Economics
Help!
|
|
||||
|---|---|---|---|---|---|
| Economics | The social science that deals with the production, distribution and consumption of goods and services
🗑
|
||||
| Bartering | Exchange one good or service for another
🗑
|
||||
| Traditional | Based on culture and rituals
🗑
|
||||
| Command | Relies on government to make all economic decisions
🗑
|
||||
| Market | Consumer choices determines how industry and financial markets operate
🗑
|
||||
| Mixed | Limited government involvement while applying free market concepts
🗑
|
||||
| 3 questions answered | How to produce it? Whom to produce for? What to produce?
🗑
|
||||
| Capitailism | Economic system with private owners control the production
🗑
|
||||
| Supply | How much people have
🗑
|
||||
| Demand | What or how much people want
🗑
|
||||
| Specialization | Making a living doing what a person dose best
🗑
|
||||
| Human Capital | A supply of people who can produce goods and services
🗑
|
||||
| Capital Goods | Items that people need to perform their jobs
🗑
|
||||
| Natural Resources | Items that come from the world around us that we use for our own purposes
🗑
|
||||
| Entrepreneur | People with new ideas that are willing to take risks to start a business or make a product
🗑
|
||||
| GPD | The average annual income of a nation's citizens
🗑
|
||||
| Standard Of Living | Level of comfort in everyday life
🗑
|
||||
| Literacy Rate | The percent of people in a country who can read and write
🗑
|
||||
| Embargo | Bans on trading with another country for political reasons
🗑
|
||||
| Tariffs | A tax placed on a good(goods brought in from another country)
🗑
|
||||
| Quotas | Number limit on how many items of a particular product can be imported from a particular counrtry
🗑
|
||||
| Currency | Money
🗑
|
||||
| Exchange Rate | Converting one nation's money into an equal value of another nation's money
🗑
|
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.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
Aminah_R
Popular Economics sets