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Economics A. Economics A Economics A Economics B.

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Presentation on theme: "Economics A. Economics A Economics A Economics B."— Presentation transcript:

1

2 Economics A

3 Economics A

4 Economics B

5 China

6 Government B

7 Economics – New or Old

8 Economics A Economics A Economics B Government A China New/Old $100 $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500 $500

9 Individual buyers/sellers Make decisions and consumption
1-100 Economy in which Individual buyers/sellers Make decisions and consumption $100

10 1-100A Market or Capitalism Note: You must resize the transparent “Action Button” that covers the entire screen, before you can edit the text! This is true for all “answer” slides. $100

11 Makes most decision about
1-200 Economy in Which the government Makes most decision about Buying and selling. $200

12 1-200A Command $200

13 Limited resources, Unlimited wants
1-300 Limited resources, Unlimited wants $300

14 1-300A Scarcity $300

15 Economy based on trading, Customs, where no exchange
1-400 Economy based on trading, Customs, where no exchange Of currency is involved $400

16 1-400A Traditional $400

17 At the lowest possible cost
1-500 Using the ability of On country or company To produce a product At the lowest possible cost $500

18 1-500A Absolute Advantage $500

19 The United State’s economy
2-100 The United State’s economy $100

20 2-100A Mixed $100

21 A person’s level Of material well- being
2-200 A person’s level Of material well- being $200

22 2-200A Standard of Living $200

23 Production of fewer goods
2-300 Concentration of Production of fewer goods $300

24 2-300A Specialization $300

25 Being mutually Dependent on other Countries for trade
2-400 Being mutually Dependent on other Countries for trade $400

26 2-400A Inter- dependence. $400

27 The term that Describes what you Lose when choose On resource for
2-500 The term that Describes what you Lose when choose On resource for another $500

28 2-500A Opportunity Cost $500

29 The national Banking system Created in 1913 Controls money supply
3-100 The national Banking system Created in 1913 Controls money supply $100

30 3-100A Federal Reserve $100

31 Promise to pay them in the future.
3-200 The purchase of goods in the present with the Promise to pay them in the future. $200

32 3-200A Credit $200

33 Efforts to Restrict imports In order to protect Domestic products.
3-300 Efforts to Restrict imports In order to protect Domestic products. $300

34 3-300A Protectionism $300

35 A downturn in the Business cycle for 6 Consecutive months
3-400 A downturn in the Business cycle for 6 Consecutive months $400

36 3-400A Recession $400

37 Laws passed to Prevent monopolies
3-500 Laws passed to Prevent monopolies $500

38 Anti-trust legislation
Anti-trust legislation $500

39 a country whose government and
4-100 a country whose government and "command" and "control" over its economy and people $100

40 command-and-control state
command-and-control state $100

41 basic unit of currency in China
4-200 basic unit of currency in China $200

42 4-200A yuan. $200

43 increased manufacturing production in low
4-300 increased manufacturing production in low -wage countries for export to high wage $300

44 low-wage manufacturing
low-wage manufacturing $300

45 referring to a member of the working class
4-400 referring to a member of the working class who performs manual labor and earns an hourly wage $400

46 4-400A blue-collar $400

47 4-500 China’s e-bay $500

48 at 4-500A Alibaba. $500

49 The type of Democracy the United States has
5-100 The type of Democracy the United States has $100

50 Presidential Or Representative
Presidential Or Representative $100

51 The type of Democracy Great Britain has
5-200 The type of Democracy Great Britain has $200

52 Constitutional Monarchy
Constitutional Monarchy $200

53 Word describing Society’s acceptance Of the government’s
5-300 Word describing Society’s acceptance Of the government’s Right to rule. $300

54 5-300A Legitimacy $300

55 Democracy based on what
5-400 The roots of Democracy based on what Movement (1700s) $400

56 5-400A Enlightenment $400

57 Form of Government That asserts most control.
5-500 Form of Government That asserts most control. $500

58 5-500A Totalitarianism $500

59 6-100 Adam Smith $100

60 6-100A Old $100

61 More government in economy
6-200 More government in economy $200

62 6-200A New $200

63 India has more US manufacturing
6-300 India has more US manufacturing $300

64 6-300A New $300

65 US global economic control
6-400 US global economic control $400

66 6-400A Old $400

67 Large US debt Owed to China
6-500 Large US debt Owed to China $500

68 6-500A New $500


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