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Econ. U. I. Vocab
Words/concepts that class should know relating to economics and undoc immig
| Question | Answer |
|---|---|
| Citizen | Member of a nation |
| Civics | Study of what it means to be a citizen |
| Government | An authority that acts on the behalf of a group of people |
| Quota | Limit on the number of immigrants who may enter a country |
| Refugee | Person who flees persecution and is seeking safety |
| Native Born | A citizen who was born in the U.S. |
| Visa | A document that allows people from one country to enter another country |
| Suburb | A residential community near a large city (neighborhood) |
| Urban | A large city or town |
| Rural | A region of farms or small towns |
| Migration | The movement of people from region to region |
| Sunbelt | U.S. region made of states in the South and West |
| Alien | Person who lives in a nation but is not a citizen of that nation |
| Deport | To force a person to leave a nation, usually returning to their nation of origin |
| Naturalization | Legal process by which aliens become citizens |
| Census | Official count of the number of people in a country |
| Birthrate | Annual number of live births per 1,000 members of a population |
| Deathrate | Annual number of deaths per 1,000 members of a population |
| Angel Island | Los Angeles processing center for immigrants |
| Traditional economy | Based on customs or beliefs, often involves bartering and survival based decisions |
| Command Economy | Government controls all means of production |
| Free Market Economy | Buyers and sellers make all decisions regarding market |
| Mixed Economy | Limited government regulation with private business ownership the primary source of income |
| Embargo | One country refusing to trade with another |
| Blockade | Physically cutting off trade from one country to another |
| Import | Bringing goods into a country |
| Export | Shipping goods out of a country |
| Diversity | Variety |
| Specialization | One country producing more of a good than other countries (Banana Republic) |
| Literacy Rate (LR) | Percentage of people who can read or write |
| Standard of living | Measurement of a populations "well being", income, life expectancy, education, etc. |
| Gross Domestic Product | Total amount of goods and services made in a country on a yearly basis (annually) |
| Human Capital | People's skills and abilities |
| Capital Goods | Items used to make a product |
| Entrepreneur | Risk taker, decision maker, total liability |
| Loan (credit loan) | Borrowing money to invest in economic decisions |
| Opportunity Cost | What someone must give up to achieve a more desired goal |
| Consumer | People who buy goods and services |
| NAFTA | Agreement between the United States, Canada and Mexico |
| European Union | Trade Alliance between European countries |
| Tariff | Tax on imported goods and services |
| Cargo | Goods carried on a ship, aircraft, or motor vehicle |
| Moratorium | Temporary prohibition of an activity |
| Executive Order | Mandate or law from the President of the United States |
| Latin America | Mexico, Central America and South America |
| Reasons for immigration | Political freedom and economic opportunity |
| Anchor babies | Born to a non-citizen which has the constitutional birthright of citizenship |
| Local governments are struggling to pay for the security of these borders, setting up civilian militias | Arizona, New Mexico, Texas and California |
| Contributions of contemporary immigrants | Music, visual arts, literature, achievements in science and engineering |
| Capitalism | System of economy based on competition and free markets |
| Famine | Widespread scarcity of food, resulting in starvation and death |
| Assimilation | "Blending" in to a new culture, learning the language and customs |
| Steerage Class | Lower level of passenger ships where immigrants often traveled to America, historically |
| Nativist | Person who wants to eliminate foreign influence |
| Prejudice | Negative opinion that is not based on facts |
| Melting pot | Theory of many cultures living together and blending into one |
| Salad bowl | Theory of many cultures living together and retaining their own cultural identity |
| Ellis Island | Processing center for immigrants on the East Coast |
| Statue of Liberty | Gift from France, symbol of hope and freedom for arriving immigrants |
| Chinese Exclusion Act | Law prohibiting this group for entering U.S. for 10 years |
| Coyote | Someone who smuggles people across the U.S. border |
| Subsidy | Money from government to help an industry or business, usually given to regulate prices |
| Telecommuting | Work from home, using the internet |
| Outsourcing | Obtain goods or service from a foreign supplier (GM did this with factory worker's jobs) |
| Adam Smith | Scottish philosopher, father of economics |
| Wealth of Nations | 1776, Inspired the Industrial Revolution |
| Unemployment Insurance | Pays benefits to workers who have lost their jobs |
| Progressive movement | Aim was to eliminate problems caused by Industrial Revolution, i.e., widespread corruption in government and labor |
| Sanctuary City | Promise of local government officials not to release information for the purpose of deportation |
| Economic Equity | Fairness as an economy distributes resources |
| Economic System | Government's way of coordinating production |
| Traditional Economy | Decisions are based on custom (think tribal, usually isolated) |
| Bolchevik Revolution | 1917 Revolt Against Czar |
| Kim Jong Un | Dictator of North Korea |
| Russia, China and South Korea | Countries that are providing aid to North Korea |
| Nationalism | Fierce loyalty and patriotism to a country |
| Socialism | Needs are controlled by government; healthcare, education, energy and transportation |
| Embargo | Cutting off trade |
| Utopia | A perfect environment where all needs will be addressed |
| Product Market | Goods and services sold by firm (business) |
| Circular Flow Model | Model to show the transfer of goods and services |
| Factor Payments | Funds paid to households |
| Industrial Revolution | 1800s economic growth in the U.S. |
| Household | Providing labor, often owning factors of production |
| Incentives Matter Principle | No reason to productive or competitive |
| Public Works | Highways, sewer system and dams for example |
| Profit Motive | Money earned by a business after subtracting its costs |
| Intellectual Property | Creations of the mind (i.e., a novel) |
Created by:
dsiebenaler
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