last deck of Economics

Question 1

the maximum product output a company can produce using it’s available resources over a specified amount of time

Answer 1

productive capacity

Question 2

the assignment of different parts of a manufacturing process or task to different people in order to improve efficiency

Answer 2

division of labor

Question 3

the process of focusing one’s occupational concentraition on a specific area of epertise

Answer 3

specialization

Question 4

any structure that allows buyers and sellers to exchange any types of goods services and imformation

Answer 4

market

Question 5

the economy of all humans in the world

Answer 5

global economy

Question 6

the interconnecdedness and relience of countries on eacth other for resources goods services econmomic stabillity

Answer 6

interdependence

Question 7

movable goods produces within the boundaries of one country which is traded with another

Answer 7

exports

Question 8

goods produced outside the bounderies of one country which are purchased by that country

Answer 8

imports

Question 9

a reigion or country that another reigion or country buys goods from of sells to

Answer 9

trading partners

Question 10

tradable and interchangable finialcial instruments like stocks bonds or echange traded funds that reprent a specific finicial value

Answer 10

financial security