Chapters 1-4
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| show | the policies are consistent with economic incentives.
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| show | the study of the choices people make to attain their goals, given their scarce resources.
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| Marginal | show 🗑
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| Market | show 🗑
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| Scarcity | show 🗑
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| Centrally planned economy | show 🗑
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| show | decisions of households and firms interacting in markets allocate economic resources.
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| show | the fair distribution of economic benefits
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| show | an economy in which most economic decisions result from the interaction of buyers and sellers in markets but in which the government plays a significant role in the allocation of resources.
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| Opportunity cost | show 🗑
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| show | Who decides what goods and services will be produced.
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| Positive analysis | show 🗑
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| Normative analysis | show 🗑
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| Macroeconomics | show 🗑
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| show | The study of how households and firms make choices, how they interact in markets, and how the government attempts to influence their choices.
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| Production Possibilities Frontier (PPF) | show 🗑
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| show | basis for trade
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| Household | show 🗑
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| show | suppliers of goods and services
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| show | someone who operates a business, bringing together the factors of production--labor, capital, and natural resources--to produce goods and services.
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| Free market exists | show 🗑
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| Property rights | show 🗑
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| show | all else equal
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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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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:
jae.moore124
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