Key ideas review
Help!
|
|
||||
|---|---|---|---|---|---|
| show | A curve on a graph that illustrates the possible quantities of two products that can be produced if both depend on the same finite resources for their manufacture
🗑
|
||||
| show | Are achievable but don't make full use of the resources
🗑
|
||||
| show | Are unachievable because there aren't enough resources
🗑
|
||||
| What would cause the PPF to shift outwards? | show 🗑
|
||||
| show | An improvement or increase in the production of only ONE of the goods
🗑
|
||||
| Define absolute advantage | show 🗑
|
||||
| Define comparative advantage | show 🗑
|
||||
| What is the rule about comparative and absolute advantage? | show 🗑
|
||||
| show | The practice of spending all your resources on a particular good
🗑
|
||||
| What happens when you focus on producing the good for which you have comparative advantage? | show 🗑
|
||||
| show | The outcome that occurs when specialized producers exchange goods and services (When specialized producers trade they will always end up with a surplus)
🗑
|
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:
sarah.levitt7
Popular Economics sets