WGU IEC4 Economics & World Civilization Part II
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| What describes unethical trade practices? | Dumping: Selling goods for less than the production cost.Subsidies, High Trade Barriers, Predatory Pricing
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| Tariff | A per-unit tax imposed on internationally traded goods.
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| Roles of an entrepernur | Identifying needs and filling them. Distributing capital, employing large amounts of people.
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| Monopoly | An industry in which one firm supplies the entire market. Usually supported by a trade entry barrier. (Patents are a good way to think of this)
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| Oligopoly | A Market structure in which few firms supply the entire market. Mutually independent. Excercise large degree of market power.
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| Gross Domestic Product | Total market value of all new goods produced withing the United States Borders during the current year.
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| Gross National Product | Same as GDP exept includes US nationals working abroad.
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| Prehistoric | Practiced basic subsistence farmingHunted and GatheredMaintained small food surplusMembers of small communitiesFollws simple social hierarchiesUsed simple tools Relocated frequently
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| What was the early stone age characterized by? | Nomadic Hunting, fishing and food gathering.
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| During the neolithic period humans began to do what? | Domesticate plants and animals. Which intiated the rise of agriculture and permanent settlements.
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| Mesopotamia | Cuneiform and the wheel
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| Mayas: | Built great monuments and cities. Popol Vuh, made extremley accurate calendars. Zeros
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| Incas: | Women equality, Spoke but had a non verbal way used through textiles which also served as a form of worth. Labor tax
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| Aztecs: | Strict and hierarchical. Punishments for breaking laws were severe. All members of society were trained warriors. Participated in human sacrafice and worshiped the sun god.
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| Ghandi | Spiritual and Political leader. Taught passive resistance. Protested the tax and told indians to refuse to cooperate with the british.
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| Mustafa Kemal Ataturk: | Took Control of Local assembly, Became president of rebublic of Turkey, Dedicated to modernizing, was expereinced form WWI, seperated goverment from Islam.
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| Reza Shah Pahlavi | staged a coup d'état of the Persian government, Encouraged the construction of domestic infrastructure (Roads, hospitals, and education centers.) Women gained rights,
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| Legalists/Legalism | Believe in the values of power, fear, and harsh law.
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| Qin Dynasty | Construction of Great Wall
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| Han Dynasty | Silk Road
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| Socialism | refers to a broad set of economic theories of social organization advocating state or collective ownership and administration of the means of production and distribution of goods, and the creation of an egalitarian society.All socialists advocate the crea
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| Lenin | Golero Plan- First ever Soviet project for national economic recovery and development,concerned about creating a free universal health care system for all, the rights of women, and teaching the illiterate Russian people to read. New economic policy, lenin
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| Hitler | Recieved iron cross. Used nations postwar depression and unemployment to enhance party power. Promised security against communists and socialists.
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| What is the impact of imports on domestic prices? | Increases consumer satisfaction,Cause leakage from domestic economy, Reduces multiplier effect.
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| Olmecs | Played ball
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| Feudalism | Medieval Europe political system composed of a set of reciprocal legal and military obligations among the warrior nobility, revolving around the three key concepts of lords, vassals, and fiefs. Granted land in exchange for service.
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| Poulares | Approval of people not aristocracy
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| Imperialism | Extending a nations power by some form of power over a foreign power.
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| Imperium | Right to issue commands and enforce fines, arrests, physical punishment, death.
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| Sub-Saharan Africa | Made/Used stone tools, herding, iron working, long distance trade, developed organizations with kingdoms and chiefs.
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| Paleo | Hunters/Gatherers, fishers, sophisticated tools, made clothing, weaving.
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| Neo | Permanent buildings, architecture, farming, pottery, writting, domesticated plants and animals, hierarchy
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| Shang Dynasty | Oracle Bones
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| Zhou Dynasty | Mandate of Heaven, Daoism,
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| Mao TSE | Great leap forward (Alternative model for econ growth.
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| Great leap continued | many peasants ordered to work on infrastructure projects and production of iron/steel.
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| GL Contin | private food production was banned; livestock and farm implements were brought under collective ownership.
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