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Introduction to Econ

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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Question
Answer
show Something like air, food, or shelter that is necessary for survival  
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Want   show
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show The study of how people seek to satisfy their needs and wants by making choices  
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show Physical objects such as clothes or shoes  
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show Actions or activities that one person performs for another  
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Scarcity   show
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Shortage   show
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Factors of production   show
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Land   show
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show The effort that people devote to a task for which they are paid  
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show Any human-made resource (money, tools, machines, vehicles) that is used to create other goods and services  
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Physical Capital   show
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show The skills and knowledge gained by workers through education and experience  
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show Ambitious individual who combines land, labor, and capital to create and market new goods and services  
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show An alternative choice that we sacrifice when we make a decision  
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show A phrase that refers to the trade-offs that nations face when choosing whether to produce more or less military goods or consumer goods  
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show The most desirable alternative given up as the result of a decision  
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Thinking at the margin   show
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Production possibilities curve   show
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show The line on a production possibilities graph that shows the maximum possible output  
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show Using materials & resources in such a way as to maximize the production of goods and services  
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show Using fewer resources than an economy is capable of using  
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Cost   show
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Law of increasing costs   show
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Incentive   show
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show The study of the choices that individuals and businesses make, the way these choices interact in markets, and the influence of governments  
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Macroeconomics   show
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Margin   show
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show The author of "The Wealth of Nations," considered the first book written on economics.  
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Laissez Faire   show
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Cluck   show
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show A __ is a now generalized term used as a synonym for a "noob" or "newb," which is someone who is bad at a video game or activity in general.  
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show An overused hiphop term that has been beat to death more than "Bling-Bling". It means to get crazy and drunk. The term lost it's "cool" factor like two years ago, but that doesn't stop wanna be gangstas from using the the term as much as possible.  
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show getting loose (just being wild)  
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show To rob or burglarize someone or something. Me and O.G. wanted to _ _ _ so we picked up some dudes and jack rolled them.  
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show The act of being too nice or too generous, because people will often take advantage of you. That boy is too __, he always gives me his snacks.  
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Debo   show
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corner store   show
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show A phrase trolls use to anger an already mad person even more.  
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troll   show
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show Paltry, insufficient, and laughable in effort  
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show A really annoying person that keeps killing you with a grenade launcher in Call of Duty  
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show Completely annihilated or dominated.  
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Really?   show
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show What one does when on Meth, Ice, or whatever you call Speed.  
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Created by: weakstick
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