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MATCHING -Hilum

question 23

Multiple Choice

MATCHING

-Hilum

Understand the impact of unemployment and economic growth on an economy's production capabilities.
Differentiate between positive and normative statements and their roles in economics.
Recognize the difference between microeconomics and macroeconomics.
Understand the role of technological advances in economic growth and production.

Definitions:

Thermodynamics

The branch of physics that deals with the relationships and conversions between heat and other forms of energy.

Second Law

An ambiguous term that may refer to the second law of thermodynamics, which states that the entropy of an isolated system not in equilibrium almost always increases.

Thermodynamics

The branch of physics that deals with the relationships between heat and other forms of energy, and how they affect matter.

Potential Energy

The energy possessed by a body by virtue of its position relative to others, stresses within itself, electric charge, and other factors.

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