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1. World Affairs

Vocab

QuestionAnswer
cap and trade market-based system to incentivize cutting CO2 emissions
secular long-Term change that goes only one way
transnational related to the world as a whole, too big for one country or group of countries to handle
tragedy of the commons misuuse of a collective good, harms all in the population (Mexico, water)
arable usable for food growing
stagflation slow exonomic growth plus inflation
futures contracts to sell commodity at certain prices in the future, therefore a bet that it will go up or down
desiccation drying out
cyclical changes that come and go like a pendulum swing
collective good something that all use or share, for free like air and water
g8 "group of eight" annual meeting of heads of eight rich nations, an informal talking shop
barrel 42 gallons, world standard measure for oil
Created by: 13nrivers
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