Download U.S. Government Unit 7: Economics Vocabulary

U.S. Government
Unit 7: Economics
Content Vocabulary Sheet: These are some of the terms we will be discussing in the Economics unit.
MACRO-ECONOMICS
business:
comparative advantage:
consumer:
consumer price index:
final institutions:
government:
gross domestic product (GDP):
interdependence:
multinational economic organization:
productive resources:
public policy:
specialization:
trade:
unemployment rate:
MICRO-ECONOMICS
budget:
circular flow model:
consumers:
controlled prices:
credit:
exchange rate:
Vocabulary
U.S. Government
flat tax:
goods:
inflation:
interest rates:
investments:
investors:
marginal benefit:
marginal cost:
philanthropy:
producers:
productive resource:
progressive tax:
proportional tax:
regressive tax:
savers:
savings:
services:
shortage:
supply and demand:
surplus:
workers:
Unit 7: Economics
Vocabulary