Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read 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.
Don't know
Know
remaining cards
Save
0:01
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 "Know" box, the DOWN ARROW key to move the card to the "Don't know" 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!

"Know" box contains:
Time elapsed:
Retries:
restart all cards
share
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

Economic Terms

TermDefinition
Economic Wants Desires that can be satisfied by consuming goods and/or services;
Goods Things that people make or grow that satisfy economic wants
Opportunity Cost What is given up or lost when one option is chosen over the next best option
Economic Resources Things that can be used to produce a good or service
Human Resources People doing physical or mental work to produce goods or services
Natural Resources Gifts of nature that can be used to produce goods or services
Capital Resources Things made by people and used to produce other goods and services
Examples of Economic Wants food, safety, good health, entertainment and transportation
Examples of Human Resources farmers, carpenters, teachers - each with special skills, knowledge and experience
Examples of Capital Resources tools, roads, bridges
Economic Decision Making comparing the benefits of one choice to the benefits of the next best choice
Services Jobs/tasks performed that satisfy economic wants
Created by: mlnicolas