Unit 7 (Ch. 18) Vocab Review

When measuring the goods that are produced, traded and used in a society, that is the study of...

• Economics

• Cartography

• Biology

• Psychology

Tags

NGSS.HS-ETS1-1

When buyers and sellers compete in the open market this is...

• Socialist Economy

• State Economy

• Market Economy

• Laissez Faire Economy

Decisions in the economy are only dictated by supply, demand and price

• State Capitalism

• Free-Market

• Autarky

• Command Economy

Tags

NGSS.HS-ETS1-3

All of the wind, solar, fossil fuel, food and water resources of planet Earth.

• Synthetic Capital

• Manufactured Capital

• Human Capital

• Natural Capital

Tags

NGSS.HS-ESS3-1

NGSS.HS-ESS3-3

An example of this would be lumberjacks cutting down a tree using hand axes.

• Synthetic Capital

• Manufactured Capital

• Human Capital

• Natural Capital

Tags

NGSS.HS-ESS3-1

An example would be a steel mill creating rebar for concrete slabs

• Natural Capital

• Manufactured Capital

• Human Capital

• Synthetic Capital

Tags

NGSS.HS-ESS3-1

NGSS.HS-ESS3-2

If Apple were to open up a new factory in China in order to produce more iPhones this would be an example of...

• Economic Growth

• Economic Development

• Economic Recession

• Economic Turn

Tags

NGSS.HS-ETS1-3

The village of Wellington decided to invest money into a new boulevard and hospital, this is an example of...

• Economic Growth

• Economic Recession

• Economic Development

• Economic Bubble

Tags

NGSS.HS-ETS1-3

NGSS.HS-ETS1-1

NGSS.HS-ETS1-2

Most of the world's economies focus on achieving the most growth at any cost, what is another name for this type of economy?

• Ecological

• Neoclassical

• Environmental

• Mercantile

This type of economy does not exist yet in any country

• Neoclassical

• Mercantile

• Ecological

• Environmental