Global Economic Issues
Assignment #2
1. Have you ordered/received your copy of the Robert Chapman book yet?
Yes
2. Define "economics."
How a society produces, distributes, and consumes goods and services
3. What are the four factors of production?
Land, labor, capital, and entrepreneurship
4. Define each of the following:
Epidemic: a widespread occurrence of an infectious disease in a community at a particular time
Pandemic: an outbreak of a pandemic disease that affects a whole country or the world
Endemic: (of a disease or condition) regularly found among particular people or in a certain area
Apocalypse: the complete final destruction of the world, as described in the biblical book of Revelation.
Or an event involving destruction or damage on an awesome or catastrophic scale.
