Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
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

Community/ Economy

Lesson 2 and 3

TermDefinition
Opportunity cost The value of the next best alternative that is given up when a choice is made.
Producer A person who creates or supplies goods or services.
Product A good produced and offered for sale.
Profit The money that is left over after a business pays all its costs.
Prototype A model or sample of a product to be produced.
Scarcity A situation in which people cannot have everything they want because of limited resources.
Democracy A form of government in which ultimate power lies with the people, who exercise that power directly or through elected representatives.
Foundation A nonprofit organization supported by donated funds whose purpose is giving money for charitable causes.
Gross pay The amount of money an employee earns before any taxes or other deductions are subtracted.
Net pay The amount of money an employee receives after taxes and other deductions are taken from a paycheck.
Nonprofit organization An organization developed to increase the well-being of others in certain areas, such as education, religion, health, and other good causes.
Philanthropy The effort to increase the well-being of people through charitable giving.
Private goods and services Merchandise and skills offered in markets for a price.
Public goods and services Goods and services provided by a government for the use of all people.
Taxes Payments that citizens and businesses are required to make to a government to pay for public goods and services.
Created by: hewittl
Popular Finance sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards