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Chapter 15
vocabulary words
| Question | Answer |
|---|---|
| Bull market | one with an upward trend in stock prices |
| bear market | one with a downward trend in stock prices |
| Margin buying | the practice of purchasing stocks with borrowed money |
| gross national product | the total value of all goods and services produced in a given year |
| business cycle | The regular ups and downs of business in a free-enterprise economy. |
| mutualistas | to help each other |
| breadlines | bowls of soup and pieces of bread given out by charitable organizations |
| shantytowns | collections of make shift shelters built out of packing boxes, scrap lumber, corrugated iron, and other thrown away items. |
| rugged individualism | success comes through individual effort and private enterprise. |