for unit test
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| show | Tangible economic product that is useful, relatively scarce, transferable to others; used to satisfy wants and needs
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| Economics | show 🗑
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| Need | show 🗑
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| Scarcity | show 🗑
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| Want | show 🗑
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| show | productive resources that make up the four categories of land, capital, labor, and entrepreneurship
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| show | natural resources or "gifts of nature" not created by human effort; one of four factors of production
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| show | tools, equipment, and factories used in the production of goods and services; one of four factors of production
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| show | people with all their abilities and efforts; one of the four factors of production, does not include the entrepreneur
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| Entrepreneur | show 🗑
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| Gross Domestic Product | show 🗑
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| show | work or labor preformed for someone; economic product that includes haircuts, home repairs, forms of entertainment
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| show | worth of a good or service as determined by the market
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| Paradox of Value | show 🗑
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| utility | show 🗑
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| wealth | show 🗑
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| Economic Growth | show 🗑
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| Productivity | show 🗑
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| human capital | show 🗑
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| show | division of work into a number of separate tasks to be preformed by different workers
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| show | the loss of the next best alternative use of money, time, or resources when one choice is made rather than another
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| show | simplified version of a complex concept or behavior expressed in the form of an equation, graph, or illustration
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| cost-benefit analysis | show 🗑
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| show | quality of life based on ownership of necessities and luxuries that make life easier
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| show | Kind of money where items of value are traded of other items of roughly the same value:
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| Representative | show 🗑
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| Fiat | show 🗑
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| 1900 | show 🗑
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| show | What is the produce? How to produce it? For whom to produce?
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| show | a persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency
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| show | GDP
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| show | GDP per capita
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| show | Real GDP
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| show | 3%
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| At 3% inflation prices double every... | show 🗑
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| show | There Is No Such Thing As A Free Lunch
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| Essay Question: One Paragraph (5-8 sentences) | 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.
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:
dosselaer
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