GSE Unit 9 Vocabulary Review #2
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| economic continuum | a 0-100 scale which ranks world economies from most command-leaning (0) to most market-leaning (100)
🗑
|
||||
| mixed economy | term used to describe the market/command/traditional blending of all modern world economies
🗑
|
||||
| deregulation | reduction of government oversight and/or influence in a given sector of the economy
🗑
|
||||
| recession | a period of economic decline due to lagging trade and/or reduced industrial activity
🗑
|
||||
| trade barrier | any activity which slows or outright blocks the free exchange of goods and services between nations
🗑
|
||||
| specialization | focusing on a narrow range of products/services that can be produced most efficiently and cost-effectively
🗑
|
||||
| voluntary trade | trade in which both partners freely agree to and benefit from the exchange of goods/services
🗑
|
||||
| boycott | refusal to purchase a good/service from a specific company or country
🗑
|
||||
| domestic | term which refers to the products of services originating in one’s own country; it is the antonym of foreign
🗑
|
||||
| embargo | a trade barrier which blocks all trade with another nation
🗑
|
||||
| quota | a trade barrier which places a limit on imported goods
🗑
|
||||
| sanction | the act of economically punishing another nation
🗑
|
||||
| tariff | a trade barrier which places a tax on imported goods
🗑
|
||||
| currency | a nation’s money
🗑
|
||||
| currency exchange | converting one nation’s money into an equivalent value/quantity of another’s
🗑
|
||||
| exchange rate | the approximate value of one nation’s currency in terms of another’s
🗑
|
||||
| arable | suitable for farming
🗑
|
||||
| natural resource | a material on or in the earth that has economic value
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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
Normal Size Small Size show me how
Created by:
kiragodwin