Unit 11 Vocab (Civics)

What is income?

• Making good decisions about money
• The combination of a person's education, knowledge, skill, experience, health, training, and talent
• A person's hopes and goals for the future
• Money received for work

What is insurance?

• Something the government provides to everyone

• The combination of a person's education, knowledge, skill, experience, health, training, and talent

• An arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium

• Protection that only the wealthy have access to.

What does fiscal responsibility mean?

• A person's hopes and goals for the future
• The combination of a person's education, knowledge, skill, experience, health, training, and talent
• A fixed regular payment, usually paid monthly or biweekly, from an employer to an employee
• Making good decisions about money

What is a wage?

• The money that is paid by the hour to do a job

• The minimum amount of money that can be paid to a worker

• Something that only people who work in low level jobs earn

• The combination of a person's education, knowledge, skill, experience, health, training, and talent

What is self-assessment?

• A person's hopes and goals for the future
• Making good decisions about money
• The combination of a person's education, knowledge, skill, experience, health, training, and talent
• The process of 'looking at oneself in the mirror' and examining one's talents, skills, and aspirations

What is a guarantee?

• Something that cannot be trusted

• The combination of a person's education, knowledge, skill, experience, health, training, and talent

• A promise that is always kept

• A formal promise or assurance (typically in writing) that certain conditions will be fulfilled, especially that a product will be repaired or replaced if not of a specified quality and durability

What is human capital?

• A fixed regular payment, usually paid monthly or biweekly, from an employer to an employee

• Money available to invest in business

• The combination of a person's education, knowledge, skill, experience, health, training, and talent

• The United Nations is the capital for al humans

What is demand?

• How much of a product or service is desired by buyers

• How much of a product is available to purchase

What is supply?

• Making good decisions about money

• How much of a product buyers want to buy

• How much of a product or service the market can offer

• How much people want and how much there is to purchase

What is work ethic?

• A term for the attitudes and behaviors that show one's desire to do a job well and to take pride in a job well done
• The combination of a person's education, knowledge, skill, experience, health, training, and talent
• A person's hopes and goals for the future
• Making good decisions about money