Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
27 Cards in this Set
- Front
- Back
|
Totalitarianism Centralized government that doesn't allow different opinions. |
Adolf Hitler with Nazism. |
|
|
War Armed conflict or fight between nations or fractions. |
World War II
Allies vs Axis Powers. (1933-1945) |
|
|
Holocaust Mass killing and persecution of Jews during Nazism (1933-1945) |
Auschwitz concentration camp 1944 |
|
|
Genocide Murdering of national, rational, political or cultural group. |
Caste War of Yucatan |
|
|
Revolution Overthrow and replacement of a government by force. |
French Revolution
|
|
|
Dictatorship A country ruled by a person who has absolute power. |
Kim Jong-il from North Korea
|
|
|
Communism Political movement based on Marxisim, seeks to overthrow capitalism. |
Joseph Stalin |
|
|
Cold War Rivalry between U.S and the Soviet Union. |
Vietnam War |
|
|
Society Human beings thought of as a group and viewed as members of a community. |
Any kind of society |
|
|
Civil Society The elements such as freedom of speech, an independent judiciary, etc, that make up a democratic society. |
|
|
|
Support Schedule of quantities offered for sale at all posible prices in amarket. |
|
|
|
Demand Combination of desire, ability, and willingness to buy a product. |
|
|
|
Break even point Production needed if the firm is to recover its costs; production level where total cost equals total revenue. |
|
|
|
Factors of production Productive resources that make up the four categories of land,capital, labor, and entrepreneurship. |
|
|
|
Economic Cycle The natural fluctuation of the economy between periods ofexpansion (growth) and contraction (recession). |
|
|
|
Welfare State The natural fluctuation of the economy between periods ofexpansion (growth) and contraction (recession). |
|
|
|
Neoliberalism An approach to economics and social studies in which control ofeconomic factors is shifted from the public sector to the private sector. |
|
|
|
Globalization The tendency of investment funds and businessesbeyond domestic and national markets to other markets around the globe, thereby increasing the interconnectedness of different markets. |
|
|
|
Regionalism Institutional arrangements designed to facilitate the free flow ofgoods and services and to coordinate foreign economic policies between countries in the same geographic region. |
|
|
|
Trade Embargo Prohibition on the export or import of a product. |
|
|
|
Economic Integration The aimeconomic integration is to reduce costs for both consumers and producers, as well as to increase trade between the countries. |
|
|
|
Free Trade Agreement Treaty (such as FTAA or NAFTA) between two or more countries to establish a free trade area where commerce in goods and services can be conducted across their common borders. |
|
|
|
Quota Limit on the amount of a good that can be allowed into a country. |
|
|
|
Tariff Tax placed on an imported product. |
|
|
|
Inflation Rate Is the rate at which the general level of prices forservices is rising and, consequently, the purchasing power of currency is falling. |
|
|
|
GDP (Gross Domestic Product) It is the monetary value of all the finished goods and servicesproduced within a country's borders in a specific time period. |
|
|
|
Overproduction Excess of supply over demand of products being offered to themarket. |
|
