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Chapter 1

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
show Anything that people use to make thing or to do work  
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show Work  
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Capital   show
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show a raw material found on earth such as water minerals land and forests  
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Economics   show
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Choice   show
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Needs   show
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Wants   show
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Good   show
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show to turn materials into products people use every day  
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show work done for other people for a fee  
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show a problem in with wants are greater than what is available  
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Trade off   show
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Opportunity   show
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show the cost of choosing one choice over another  
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show all combinations of goods and services that can be produced from a fixed amount of resources in a given period of time  
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show resources that are used to make goods and services  
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Entrepreneurship   show
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show the person who runs a business or some part of it  
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Productivity   show
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Division of labor   show
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show when a person, country, or region works on making one part of an item  
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Assembly line   show
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show the use of science to create new products or make old ones better  
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Database   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.
 
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Created by: mtrampf
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