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29 Cards in this Set

  • Front
  • Back
REVOLUTION 

REVOLUTION

A complete overthrow and replacement of an established government by force.

WAR

WAR

Armed conflict or fighting between nations or factions.

GUERRILLA

GUERRILLA

Member of a band that is unofficial soldier that attacks enemy in small groups.

HOLOCAUST

HOLOCAUST

A great or complete destruction.

COMMUNISM

COMMUNISM

A political doctrine or movement based on Marxism seeking the overthrow of capitalism and the creation of a classless society.

HUMAN RIGHTS

HUMAN RIGHTS

Basic and fundamental rights, in which the government can´t interfere.

GENOCIDE

GENOCIDE

The deliberate and systematic killing of a nation, racial, political, or cultural group.

DIRTY WAR

DIRTY WAR

The process of reorganization, was a period of terrorism in Argentina.

COLD WAR

COLD WAR

Such rivalry after World War II between the Soviet Union and the U.S., and their allies.

SOCIETY

SOCIETY

A highly structured system of human organization for a large-scale community.

CIVIL SOCIETY

CIVIL SOCIETY

The elements such as freedom of speech, an independent judiciary, etc, that make up a democratic society.

DICTATORSHIP

DICTATORSHIP

A country ruled by a dictator or in a dictatorial manner.

SUPPLY

SUPPLY

Schedule ofquantities offered for sale at all posible prices in a market.

DEMAND

DEMAND

Combination of desire, ability, and willingness to buy a product.

BREAK EVEN POINT

BREAK EVEN POINT

Production neededif the firm is to recover its costs; production level where total cost equalstotal revenue.

FACTORS OF PRODUCTION

FACTORS OF PRODUCTION

Productive resources that make up the four categories of land, capital, labor, and entrepreneurship.

ECONOMIC CYCLE

ECONOMIC CYCLE

The natural fluctuation ofthe economy between periods of expansion (growth) and contraction(recession).

WELFARE STATE

WELFARE STATE

Program whereby a governmentor private agency programs that provide general economic and social assistanceto needy individuals.

NEOLIBERALISM

NEOLIBERALISM

An approach to economicsand social studies in which control of economic factors is shifted from thepublic sector to the private sector. Drawing upon principles of neoclassical economics, neoliberalism suggests that governments reduce deficit spending, limit subsidies, reform tax law to broaden the tax base, remove fixed exchange rates, open up markets to trade by limiting protectionism, privatize state-run businesses, allow private property and backderegulation.

GLOBALIZATION

GLOBALIZATION

The tendency of investment funds and businesses to move beyond domestic andnational markets to other markets around the globe, thereby increasing theinterconnectedness of different markets. Globalization has had the effect ofmarkedly increasing not only international trade, but also cultural exchange.

REGIONALISM

REGIONALISM

Institutional arrangementsdesigned to facilitate the free flow of goods and services and to coordinateforeign economic policies between countries in the same geographicregion.

TRADE EMBARGO

TRADE EMBARGO

Prohibition on the exportor import of a product.

ECONOMIC INTEGRATION

ECONOMIC INTEGRATION

An economic arrangement between different regions marked by the reduction or elimination of trade barriers and the coordination of monetary and fiscal policies. The aim of economic integration is to reduce costs for both consumers and producers, as well as to increase trade between the countries taking part in the agreement.

FREE TRADE AGREEMENT

FREE TRADE AGREEMENT

Treaty (such as FTAA orNAFTA) between two or more countries to establish a free trade area where commerce ingoods and services can be conducted across their common borders, withouttariffs or hindrances but (in contrast to a common market) capital or labor maynot move freely.

QUOTA

QUOTA

Limit on the amount of agood that can be allowed into a country.

TARIFF

TARIFF

Tax placed on an imported product.

INFLATION RATE

INFLATION RATE

Is the rate at which the general levelof prices for goods and services is rising and, consequently, the purchasingpower of currency is falling.

GDP

GDP

It is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.

OVERPRODUCTION

OVERPRODUCTION

Excess of supply overdemand of products being offered to the market.