Identify the benefits of Globalization

Identify the bad things of Globalization

Countries with high living standards

A country is considered to have high living standards when...

________ consists of the production and exchange of goods and services.

Tradition economy is the same as

Command economy is a form of economy found in countries with

Market economy is a form of economy found in countries with

Market economy uses to decide on prices and production

Mixed economy uses

In command economy the prices are decided by

In market economy the prices are decided by

Farmer is common job in

Carpenter is common job in

Police officer is common job in

Transforming nails and wooden boards is a job in the

A biologist is a job in the

Jobs in primary level are based on

Jobs in secondary level are based on

Jobs in tertiary level are based on

Jobs in quaternary level are based on

Natural resources that is renewable

Natural resources that is renewable

Natural resources that is non-renewable

Natural resources that is non-renewable

When there are not enough resources for everyone because demand is high, and supply is low.

What happens to the price of something if the demand is high and the supply is low.

What happens to the price of something if the demand is low and the supply is high.

What happens to the price of something if the demand stays the same and the supply is high.

What happens to the price of something if the demand stays the same and the supply is low.

Reasons that cause people to consume change their production or consumptio.

A common reason why producers increase the amount they produce is

A common reason why consumers increase the amount they buy is

Average amount of money each person in a country makes.

Total of all that a country produces in a year, inside and outside its territory.

Total of all that a country produces in a year, inside its territory only.

One of the benefits of money is that it is a precise and flexible form to pay for goods and services.

One of the benefits of money is that its value does not change since it does not expire.

One of the benefits of money is that it allows to compare the cost of different goods and services.

Benefits that are lost when choosing one option over another

When obtaining a loan, one has to pay more because of

When leaving money in a bank, one gains more money because of

Savings and investments are forms of

Any money received from regular work, or from investments.

In general the higher the education level

Money that is not spent, normally placed in the bank

Money that is not spent, used on something that will generate more money in the future

Rise in the prices of things. Informs if the money we have will allow us to be able to purchase the same amount of goods and services.

Which form of economy favors: low or non-existent unemployment, speed in decision-making, equality amongst citizens, and a focus on the worker as opposed to profits.

Which form of economy favors: greater efficiency, productivity, and innovation.

Which form of economy causes: monopolies, no government intervention, poor working conditions, and unemployment

Which form of economy causes: less economic freedom, lack of innovation, lack of incentives for workers

Which form of economy is also known as free enterprise.

Which form of economy is also known as centrally planned.