Reading...
Play button
Play button
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;
15 Cards in this Set
- Front
- Back
|
consumer price index
|
an economic indicator; a monthly price survey for a list of goods and services
|
|
|
economic indicators
|
economic information used to measure the economy; includes gross domestic product, consumer price index, inflation rate, and unemployment rate
|
|
|
gross domestic product
|
an economic indicator; the total market value of all goods and services produced in the United States in a certain period
|
|
|
inflation
|
an economic indicator reflecting a steady increase in the consumer price index
|
|
|
interdependent
|
refers to an economic system where producers and consumers rely on each other and on other economies to succeed
|
|
|
labor union
|
an organization of workers formed to improve wages, benefits, and working conditions for workers
|
|
|
lignite
|
the lowest-quality coal; a soft, brownish-black coal that, because of its high water content, burns poorly
|
|
|
mineral resources
|
inorganic substances that were formed by Earth's geological processes; include oil, natural gas, salt, sulphur, and lignite
|
|
|
natural resources
|
a gift of nature, part of the natural environment; includes the air, the soil, water, and minerals
|
|
|
nonrenewable
|
refers to natural resources not replaced by nature once they are extracted from the environment
|
|
|
pulpwood
|
smaller, softer trees (mostly pine) that are shredded into pulp to be made into paper
|
|
|
renewable
|
refers to biological resources that replenish themselves over time
|
|
|
Superport
|
an offshore port in the Gulf of Mexico that was constructed to handle extremely deep ships; serves primarily the offshore oil industry and Louisiana's oil refineries
|
|
|
tariff
|
a tax on imports designed to keep out foreign competition
|
|
|
private goods and services
|
goods and services produced in a market economy. Ex. a hamburger is a good sold at a diner of your choice.
|
