Int. Business Vocab Ch 2
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| show | a situation that exists when a country can produce a good or service at a lower cost than other countries
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| show | the difference between a country's exports & imports
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| command economy | show 🗑
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| comparative advantage | show 🗑
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| show | the monthly United States federal government report on inflation
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| demand | show 🗑
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| show | a country evolving from less developed to industrial
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| economics | show 🗑
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| economic system | show 🗑
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| factors of production | show 🗑
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| show | the amount a country owes to other countries
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| show | the value of one country's money in relation to the value of the money of another country
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| gross domestic product (GDP) | show 🗑
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| show | a measure of the total value of all goods & services produced by the resources of a country
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| show | a country with strong business activity that is usually the results of advanced technology & a highly educated population
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| inflation | show 🗑
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| infrastructure | show 🗑
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| show | a country with little economic wealth & an emphasis on agriculture or mining
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| show | the situation where individual companies & consumers make the decisions about what, how, & for whom items will be produced
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| market price | show 🗑
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| show | the situation with a blend between government involvement in business & private ownership
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| show | the most attractive alternative given up when a choice is made
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| show | the process of changing an industry from publicly to privately owned
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| scarcity | show 🗑
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| supply | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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