2.02 Key Terms CM

Extended period of negative economic activity; unemployment, declining income and production

One bound by legal agreement to work for another for a specific amount of time

Educational programs that specialize in the skilled trades, applied sciences, and career prep

A transformation that occurs within an economy that either increases, sustains, or depletes it

4 year college degree earned by completing undergraduate coursework

A relationship in which two or more things are mutual or complementary

The quality of being adequately or well qualified in a skill or ability

Economy composed of many ethnic, as well as socioeconomic and gender, groups

A document that gives proof and details of something such as personal status or authenticity

The process or state of changing to fit a new environment or different conditions

Post-secondary school with up to 2 year programs leading to diplomas and associate degrees

The natural fluctuation of the economy between periods of expansion and contraction

2 year college degree that can be transferred into a 4 year degree

A professional or industry certification proving a person's qualifications

The wealth and resources of a country or region, careful management of available resources

A test developed and maintained by the United States Department of Defense

Advising, Placement, and Retention System - a program that identifies skill levels of students

Involves students being enrolled in two separate, academically related institutions

Postgraduate academic degree awarded by universities, highest level of academic degree

Post-secondary institution offering a collection of degrees in one specific area