Belleville High School Economics Social Studies Starters Economics – Social Studies Starters Peremptory: not giving someone an opportunity to show why they should not comply. Week 1 Monday Economics – Social Studies Starters Tenacity: Persistent in maintaining, adhering to, or seeking something valued or desired Week 1 Tuesday Economics – Social Studies Starters Acute: Marked intellectual perception especially of subtle distinctions. Week 1 Wednesday Economics – Social Studies Starters Instill: To impart or teach gradually over a period of time Week 1 Thursday Economics – Social Studies Starters Yield: (in Econ) the amount of money that can be expected to be made from an investment. Week 1 Friday Economics – Social Studies Starters Anticipate: To give advance thought, discussion, or treatment Week 2 Monday Economics – Social Studies Starters Approximate: Located close together; nearly correct or exact Week 2 Tuesday Economics – Social Studies Starters Mediocre: Of moderate or low quality, value, ability, or performance Week 2 Wednesday Economics – Social Studies Starters Irascible: Marked by hot temper and easily provoked anger. Week 2 Thursday Economics – Social Studies Starters Travesty: To make a feeble or ridiculous imitation Week 2 Friday Incentives--Something that elicits a predictable behavior. Week 3 Monday Consumer--One that utilizes economic goods Week 3 Tuesday Factors of production--The resources people have for producing goods and services to satisfy their wants. Week 3 Wednesday PAGE 289 Distributor--One that markets a commodity; a wholesaler Week 3 Thursday Supply--The act or process of filling a want or need. Also: the amount of a good/service available. Week 3 Friday VOCAB LEGEND X = REDO W = Weak, wont happen again K = not the worst I have ever seen CHECK SYMBOL = good PERFECT = PERFECT Economics – Social Studies Starters Ostracize: To exile or exclude from a group by common consent Week 4 Monday Economics – Social Studies Starters Superfluous: Exceeding what is sufficient or necessary; not needed Week 4 Tuesday Economics – Social Studies Starters Opulent: Showing in great wealth. Amply or plentifully provided for. Having a large estate or property Week 4 Wednesday Economics – Social Studies Starters Repudiation: Refusing to have anything to do with; to reject as unauthorized or as having no binding force Week 4 Thursday Lucrative--Producing wealth; Profitable. Week 4 Friday Unit 2 Journal # 1 (goes in binder) Using complete sentences (at LEAST 5): What would YOU like to learn about in economics that will be useful to YOU? Obtuse--Lacking sharpness of sensibility or intellect; difficult to comprehend; not clear or precise in thought or expression Week 5 Monday Subservient--Useful in an inferior capacity; serving to promote some end, subordinate Week 5 Tuesday Staunch--To check or stop the flowing of; to stop up Week 5 Wednesday Conducive--Tending to promote or assist Week 5 Thursday Capitalism--An economic system characterized by private or corporate ownership of capital goods, by investments, prices, production, and distribution of goods Week 5 Friday Consumer--One that purchases and utilizes economic goods and services Week 6 Monday Census--A count of the population and a property evaluation; a periodic governmental count of population Week 6 Tuesday Factors of production--The resources people have for producing goods and services to satisfy their wants. Week 6 Wednesday Distributor--One that markets a commodity; a wholesaler Week 6 Thursday Distribution--To divide among several or many; the marketing or merchandising of commodities Week 6 Friday Corporation--A body formed and authorized by law to act as a single person although constituted by one or more persons. Week 7 Monday Costs--The amount or equivalent paid or charged for something; the outlay or expenditure made to achieve an object Week 7 Tuesday Deflation--A contraction in the volume of available money or credit that results in a general decline in prices Week 7 Wednesday Earning--To receive as return for work done or services rendered; to bring in by way of return Week 7 Thursday Excise tax--A charge on certain goods, such as alcoholic beverages, gasoline, and tobacco products. Week 7 Friday Incentives--Something that incites or has a tendency to incite a specific action Week 8 Monday Monetary policy--Regulation of the money supply by the Federal Reserve System Week 8 Tuesday Fees--A fixed charge; a sum paid or charged for a service Week 8 Wednesday Fiscal policy--A government’s decision about the amount of money it spends and the amount of money it collects in taxes. Week 8 Thursday Foreign policy--Plans for guiding military and economic help to other nations. Week 8 Friday Supply--The act or process of filling a want or need Week 9 Monday Imports--To bring from a foreign or external source; to bring merchandise into a place or country from another country. Week 9 Tuesday Demand--Willingness and ability to purchase a commodity or service; the quantity wanted at a specified price and time Week 9 Wednesday Investment--The outlay of money usually for income or profit; the sum invested or the property purchased Week 9 Thursday Market--The course of commercial activity by which the exchange of commodities is effected; the available supply of or potential demand for specified goods or services Week 9 Friday Surpluses--The amount that remains when use or need is satisfied; an excess of receipts over disbursements Week 10 Monday Income tax--A tax on the net income of an individual or a business Week 10 Tuesday Loss--Failure to gain, win, obtain, or utilize; When the cost of something exceeds its selling price Week 10 Wednesday Opportunity Cost--Benefit given up when scarce resources are used for one purpose instead of the next best purpose. Week 10 Thursday Ownership--The state, relation, or fact of having to hold as property; to have power or mastery over Week 10 Friday Price--Amount of money given or set as consideration for the sale of a specified thing Week 11 Monday Producers--one that grows agricultural products or manufactures materials into articles of use Week 11 Tuesday Profit--The excess of returns over expenditure in a transaction or series of transactions Week 11 Wednesday Property taxes--A tax on land or buildings Week 11 Thursday Rebate--A return of a part of a payment Week 11 Friday Sales tax--Tax levied on the sale of goods & services that is usually a percentage of the purchase price and collected by the seller Week 12 Monday Shortages--Lack or deficit Week 12 Tuesday Subsidy--A grant by a government to a private person or company to assist an enterprise deemed advantageous to the public Week 12 Wednesday Processes--A series of actions or operations conducing to an end; a continuous operation or treatment especially in manufacture Week 12 Thursday Big government – a negative term, used to describe government programs in areas where it is believed government should not be involved Week 12 Friday Authority – the power to enforce laws, exact obedience, command, determine, or judge; one that is invested with this power Week 13 Monday Bipartisan – a cooperative effort by two political parties Week 13 Tuesday Citizenship--The status of being a native or naturalized person who owes allegiance to a government and is entitled to protection from it Week 13 Wednesday City council--The legislative body of a city Week 13 Thursday Boom – a time of economic progress Week 13 Friday Week 14 Monday Candidate – a person seeking an office, prize, or honor County--The largest territorial division for local government within a state of the United States Week 14 Tuesday Brief – a condensation or an abstract of a larger document or series of documents Week 14 Wednesday Campaign – an organized effort to win an election; to strive for elected office Week 14 Thursday Caucus – an informal meeting of local party members to discuss candidates and choose delegates to the party’s convention Week 14 Friday Candidate – a person seeking an office, prize, or honor Week 15 Monday Caucus – an informal meeting of local party members to discuss candidates and choose delegates to the party’s convention Week 15 Tuesday Civil disobedience – refusal to obey civil laws in order to induce governmental change, characterized by nonviolence Week 15 Wednesday Civil liberties – fundamental individual rights, such as freedom of speech and religion, protected by law against unwarranted governmental or other interference Week 15 Thursday Coattails – the power of a popular candidate to gather support for other candidates in his or her party; winning candidates are said to have coattails when they drag candidates for lower office along with them to victory Week 15 Friday Commerce – the buying and selling of goods Week 16 Monday Common good – good for everyone Week 16 Tuesday Conflict – to be in opposition with someone or something. Week 16 Wednesday Constituency – the body of voters represented by a specific elected official Week 16 Thursday Covenant – a binding agreement Week 16 Friday