unit 5 vocab practice

What does the word 'explore' mean?

• To stay in one place

• To travel in order to discover or search for something

• To study a subject in detail

• To explain something

The term "Interdependence" means (a)   .

• Operating independently
• Not needing any help
• Relying on each other
• Avoiding collaboration

What does the term 'annex' mean?

• To detach from an existing nation or city

• To make part of an existing nation or city

• To form a new nation or city

• To visit an existing nation or city

Match the following descriptions of economic conditions with their correct definitions.

• Definition of an economic disaster

• B) A state of total economic collapse

• Definition of a recession

• D) A time of exponential economic growth

• Definition of an economic boom

• A) A period of temporary financial decline

• Definition of a depression

• C) An economic state when business is very bad and many people are out of work and poor

What does inflation refer to in economic terms?

• A) A decrease in the average price level

• B) An increase in the average price level

• C) A decrease in the average income level

• D) An increase in the average production level

What does the term "import" mean?

• To send goods to another country for sale

• To bring in goods from another country for sale

• To manufacture goods domestically

• To ban goods from another country

What is a tariff?

• A government policy to control population growth

• A government tax on goods that come into a country

• A type of trade agreement between two countries

• A financial aid provided by the government to local businesses

What is petroleum?

• A) A renewable energy source

• B) A thick oil found by drilling below the earth's surface

• C) A type of mineral mined from mountains

• D) A natural gas used for cooking

What is petroleum often made into?

• A) Plastics and electronics

• B) Gasoline, heating oil, and other products

• C) Food additives and medicines

• D) Cosmetics and perfumes

What does the term "commerce" refer to?

• The production of goods

• The buying and selling of goods or services

• The exchange of goods for other goods

• The study of market trends