Import (opposite of export) Human Development Index Free Trade Agreement Life Expectancy

1. 2. Economics Unit Vocabulary – Use the book or any online source that gives a good geographic definition. Import (opposite of export) Human Development Index Free Trade Agreement Life Expectancy Literacy Rate Arable Communism/Command p. 83 Transportation Hub/Break of Bulk center p. 88 Economic System p.91 Socialism (mixed eco) 91 Primary Activity p. 92 Secondary Activity p. 92 Tertiary Activity p. 92 Quaternary Activity p.92 Commercial Activity 92 Cottage Industry 74, 92 Per capita income p. 94 Infrastructure p. 94 GDP (Gross Domestic Product) p. 95 Infant Mortality Rate p. 79 Export p. 140 Free Enterprise/Free Market p. 140 Industrialization p. 304, 730 Cash Crop p. 433 Commodity p. 462 “One-commodity” economy p. 462 Strategic commodity p. 529 Subsistence Activity p. 714,

2. Free (‘cause I love you all…) Definitions(Thank you Mrs. Wurst) • Human Development IndexA summary composite index that measures a country's average achievements in three basic aspects of human development: longevity (LE), knowledge (Ed, LR), and a decent standard of living(GDP). Longevity is measured by life expectancy at birth; knowledge is measured by a combination of the adult literacy rate and the combined primary, secondary, and tertiary gross enrollment ratio; and standard of living is measured by GDP per capita. • Free Trade Agreement -(FTA) is a trade bloc/group whose member countries have signed an FTA, which eliminates tariffs, import quotas, and preferences on most (if not all) good and services traded between them. • Life Expectancy - # of years a person is expected to live (women tend to live longer than men) • Literacy Rate – the ability to read and write (usually at a 2nd -5th grade level) • Arable – land suitable for farming/agriculture