| A | B |
|---|
| nuclear family | Families made up of one or two parents and their children are the most comkmon type of family in the United States |
| cultures | Learned patterns of beliefs and behavior vary throughout the world. |
| extended family | Families made up of parents, children and other relatives and arfe most common in less developed countries. |
| idiom | Words and phrases with meaning different from their definition which can make learning another language a real challenge. |
| ethnocentrism | Many individuals and companies are guiltgy of placing tghe value of their culture abov e all other cultures |
| subculture | In every culture there are social groups withy a set of beliefs and behavior that differ from the larger culture. |
| verbal communication | The label on a package of breakfastg cereal is an example of exchanging information with words. |
| nonverbal communication | A firm handshake, direct eye contact and standing close to the person you are talking to is an example of exchanging information without words. |
| economics | The study of how societgies make choices among unlimited wants and needs.l |
| wants and needs | There is no limit to people's |
| scarcity | When people's wants and needs exceed available resources. |
| GNP | The total market value of all final goods and services produced by an economy in one year |
| choice | Selecting among restricted alternatives. |
| economic indicators | Measures of the strength and stability of a nation's economy. |
| comparative advantage | A country that produces goods and services at which itg is relatively most efficient. |
| opportunity costf | The value of tghe alternative thatg is now chosen. |
| production possibilities curve | A graphis illustration of the combinations of any two products that can be produced from a fixed amount of resources. |
| business cycle | A pattern of up-and-down motion in the total economic output of a nation.l |
| recession | When tghe contraction and trough period of a business cycle last for six months or more. |
| resources | Those things used to satisfy needs and wants. |
