Chapter 2
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| What are the three questions of production? | show 🗑
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| show | Consumers choose what is to be produced
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| show | Government uses central planning
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| What is market economy? | show 🗑
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| show | Mix of government and market economy
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| What is the best method of production? | show 🗑
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| show | Outer loop: Income flow
Inner loop: Goods and services flow
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| What is the production possibilities curve? | show 🗑
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| What is efficiency in economics? | show 🗑
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| show | - PPC bowed outwards from origin
- Opportunity cost increase with production
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| What is economic growth? | 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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Marlenathibeault
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