Flashcards for Chapter 3 in the class Economics Book.
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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show | Household
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Their level of satisfaction or sense of well-being | show 🗑
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show | Firm
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the development of large-scale factory production | show 🗑
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guarantee individuals the right to use their resources as they choose or to change others for the use | show 🗑
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attempt to promote competition and reduce anti competitive behavior | show 🗑
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When it is cheaper for one more firm to serve the market then for two or more firms to do so | show 🗑
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uses taxing and public spending to influence national economic variables | show 🗑
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show | Monetary Policy
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both rival and exclusive | show 🗑
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non-rival in consumption | show 🗑
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show | Quasi-public goods
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goods that are rival but nonexclusive | show 🗑
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show | Negative Externalities
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show | Positive Externalities
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show | Median income
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show | Income-assistance programs
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programs designed to help make up for the lost income of people who worked but are now retired, temporarily unemployed, or unable to work because of disability | show 🗑
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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.
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.
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:
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