Academic Team Math
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| "Economics" what is economics commonly described as | "the science of how people make a living."
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| This is the simplest yardstick of economic performance. If one person, firm or country can produce more of something with the same amount of effort and resources, they have an absolute advantage over other producers. | Absolute advantage
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| A theory of how people form their views about the future that assumes they do so using past trends and the errors in their own earlier predictions. Contrast with rational expectations. |
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| When you do business with people you would be better off avoiding. | Adverse selection
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| These can arise when somebody (the principal) hires somebody else (the agent) to carry out a task and the interests of the agent conflict with the interests of the principal. | Agency costs
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| Farming around the world continues to become more productive while generally accounting for a smaller share of employment and national income | Agriculture
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| The running down or payment of a loan by instalments | Amortisation
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| The colourful name that keynes gave to one of the essential ingredients of economic prosperity: confidence | Animal spirits
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| to stop abuses of market power by big companies | Anti Trust
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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:
1415charlesclark
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