section 6 flash cards

Question 1

another type of economy

Answer 1

market economy

Question 2

lets competition among businesses determine the price of products

Answer 2

free enterprise

Question 3

free enterprise

Answer 3

capitalism

Question 4

the government decides what to produce

Answer 4

command economy

Question 5

economic and political system in which the government owns or controls almost all the means of production.

Answer 5

communism

Question 6

the total value of goods and services that a country produces in a year.

Answer 6

gross national product

Question 7

only goods ans services created within the country

Answer 7

gross domestic product

Question 8

the process by which manufacturing based on machine power becomes widespread in an area

Answer 8

industrialization

Question 9

the percentage of people who can read and write

Answer 9

literacy rate

Question 10

the richest countries

Answer 10

developed countries

Question 11

a system of roads ports and other facilities needed by a modern economy

Answer 11

infrastructure

Question 12

the worlds poorer countries

Answer 12

developing countries

Question 13

the goods a country brings in from different nations

Answer 13

Import

Question 14

the goods a country sells or trades with another nation

Answer 14

export

Question 15

the ability to produce something at a lower opportunity cost than another country can.

Answer 15

comparative advantage

Question 16

use of tactics that make imported goods more expensive than domestic goods.

Answer 16

Protectionism

Question 17

tax on imports. The goal is to make the price of imported goods higher than those produced at home.

Answer 17

Tariff

Question 18

a payment or other benefit given by government to help a domestic producer.

Answer 18

Subsidy

Question 19

A limit placed on the amount of a particular good that enters a country.

Answer 19

Quota

Question 20

the process in which people grow plants and tame animals for their own use

Answer 20

domestication

Question 21

growth in the proportion of people living in towns and cities

Answer 21

urbanization

Question 22

huge urban areas that are the most important centers of economic power and wealth

Answer 22

world cities

Question 23

city center dominated by large stores, offices, and buildings

Answer 23

central business district

Question 24

clusters of large buildings away from the central business district of a city.

Answer 24

edge cities

Question 25

farming in which food is produced by a family just for its own needs

Answer 25

subsistence agriculture

Question 26

a process in which farmers clear trees brush fro short term planting before moving on to clear another area

Answer 26

shifting cultivation

Question 27

a type of subsistence agriculture involving herding animals

Answer 27

pastoralism

Question 28

agricultural system in which farmers grow products to see to consumers

Answer 28

market oriented agriculture

Question 29

the operation of specialized commercial farms for more efficiency and profits

Answer 29

agribusiness

Question 30

boundaries that follow a feature of the landscape

Answer 30

natural boundries

Question 31

boundaries that are based on culture traits

Answer 31

cultural boundaries

Question 32

boundaries that follow geometric patterns

Answer 32

geometric boundries

Question 33

a feeling of pride and loyalty for ones country or culture group

Answer 33

nationalism

Question 34

a government in which one person or a small group of people rule a country and in which the people have no say

Answer 34

totalitarian governments

Question 35

a system of government in which the peolpe decide who will govern.

Answer 35

democracy