JA Economics Chp. 1
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| show | Adam Smith
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| show | Benefits
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| show | Capital
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| Latin for “all else being equal”; a fundamental assumption in many economic models | show 🗑
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| The process of using a product or service. | show 🗑
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| The losses that result when a choice is made. | show 🗑
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| A negative or withdrawn reward. | show 🗑
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| The process of getting a product or service to consumers. | show 🗑
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| A social science that studies how people decide to use scarce resources to satisfy their wants. | show 🗑
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| The imagination, innovative thinking, and management skills needed to start and operate a business. | show 🗑
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| The land, labor, and capital resources used to produce goods and services. | show 🗑
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| show | incentive
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| show | labor
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| show | land
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| The study of the economy as a whole. | show 🗑
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| The extra or additional costs or benefits of a decision. | show 🗑
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| An arrangement that allows buyers and sellers to make exchanges. | show 🗑
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| An economy that relies on voluntary trade as the primary means of organizing and coordinating production. | show 🗑
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| show | microeconomics
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| show | opportunity cost
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| show | production
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| A positive difference between total sales and total costs. | show 🗑
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| show | public property
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| Exchanging something for something else. | 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.
To hide a column, click on the column name.
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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:
pinetreeacademy
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