review for final
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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| Factors of Production | show 🗑
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| show | the non man-made materials (natural resources) used to make a product or provide a service.
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| labor | show 🗑
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| show | man made items like tools and factories used to produce a good or service.
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| PRODUCTION TO CONSUMPTION | show 🗑
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| wants | show 🗑
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| show | the combination of the land, labor, and capital to make a good or provide a service.
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| distribution | show 🗑
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| show | the act of using a good or product. satisfaction may only be temporary.
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| show |
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| benefits | show 🗑
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| scarcity | show 🗑
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| show | the most important benefit that you give up because you chose something else.
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| show |
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| traditional | show 🗑
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| show | you have little say in economic decisions. you will do as you are told and you will like it or else! the government or central authority controls the F.O.P.
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| market | show 🗑
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| mixed | show 🗑
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| show |
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| weakness of bartering | show 🗑
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| $ as a medium of exchange (F) | show 🗑
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| $ as a standard of value (F) | show 🗑
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| $ as a store of value (F) | show 🗑
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| show | everyone is willing to take money in exchange for goods and services because they too will be able to use it or save it.
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| show | makes it easy to establish prices, keep track of value, profits an losses.
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| $ is durable (C) | show 🗑
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| show | it is easy to carry and use.
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| $ is cheap to produce (C) | show 🗑
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| $ is easily controlled (C) | show 🗑
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| value of currency | show 🗑
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| show |
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| supply | show 🗑
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| law of supply | show 🗑
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| demand | show 🗑
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| show | as prices go down, supply goes up. as prices go up, demand goes down.
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| market price (equilibrium) | show 🗑
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| ADVERTISING | show 🗑
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| persuasive | show 🗑
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| show | provides the customer with hard data about the mature and function of the product
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| show | attacking the competition becomes central
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| bandwagon | show 🗑
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| scare tactics | show 🗑
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| show | stressing that things that were better in the past is the key
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| high brow | show 🗑
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| humorous | show 🗑
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| show | legitimate science is used to impress the consumer
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| testimonials | show 🗑
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| A.I.D.A | show 🗑
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| show | words or phrases we associate with a specific product. slogans effective in print, on billboards, on the internet and TV
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| show | catchy phrases set to music and sung. this only works if you can hear it, so its most effective on TV, radio, and the internet
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| trademarks | show 🗑
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| show |
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| show | the total, final value of products created within the boarders of a nation in a year
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| gross national product (GNP) | show 🗑
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| economic growth | show 🗑
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| inflation | show 🗑
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| deflation | show 🗑
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| GDP per capita | show 🗑
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| show | represents the value of nationality's final output of good sand services in a year, divided by its population. it reflects the average income of a country's citizens if GNP were divided equally
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| recession | show 🗑
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| AMENDMENTS | show 🗑
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| 13 | show 🗑
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| show | no state may deny citizens' rights
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| show | black men given the right to vote
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| show | income tax allowed
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| show | prohibition
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| show | women given the right to vote
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| 21 | show 🗑
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| 22 | show 🗑
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| 24 | show 🗑
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| show | presidential succession defined
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| 26 | show 🗑
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| 27 | 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:
beccagens99
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