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Economics

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Economics   show
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show Idea that the world is becoming increasingly interconnected on a global scale such that smaller scales of political and economic life are becoming obsolete  
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show rapid economic & social changes in manufacturing that resulted after the introduction of the factory system to the textile industry  
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Postindustrial   show
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Commodities   show
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show Spending more money on imports than earning from exports  
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Trade Surplus   show
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Outsourcing   show
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show Business that provides assistance instead of making a good  
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show Country in the process of becoming industrialized  
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show Any resource replaced by natural processes more quickly than it is consumed  
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Exchange Rate   show
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show the tools, equipment, and buildings that are used to produce goods and services  
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Gross Domestic Product (GDP)   show
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show not having enough resources to produce all of the things we would like to have therefore people must make choices.  
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Tariff   show
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Specialization   show
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Created by: ddenson80
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