Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

School > Global Studies > Flashcards

Global Studies Flashcards

1
Q

Economics

A

Stock markets because you invest money

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Interdependence

A

South America and Africa bringing Cacao beans to manufacturing plants

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Opportunity cost

A

You spend time and money going to a movie, you can’t spend that time at home reading a book

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Scarcity

A

The Aral Sea is losing water, leading it to shrink

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Market

A

Target is a market, you can purchase items

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Natual resources

A

Animals

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Capital resources

A

Machines and tools

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Human resources

A

Plummer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Productive resources

A

Human resources

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Productivity

A

Quotas

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Supply and Demand

A

Supply is up, demand is down price goes down, Supply is down, demand is up, price will go up

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Specialization

A

A math teacher because they are a teacher that teaches a specific subject

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What determines the price of a product?

A

Supply and demand

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

How does competition affect the prices of products?

A

They can be cheaper and better, so people buy. But vice versa will not work, because it is more expensive and worse

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What types of regulations does the government place on companies?

A

Standards that should be met, such as food should be gone bad and make sure that most people should afford it

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What is a global supply chain?

A

The supply chain are the stopd the product goes through where it was manufactured or grown to the price where it is sold

17
Q

Explain the difference between small businesses and corporations

A

Most small businesses are locally sourced and have fewer stores. Corporations have more stores and plants and are not locally sourced

18
Q

What is the market cycle?

A

One product being made then traded with another good or service and so on

19
Q

How are productivity and innovations connected?

A

Innovation drives productivity and productivity drives good results

20
Q

What does the government regulate?

A

To stop corrupt debilitating profits

21
Q

What is the difference between the federal deficit and federal debt?

A

Deficit is the money owed from one year and debt is the money from all the years

22
Q

What leads to recession?

A

Loss i consumer confidence, high interest rates, a stock market crash, and asset bubbles bursting

23
Q

Why do companies issue stocks?

A

To help raise money for the company

24
Q

What does a stock represent?

A

Taking a share of the company

25
Q

What determines the price of a stock in the market

A

SUPPLY AND DEMAND

26
Q

What are two arguments for raising the minimum wage?

A

1) It helps pay bills
2) It helps teens to be able to not take out loans

27
Q

What are two arguments for raising the minimum wage?

A

1) The minimum wage has already been raised 22 times
2) It’s too costly for companies

28
Q

Examples of socialism

A

Sweden, Norway

29
Q

Examples of communism

A

The soviet union, North Korea

30
Q

What are the benefits of globalization?

A

Countries like China is out of poverty

31
Q

What are the downfalls of globalization?

A

International trading is now the overconsumption of natural resources

32
Q

Traditional

A

There is less variety and it is centered around certain ethnics, tribes, etc. Choices are determined by the enviorment

33
Q

Command

A

Closer to a dictatorship. Individuals have little say in economic decisions as well is no competition. There is a certain way to do things

34
Q

Market

A

This is more lenient. There is no government which means you can sell anything. There is a lot of competition. There is a lot of variety.

35
Q

Mixed

A

This combines elements from market and command. Individuals have a share in economic decisions. There is a government that regulates things

36
Q

Traditional economy

A

Good Bad
1) High quality 1) Not a lot of variety
2) Locally sources 2) No technology

37
Q

Command economy

A

Good Bad
1) everything is equal 1) Too much control
2) Government sets price 2) No Variety

38
Q

Market economy

A

Good Bad
1) More profit 1) too much competition
2) Independent 2) No regulations

39
Q

Mixed economy

A

Good Bad
1) More variety 1) Constant argument on
setting regulations
2) Good rules from all systems 2) Taxes

School (3 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions