Culture, Society & Economics

Match the following

• unify

• The level of comfort enjoyed by a person or a society

• principles

• The beliefs, customs, practices, and behaviors of a particular nation or group of people

• standard of living

• The spread of cultural traits from one culture to another

• culture

• To bring different people or groups together

• cultural diffusion

• Basic value

Match the following

• culture

• A group of humans with a shared culture who have organized themselves to meet their basic needs

• social structure

• The beliefs, customs, practices, and behaviors of a particular nation or group of people

• social class

• A pattern of organized relationships among groups of people within a society

• society

• A group of people living in similar economic conditions

• standard of living

• The level of comfort enjoyed by a person or a society

Match the following

• tariff

• Exchange of goods and services in a market

• trade

• Tax on imports or exports

• free trade

• Coming from outside a country

• foreign

• Removal of trade barriers

• trade barrier

• Something that keeps goods and services from entering a country

Match the following

• developed country

• Country’s economic growth and quality of life

• developing country

• Country with a less-productive economy and a lower quality of life

• development

• Country with a strong economy and a high quality of life

• standard of living

• The level of comfort enjoyed by a person or a society

Match the following

• demand

• Study of how people meet their wants and needs

• consumer

• Desire for a particular good or service

• producer

• Person or business that makes and sells goods or services

• supply

• Amount of a good or service that is available for use

• economics

• Person or business that buys, or consumes, goods, or services

Match the following

• gross domestic product

• Total value of all goods and services produced in a country

• productivity

• A society’s ability to produce a product most efficiently given all the products it could produce

• opportunity cost

• Cost of what you have to give up when making a choice

• comparative advantage

• Amount of goods and services produced given the amount of resources used

• development

• Country’s economic growth and quality of life