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Social Studies SOL 8th Grade > Vocab Unit 10 (final Unit) > Flashcards

Vocab Unit 10 (final Unit) Flashcards

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1
Q

What does aspiration mean

A

A goal or help with doing something

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2
Q

What does associates degree mean

A

Two year degree usually from community college

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3
Q

What does bachelors degree mean

A

4 year degree from University

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4
Q

What does career mean

A

Job done for the majority of one’s life

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5
Q

What does correlation mean

A

Relationships or connection between two things

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6
Q

What does Financial responsibility mean

A

Having a balance budget

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7
Q

What does salary mean

A

How much money made in a year

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8
Q

What does self-assessment mean

A

Valuation of yourself

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9
Q

What does vocational training me

A

Job specific training apprenticeships

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10
Q

What does were ethic mean

A

How hard and how reliable someone works

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11
Q

What does anti-trust mean

A

Long against monopolies or price fixing

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12
Q

What does business cycle mean

A

Ups and downs of the economy

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13
Q

What does consumer rights mean

A

The government passes laws that protect the rights of Does that use goods and services

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14
Q

What does contract mean

A

Legal agreement between buyers and sellers

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15
Q

What does currency mean

A

Coins and paper bills use as money an economy

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16
Q

What does Discount rate mean

A

Interest-free by the Federal Reserve

17
Q

What is the federal reserve

A

Central bank of the USA

18
Q

What is income tax

A

Attacks on all money in business or individual urns in a year

19
Q

What does inflation mean

A

When price goes up

20
Q

What does interest rates mean

A

Rate at which interest is set on a loan

21
Q

What is money supply

A

Total of money being used

22
Q

What is monopoly

A

Single business that controls An entire market

23
Q

What does private property mean

A

Individuals have the right to ownership without government

24
Q

What does public goods and services mean

A

Government provides some goods and services that individuals Could not

25
Q

What does regulatory agency mean

A

Government organizations that Overseas the enforcement of laws

26
Q

What is the 16th amendment do

A

Bring income tax

Social Studies SOL 8th Grade (17 decks)

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