Grade 8ABCDEFG
Help!
|
|
||||
|---|---|---|---|---|---|
| NEED | show 🗑
|
||||
| WANT | show 🗑
|
||||
| OPPORTUNITY COST | show 🗑
|
||||
| show | a social science which studies the allocation of scarce resources which have alternative uses
🗑
|
||||
| show | where the government makes the decisions on goods and services to be produced e.g. Cuba and North Korea
🗑
|
||||
| MIX ECONOMY | show 🗑
|
||||
| MICROECONOMICS | show 🗑
|
||||
| MACROECONOMICS | show 🗑
|
||||
| SCARCITY | show 🗑
|
||||
| show | an economy in which the decisions of households and firms interacting in markets allocate economic resources. Only really exists in theory, however the USA comes close.
🗑
|
||||
| GOODS | show 🗑
|
||||
| show | Actions or activities that one person performs for another
🗑
|
||||
| show | An alternative choice that we sacrifice when we make a decision
🗑
|
||||
| TRADITIONAL ECONOMY | show 🗑
|
||||
| show | the number of units of goods a consumer will buy at various price
🗑
|
||||
| show | states that an increase in price leads to a decrease in quantity demanded
🗑
|
||||
| show | refers to the quantity of a good that firms are willing to make available at various prices over a particular period of time.
🗑
|
||||
| show | At low prices the quantity supplied is low whereas at high prices the quantity supplied will be high
🗑
|
||||
| show | An economic and political system in which a country's trade and industry are controlled by private owners for profit.
🗑
|
||||
| show | A political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
🗑
|
||||
| show | opposition to liberal democracy and capitalism, advocating instead for a classless system in which the means of production are owned communally and private property is nonexistent or severely curtailed.
🗑
|
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:
lorentiusokyp
Popular Economics sets