Match each vocabulary term with the answer that best describes it by writing the letter of the correct answer next to its corresponding vocabulary term. pairs Hillary needs to buy an oven for her bakery. opportunity cost. This process continues as long as economic conditions are favorable for expansion. b. #2 Peak. In an economic context, which of the following accurately describe the term "velocity?" Place the descriptions below under a or b: a. accurate descriptions of velocity. According to the economist _____ 1.1 billion or nearly one-fifth of the people in the world are extremely poor, struggling to survive with an income of less than $1 a day. Jeffery Sachs The changing relationship between development and inequality is known as the work developed by economist _____________ Required: Match the terms with their respective definitions in the left column below. Put the following terms in order within the scenario. The economy then reaches a saturation point, or peak, which is the second stage of the business cycle. c. kazurialmazi kazurialmazi 01/08/2018 History College Match each economic scenario with the correct economic term. How quickly changes in the monetary policy make their way throughout the econonmy. Drag and drop the definitions and the countries to the correct economic system. Match each economic concept with the scenarios that illustrates it. Liability. Match the country with its type of economy North koreaX, ChinaO, South koreaO, JapanO, O = mixed economy X = command economy Select the boxes in the table to show whether each country has an autocratic or a democratic form of . Economy terms with their definitions. Match each term to its definition. Match each major factor responsible for recent increased federal spending to the correct trend description. She compares the prices, maintenance costs, and power consumption of three ovens. 1 See answer kazurialmazi is waiting for your help. Match each term with the correct definition. Balance Sheet-1.2.3. utility. Learn and know the meaning of these Economy terms by their definitions here at The Economic Times. Asset-1.2.3. The total of all accumulated and unpaid deficits Correct label: ... Place the spending categories in order by their percentage share, greatest to least, of the 2014 U.S. federal budget. How quickly money circulates around the economy Coca-Cola’s ____ includes its brand as a(n) ____ that increases the total value of the company, and its loan for new facilities as a(n) _____.-1.2.3. 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