VOCABULARY

Economics

QUIZ Thursday, May 23rd

1. export- to sell goods or services TO people in other countries

2. wages- the money paid to workers for the work that they do

3. profit- the amount of money that is left over after all the overhead has been paid

4. supply- the amount of goods available to the consumer

5. demand- how much consumers want a good

6. scarcity- a very low supply of a good

7. bartering- to trade goods or services for something other than money

8. producer- someone who makes/sells a good or provides a service

9. consumer- someone who buys a good or a service

10. human resources- the workers and people who are needed to make a good or provide a service

11. natural resources- raw materials that come from the earth

12. capital resources- things such as equipment, machines, and money that help workers make goods or provide services

13. overhead- the money needed to run a business

14. import- to buy goods or services FROM sellers in other countries

RESTART VOCABULARY

QUIZ #1-15 on Thursday, April 25th

1. resignation- n. the feeling that something unpleasant is going to happen and cannot be changed.

2. archenemy- n. someone's main enemy

3. squander- to use something in a foolish or wasteful way

4. volley- a lot of comments or questions that are directed at a person very quickly

5. stickler- n. a person who believes that something is very important and should be done all the time

6. reprieve- a period of relief from pain or trouble

7. dubious- unsure or uncertain; feeling doubt about something

8. diatribe- an angry and usually long speech or writing that strongly criticizes someone or something

9. solemnity- the quality of being formal or serious

10. annihilate- to defeat someone completely

11. gung ho- extremely excited or enthusiastic about doing something

12. deja vu- something that has happened many times before; familiar

13. morph- to change gradually and completely from one thing into another thing usually in a way that is surprising

14. finesse- skill and cleverness that is shown in the way someone deals with a situation or problem

15. oblivious- not conscious or aware of someone or something