Economics 2
Help!
|
|
||||
|---|---|---|---|---|---|
| show | Division of labor makes each worker more productive since they can each focus on the thing they do best. Without specialization, if you want something, you have to make it yourself.
🗑
|
||||
| Trade | show 🗑
|
||||
| What is the Production Possibilities Frontier (or PPF) Graph? | show 🗑
|
||||
| Specialization and Trade allows for: | show 🗑
|
||||
| Any combination of production of goods INSIDE the curve is... | show 🗑
|
||||
| Any combination of production of goods ON the curve is... | show 🗑
|
||||
| Any combination of production of goods OUTSIDE the curve is... | show 🗑
|
||||
| show | It forces nations to make economic choices and answer those three basic questions.
🗑
|
||||
| Economic System: Market Economy | show 🗑
|
||||
| Economic System: Planned Economy | show 🗑
|
||||
| show | Individuals own the factors of production, government adopts a "hands-off" approach, motivation to work and make money, government takes care of those who can't take care of themselves. Ex.) US, Japan
🗑
|
||||
| show | People are assigned jobs, Government determines education, housing is assigned by need. "The abolition of private property where there is a true classless society." Ex.) Cuba, China, North Korea
🗑
|
||||
| show | Government runs key industries but not all, free healthcare and education, which means higher taxes, on it's way to communism but still has some democratic policies. Ex.) Canada, Germany, Sweden
🗑
|
||||
| show | Cultural or religious practices and ideals passed through generations answer the basic questions or what, how, and for whom in this type of economy.
🗑
|
||||
| Example of a Mixed system | show 🗑
|
||||
| Japan has what type of economic system? | show 🗑
|
||||
| show | Planned
🗑
|
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:
battertonr
Popular Economics sets