Vocabulary to help study :) pt.2
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | A government's main source of income
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| show | Money you pay to the local government based on the worth the worth of the land you own.
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| Income Tax | show 🗑
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| Corporate Tax | show 🗑
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| show | Employers will deduct money out of your paycheck, and that money will go to social security and medicare
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| show | Expenses that the government MUST pay for by law
I.e: Social Security, Medicare
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| show | Expenses that the government gets to decide on how much money they should spend on THIS each year
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| HDI (Human Development Index) | show 🗑
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| Standard of Living | show 🗑
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| GDP (Gross Domestic Product) | show 🗑
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| GDP per Capita | show 🗑
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| GNI (Gross National Income) per Capita | show 🗑
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| Developed Country | show 🗑
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| show | A country with a less productive economy and a lower standard of living (I.e Nigeria, India)
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| show | Two people trading who are from different countries
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| Exports | show 🗑
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| Imports | show 🗑
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| Tariff | show 🗑
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| Domestic Trade | show 🗑
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| show | The removal of all trade barriers (including Tariff!)
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| Tax breaks | show 🗑
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| show | When an individual makes a donation, that amount of money will get deducted from their taxes
i.e KARS for Kids
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| show | Money given to a company to help them remain competitive
I.e Apple was given $891 million to bring factories to America
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| Patents | show 🗑
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| Economic Systems | show 🗑
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| show | All 4 economic questions are answered by the government, no producers or consumers
i.e North Korea
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| show | All 4 economic questions are answered by producers and consumers only
There are none of these in the world
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| show | All 4 economic questions are answered by what the country has always done
No country is 100 percent of this
No modern technology
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| Mixed Economy | show 🗑
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| show | More specific than an economic system and includes ideas of economics, society and politics
I.e Capitalism, Communism, Feudalism, Socialism
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| show | One end being pure command, the other being pure market mixed is everything in between
Traditional is NOT on this.
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| show | An economic ideology in which the citizens own businesses and decide what to make. On the economic spectrum, it leans towards market.
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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.
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