Essential Vocabulary and Economics

How many levels of Economic Activity are there?

• 2

• 7

• 4

• 3

what is the value of all goods and services produced within a country in a single year?

• GNP

• GDP

• Command Economy

• Market Economy

What is a system in which the central government makes all economic decisions.

• command economy

• market economy

• free enterprise

• communism

What is a country with strong economies and a high quality of life?

• developing country

• developed country

What is the process in which countries are increasingly linked to each other through culture and trade?

• connectiveness

• dependency

• partnership

• globalization

What is a relationship between countries in which they rely on one another for resources, goods, or services?

• interaction

• partnership

• communication

• interdependence

What is assistance to people in distress?

• Aid

• Human help

• Humanitarian Aid

• Non profit organization

What is a set of beliefs, values, and practices that a group of people has in common?

• cultural diversity

• culture trait

• culture

• language

what is an activity or behavior in which people often take part?

• Culture trait

• cultural diversity

• cultural zone

• culture

What is an area in which people have many shared culture traits?

• cultural diversity

• cultural region

• cultural area

• culture