Strand 1 Economics
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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| show | All the natural resources found on the planet
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| show | The physical effort we put into producing goods or services
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| Capital | show 🗑
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| Physical Capital | show 🗑
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| show | Humans with the knowledge and skills needed
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| Entrepreneurship | show 🗑
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| Market Economy | show 🗑
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| Command Economy | show 🗑
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| show | An economic system combining private and public enterprise
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| show | Large-scale or general economic factors, such as interest rates and national productivity
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| Rival Goods | show 🗑
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| show | Consumption of goods does NOT limit the ability of others to consume it
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| Non-Excludable | show 🗑
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| Excludable | show 🗑
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| show | The things you give up for the things you want
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| Scarcity | show 🗑
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| show | How well something satisfies a person's wants or needs
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| show | Part of the economics concerned with the effects of single entity and individual decisions
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| Capitalism | show 🗑
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| Laissez-Faire | show 🗑
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| Social Market | show 🗑
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| show | An economic ideology which corrects its excesses by applying various measures which help protect the country’s social well-being
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| Socialism | show 🗑
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| show | A political philosophy/movement/regime that exalts nation and often race above the individual; stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition
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| show | A political/economic ideology that positions itself in opposition to liberal democracy and capitalism, advocating instead for a classless system where the means of production are owned communally and private property is nonexistent or severely curtailed
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| show | A system where goods production and distribution are driven by time-honored beliefs, customs, culture, and traditions
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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.
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.
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Created by:
Aaron C
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