Chapter 1 flash cards

Question 0

The quantity of goods and services that producers are willing to provide.

Answer 0

Supply

Question 1

A plan based on values or desired outcomes

Answer 1

A goal

Question 2

The sum total of business activity within an area.

Answer 2

Economy

Question 3

Nontechnical skills

Answer 3

Soft skills

Question 4

A document that gives details to a specific job.

Answer 4

Job description

Question 5

The willingness and ability of consumers to buy products and services.

Answer 5

Demand

Question 6

Name given to a particular job

Answer 6

Job title

Question 7

Money received from an outside source to help pay for education.

Answer 7

Subsidized student loan.

Question 8

Specific tasks and procedures a person can do to complete a job.

Answer 8

Job skills

Question 9

Wide variety of jobs

Answer 9

Job market

Question 10

A principle that reflects the worth you place on an idea or action.

Answer 10

Value

Question 11

A government loan on which interest is not charged until after graduation.

Answer 11

Financial aid

Question 12

Charge for instruction at a school

Answer 12

Tuition

Question 13

Person who studies the economy.

Answer 13

Economist

Question 14

Gift of money or other aid made to a student to help pay for education

Answer 14

Scholarship

Question 15

A computer program that searches the internet to find job listings that meet certain criteria

Answer 15

Job scout/agent

Question 16

Money paid for the use of money

Answer 16

Interest

Question 17

A system of moral values that people consider acceptable.

Answer 17

Ethics

Question 18

A worldwide network

Answer 18

Internet

Question 19

Ability to perform technical tasks and procedures.

Answer 19

Hard skills