Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Lesson 3 Economies

The World's Economies

renewable resources A renewable resource that can be totally replaced or is always available naturally.
nonrenewable resources Nonrenewable resources is a resource that cannot be totally replaced.
economic system Economic system is how a society decides on the ownership and distrubution of its economic resources.
command economy Is an economy in which the means of produciton are publicly owned.
mixed economy Is an economy in which parts are privately owned and parts are owned by the government.
gross domestic product (GDP) Gross Domestic Product (GDP) is the total dollar value of all final goods and services produced in a country during a single year.
standard of living The term standard of living is based on the level at which a person, group, or nation lives as measured by the extent to which it meets its needs.
productivity Productivitly is the measurement of what is produced and what is required to produce it.
export The term "export" is to send a product made in one country to another country.
import The term "import" means to bring in a product from another country.
free trade The term "free trade" is an arrangement may by the president of the United States in which a group of countries decides to set few or no tariffs or quotas on imports or exports yet if a country abuses its privileges than "tarriffs" are applied.
sustainablility The term "substainablilty is the economic principle by which a country works to create conditions where all the natural resources for meeting the needs of society are available.
energy resources means "renewable" and "nonrenewable"
World Trade Organization (WTO) World trade organization or WTO is suppose to help regulate trade between nations.
World Bank The world bank provides financing, advice and research to developing nations.
International Monetary Fund (IMF) The International Monetary Fund monitors economic development and lends money to nations in need.
European Union (EU) The European Union is a group of European countries that have one economic unit of currency.
Created by: casonnat000
Popular AP Human Geography sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards