Module 1
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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| What is economics? | show 🗑
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| What is an entrepreneur? | show 🗑
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| What are the factors of production? | show 🗑
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| What is labor? | show 🗑
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| What is capital? | show 🗑
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| What is human capital? | show 🗑
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| show | Scarce resources
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| show | Scarcity
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| show | Scarcity
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| show | Guns v. Butter
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| What is the graph used to illustrate the impact of scarcity on an economy | show 🗑
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| What is opportunity cost? | show 🗑
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| In which economic system are clearly defined and enforced property rights essential? | show 🗑
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| show | Traditional Economy
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| In which type of economy system are all decisions made by the government? | show 🗑
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| show | Mixed Economy
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| In which economic system is there no private property rights? | show 🗑
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| show | What should be produced? How should it be produced? For whom should it be produced?
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| Which economist believed that if everyone did what was best for themselves (self-interest) everyone would be better off? | show 🗑
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| show | Karl Marx
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| Who wrote about population growth? | show 🗑
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| show | John Keynes
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| Who was philosophically opposed to John Keynes? | show 🗑
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| show | Key incentive which drives people to improve their material well-being
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| What is voluntary exchange? | show 🗑
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| Economists explain human behavior through... | show 🗑
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| show | Goal to maximum the use of resources and prevent waste
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| show | An economic system where the government plays a important role in the economy but markets and private property still exist but in a limited role
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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:
daniel.owen
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