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SS Terms 61-85

QuestionAnswer
Informational society a society in which people make their living from communications and providing related service.
Infrastructure and underlying base or structure for an organization or system.
Interdependence being mutually dependent; for example, countries trading with each other become dependent on the products of goods from the other country.
Interest rates the percentage of a loan that must be repaid in addition to paying the principal.
International trade the exchange of good between countries.
Laissez faire an economy in which government minimizes its interference.
Libel false and malicious use of printed words that damage a person's reputation.
Logical fallacies statements or arguments based on a false of invalid inference
Market economy an economy in which decisions on production and consumption are made by individuals acting as buyers and sellers.
McCarthyism the attacks, often unsubstantiated, by Senator Joseph McCarthy and others on people suspected of being communists during the early 1950's.
Migration the movement of people or animals from one country or region to another.
Minorities cultural subgroups in a larger culture.
Mixed economy and economy that combines features of more that one of the traditional, command, and market systems.
Monarchy a system of government headed by a monarch (such as king, queen, shah, or sultan) whose position is usually inherited.
Monetary policy a policy that involves changing the rate of growth of the supply of money in circulation in order to affect the cost and availability of credit; the rates are established by the Federal Reserve System.
Money anything used as a medium of exchange.
Multiple perspectives being able to examine things form different points of view.
Natural rights a belief that individuals are naturally endowed with basic human rights that cannot be taken away of given up.
Nazism the fascist regime of Adolph Hitler in Germany.
Opportunity cost the value of the next best alternative given up when a choice is made.
Parliamentary democracy a system of government in which the executive leaders (usually a prime minister and a cabinet)are chosen by and responsible to the legislature (parliament), as well as being members of the legislature, as in Great Britain.
Perspective how one views something.
Philosophes the Enlightenment thinkers.
Political action group a special interest group that organizes to impact public policy.
Post-industrialization the period after the industrial period in which service, information, and research grew important; generally considered to have begun in the latter part of the twentieth century.
Created by: rachellahrendt
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