Economic Basics
This is an economic term for doing work...
What is Labor?
A country that does not meet the basic needs of the people living there ...
What is an Underdeveloped Country?
Mr. Manzo was born in this Autumn month...
What is October?
A business cycle is the growth and decline of this economic indicator...
What is Real GDP?
The age to which an average person living in that country will live to...
What is Life Expectancy?
An economic industry that produces food and other valuable cash crops
What is Agriculture?
A country that meets the basic needs of its people and is able to innovate...
What is a Developed Country?
Mr. Manzo Originally comes from this city of Angels...
What is Los Angeles?
During this phase of a business cycle, real GDP grows..
What is Expansion/Prosperity?
The percentage of the population (who are over 15) that are able to read and write...
What is Literacy Rate?
This P-E-G-S determines the natural resources available to a country...
What is Geography?
A type of economic system where businesses are free from the government and primarily respond to consumer demand...
What is a Capitalist Economic System?
Mr. Manzo's class last year was in this grade level...
What is second grade?
This phase of a business cycle describes a great decline in real GDP growth, and has only happened once before in American history...
What is a Depression?
The infant mortality rate measures the rate at which infants in the country pass away as a number per this many babies born...
What is 1000?
We live in a world where there is not enough economic resources for everyone, we live in a world of...
What is Scarcity?
An economic system where the government owns and controls only the essential industries in that country, while the other industries remain free...
What is a Socialist Economic System?
Mr. Manzo's Family comes form this state in Mexico...
What is Michoacán?
this phase of a business cycle follows a Recession or Depression, as Real GDP begins to grow once again...
What is Recovery?
The total value of goods and services produced in a country in a given year, divided by the total population of that country...
What is GDP per Capita?
The word "Economics" comes from the Greek word "Oikonomia" meaning this...
What is Management of the Household?
This economic system is completely planned and operated by the government...
What is a Communist Economic System?
Mr. Manzo taught at an elementary school in Dallas for two years, named after this historical figure. He was a major leader for Civil Rights and helped change labor laws for immigrants working in the agriculture industry...
Who is Cesar Chavez?
The economy was growing at great growth rate. Soon, the Real GDP growth rate began to decline and Unemployment increased. This phase of the business cycle lasted less than one year.
What is Recession?
In order to be considered an unemployed worker, a person must not be employed and must also be
What is looking for employment?