MicroEconomics
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| show | A visual model of the economy that shows how dollars flow through markets among households and firms
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| Production Possibilities Frontier | show 🗑
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| show | The Economy is getting all it can; from the scarce resources available; the only way to produce less of the other good
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| show | Points "Inside" production possibilities frontier
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| show | Give up producing the other good;slope of the production possibilities
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| show | The study of how households and firms makes decisions; and how they interact in markets
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| Macroeconomics | show 🗑
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| show | Firms and households
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| show | For gods and services
For factors of production
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| Firms | show 🗑
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| show | Own factors of production
Consume goods and services
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| show | Firms – sellers
Households – buyers
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| show | Firms – buyers
Households - sellers
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| Production possibilities frontier | show 🗑
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| Efficient Levels Of Production | show 🗑
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| show | Points inside production possibilities frontier
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| Opportunity cost of producing one good | show 🗑
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| Positive Statements | show 🗑
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| show | Claims that attempt to prescribe how the world should be; more of an opinion
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
robtyson26
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