What are the tools of economics?
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| What are statistics? | the data that describes economic variables; also the techniques of analyzing, interpreting, and presenting data
🗑
|
||||
| Define institutions? | decision-making units, established practices, or laws exp. Banking system, labor unions, legal principle of private property ownership etc.
🗑
|
||||
| What is another helpful economic tool? | History or economic history
🗑
|
||||
| What are important organizations customs, or patterns of behavior in a society? | Institutions
🗑
|
||||
| What is an economic concept? | a word or phrase that conveys an economic idea
🗑
|
||||
| What is the most important theoretical tool of economics? | Economic Models
🗑
|
||||
| What is an economic model? | a simplified representation of the cause-and-effect relationships in a particular situation. Models may be in verbal, graphic, or equation form.
🗑
|
||||
| What is a variable? | a quantity- such as number of workers, amount of carbon dioxide, or interest rate- whose values changes in relationship to changers in the values of other associated items.
🗑
|
||||
| What type of models do economist often test their hypotheses with? | Mathematical, graphs, or stated in words
🗑
|
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.
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
Normal Size Small Size show me how
Created by:
Selynra
Popular Miscellaneous sets