introduction to economics
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 | how people with limited income decides on what they spend their money on
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| show | land, labour, capital and enterprise
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| show | natural resource e.g seas. income=rent
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| labour | show 🗑
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| capital | show 🗑
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| enterprise | show 🗑
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| show | how a country uses its factors of production to make goods
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| show | government makes all the decisions about the production of goods e.g past=china today=cuba
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| show | people can make all the decisions about the production of goods as long as they stick with the law e.g america
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| mixed economy | show 🗑
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| show | gross national product
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| show | the change in GNP in a country within a year
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| show | change in production multiplied by 100
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production in year 1 1
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| benefits of economic growth | show 🗑
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| how to achieve positive economic growth | show 🗑
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| inflation | show 🗑
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| show | increase in cost of living multiplied by 100
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cost of living in year 1 1
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| CPI | show 🗑
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| causes of inflation | show 🗑
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| show | loss of jobs, goods harder to sell abroad
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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.
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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:
paulinebiron
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