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Chapter 8&9 Vocab.
Question | Answer |
---|---|
Products made for personal use. | Consumer Goods |
Taking home a product afterpaying only part of the price and then making monthly payments until the product is paid for. | Installment Buying |
An extra amount. | Surplus |
The process in which tasks that were once done by hand are now done by machines. | Mechanization |
The movement of people t cities. | Urbanization |
To travel back and forth to work. | Commute |
A music style influenced by the music of West Africa and by spirituals and blues. | Jazz |
A time of great interest and activity in the arts. | Rennaisance |
A time where industries do not grow and many people are out of work. | Depression |
The number of people without a job. | Unemployment |
A plan for spending in which a government does not spend more money than it makes. | Balanced Budget |
An idea for a law. | Bill |
retirement income pay to people who stop working at a certain age. | Pension |
By law, the lowest amount of money that a person can be paid per hour. | Minimum Wage |