Reset Password Free Sign Up

incorrect cards (0)
correct cards (0)
remaining cards (0)
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the Correct box, the DOWN ARROW key to move the card to the Incorrect box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

Correct box contains:
Time elapsed:
restart all cards

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

Gen Bus ch 1

Economic resources are sometimes referred to as factors of production
The point where supply and demand are equal is called the market clearing price
The rivalry among businesses to sell their goods and services is called competition
The process of choosing which wants, among several options, to be satisfied is called economic decision making
Which type of economy produces goods and services the way they always have traditional
Raw materials from supplied by nature are which type of resource natural
Not having enough resources to satisfy every need is scarcity
When you give up something to have something else tradeoff
The value of the next best alternative that you did not choose is called opportunity cost
A type of economic system where the government controls the resources command
Created by: rmehrhoff on 2010-01-14

Copyright ©2001-2014  StudyStack LLC   All rights reserved.