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29 Cards in this Set
- Front
- Back
REVOLUTION |
A complete overthrow and replacement of an established government by force. |
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WAR |
Armed conflict or fighting between nations or factions. |
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GUERRILLA |
Member of a band that is unofficial soldier that attacks enemy in small groups. |
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HOLOCAUST |
A great or complete destruction. |
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COMMUNISM |
A political doctrine or movement based on Marxism seeking the overthrow of capitalism and the creation of a classless society. |
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HUMAN RIGHTS |
Basic and fundamental rights, in which the government can´t interfere. |
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GENOCIDE |
The deliberate and systematic killing of a nation, racial, political, or cultural group. |
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DIRTY WAR |
The process of reorganization, was a period of terrorism in Argentina. |
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COLD WAR |
Such rivalry after World War II between the Soviet Union and the U.S., and their allies. |
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SOCIETY |
A highly structured system of human organization for a large-scale community. |
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CIVIL SOCIETY |
The elements such as freedom of speech, an independent judiciary, etc, that make up a democratic society. |
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DICTATORSHIP |
A country ruled by a dictator or in a dictatorial manner. |
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SUPPLY |
Schedule ofquantities offered for sale at all posible prices in a market. |
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DEMAND |
Combination of desire, ability, and willingness to buy a product. |
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BREAK EVEN POINT |
Production neededif the firm is to recover its costs; production level where total cost equalstotal revenue. |
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FACTORS OF PRODUCTION |
Productive resources that make up the four categories of land, capital, labor, and entrepreneurship. |
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ECONOMIC CYCLE |
The natural fluctuation ofthe economy between periods of expansion (growth) and contraction(recession). |
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WELFARE STATE |
Program whereby a governmentor private agency programs that provide general economic and social assistanceto needy individuals. |
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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. |
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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. |
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REGIONALISM |
Institutional arrangementsdesigned to facilitate the free flow of goods and services and to coordinateforeign economic policies between countries in the same geographicregion. |
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TRADE EMBARGO |
Prohibition on the exportor import of a product. |
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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. |
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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. |
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QUOTA |
Limit on the amount of agood that can be allowed into a country. |
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TARIFF |
Tax placed on an imported product. |
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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. |
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GDP |
It is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. |
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OVERPRODUCTION |
Excess of supply overdemand of products being offered to the market. |