Stack #59126
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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| barter | trade of goods & services for other goods & services w/o the use of money
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| capital good | productive resource consisting of human made materials needed to produce goods and services; capital goods include buildings, machinery, equipment and tools
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| benefit | that which is received as an improvement or advantage as a result of a decision
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| cardinal directions | 4 main points of the compass (north, south, east, west)
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| flow resource | resource that is neither renewable nor nonrenewable, but must be used when or where it occurs (i.e. running water, wind, sunlight)
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| institutionalized racism | use of institutional policies, practices and/or procedures to withhold rights, privileges & opportunities from the race that is believed to be inferior
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| market economy | economic system in which decisions on productions & consumption are made by individuals acting as buyers & sellers
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| mixed economy | economic system that combines features of more than one of the traditional, command & market systems
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| intermediate directions | points that fall between north & east, north & west, south & east, south & west
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| opportunity cost | value of the next best alternative given up when a choice is made
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Created by:
mench
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