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SS Unit 4
This is the vocabulary from Social Studies Unit 4
| Question | Answer |
|---|---|
| economy | the way in which people of a state, region, or country use resources to meet their needs |
| gross state product | the total value of all the goods and services produced by the workers of the state in one year |
| productivity | the amount of goods and services produced in a period of time divided by the resources used to produce them |
| surplus | extra |
| competition | the effort among similar businesses to sell the most products |
| ethanol | a liquid that can be used as a fuel in automobiles |
| tourism | the business of serving visitors |
| trade-off | when you give up one item to buy another |
| opportunity cost | the item you do not buy when you have to pick between two items that you want and you can only afford one |
| entrepreneur | a person who takes a risk to start a new business |
| profit | the money that is left over after all a business's expenses have been paid |
| investor | someone who puts his or her money at risk in hopes of making a profit |
| supply | the amount of a product or service that is available |
| demand | the amount of a product or service that people, as buyers, want and are willing to buy |
| interdependence | people in each place depend on people in other places for resources, products, and services |
| exports | goods shipped from one country to be sold in another |
| imports | goods brought into one country from another country |
| double-bar graph | a graph that makes it easy to compare two sets of numbers |
| legislative branch | the branch of the government that writes state laws- Indiana's legislature is called the General Assembly |
| bills | plans for new laws |
| executive branch | the branch that makes sure that state laws are carried out |
| budget | written plan for how to spend money |
| veto | to reject |
| appoint | to choose |
| judicial branch | the branch that decides whether state laws agree with Indiana's constitution |
| appeal | to ask for a trial to be judged again in a higher court |
| county seat | the city in which the county courthouse is located |
| municipal government | the government of cities and towns |
| income | the money someone earns |
| register | to sign up |
| citizenship | to be a full member of a community or country |
| public service | people in public service work for the good of the community |
| civic virtues | actions that contribute to the smooth running of a democracy |
| civility | politeness |
Created by:
BEmma
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