Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

5. Economics

Economics

QuestionAnswer
Economics The study of choice making concerning spending, producing, and saving; MONEY MATTERS
Scarcity Not as many goods available as people would like
Goods Things made by people or found in nature
Services Work that does not result in something that you can touch or hold
Choice A decision about something
Consumer One who buys
Supply Amount of something, and the willingness or ability to sell certain goods or services
Needs Something that is necessary for humans to live a healthy life
Competition Rivalry or challenge between businesses
Profit The EXTRA money a business keeps AFTER paying its costs
Interdependence The dependence on others for goods or services. At least two parties relying on each other
Raw Material Natural resources from which useful things can be produced
Renewable Resources A natural resource which can be replaces by man or nature (tree, water)
Non-Renewable Resources A natural resource which cannot be replaced (oil, coal)
Demand The willingness to buy certain goods or services
Price The amount that a good or service costs
Import To bring something INTO the country
Export To send something OUT of the country
Wages Payment received for work or services (usually based on an hourly payment)
Natural Resource Things that come from the Earth
Tariff A tax on imported goods
Income The amount of money one earns from his/her job
Created by: cregan05
Popular Economics sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards