Important Economic Vocabulary
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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| Scarcity | show 🗑
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| show | A compromise to give up one thing in order to get another
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| show | Distribute or give out
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| show | When an area makes only a few goods that they have the best resources to make
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| Literacy Rate | show 🗑
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| show | How long someone is predicted to live
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| Imports | show 🗑
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| show | Goods that a country sells and ships OUT
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| Gross Domestic Product | show 🗑
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| Supply | show 🗑
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| Demand | show 🗑
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| Refinery | show 🗑
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| show | When two or more sellers sell the same good or service
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| Price | show 🗑
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| Market | show 🗑
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| show | Type of economy in which the government makes all decisions about production.
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| Productive Resources | 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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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:
Deaver
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