Chapter 9,11,12 Mo Choic Flashcards
Adolescent fertility rate
of births per 1000 women ages 15-19
Biomass fuel
Fuel that derives from plant material and animal waste
Breeder reactor
Nuclear power plant that creates its own fuel from plutonium
Demand
The quantity of something that consumers are willing and able to buy
Developed country
A country that has progressed relatively along the continuum of development
Developing country
Country that is at a relatively early stage in the process of economic development
Development
Process of improvement in the material conditions of people through diffusion of knowledge and technology
Fair trade
An alternative to international trade that emphasizes small business and worker owned and democratically run cooperatives and requires employers to pay workers fair wages, permit Union organization, comply with minimum enivormental and safety standard
Female labor force participation rate
Percentage of woman holding job outside of home
Foreign direct investment
Investment made by foreign company in economy of another country
Gender inequality index
A measure of the extent of each country’s gender inequality
Gross domestic product
Value of the total output of goods and services produced in a country in a given time period
Gross national income
The value of the output of goods and services produced in a country in year, including money that leaves and enters a country
Housing bubble
A rapid increase in the value of houses followed by a sharp decline in their value
Human development index
Indicator of the level of development for each country, constructed by United Nations l, based on income, literacy, education, life expectancy
Inequality adjusted hdi
Modification of the hdi to account for inequality within a country
Microfinance
Provision of small loans and other finance services to individuals and small businesses in developing countries
Millennium development goals
Eight international development goals that all members of the United Nations have agreed to achieve by 2015
Primary sector
Portion of economy concerned with the direct extraction of materials from earth surface (agriculture fishing forestry mining)
Productivity
Value of particular product compared to amount of labor to make it
Purchasing power parity
Amount of money needed in one country to purchase the same goods and services in another country
Adjust income figures to account for differences among countries in the cost of goods
Secondary sector
Economy concerned with manufacturing useful products through processing transforming and assembling raw material
Tertiary sector
Portion of economy concerned with transportation communication utilities and sometimes extended provisions of all goods and services to people in exchange of payment
Active solar energy systems
Solar energy systems that collects energy through the use of mechanical devices such as photovoltaic cells or flat plate conductors