Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
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
Down in ohio
swag like ohio down in ohio swag like ohio down in ohio swag like ohio
| Question | Answer |
|---|---|
| aspirations | hopes or ambitions of achievement; goals. |
| budget | a plan for spending money |
| Capital resource | any good/resource used to make another |
| central | government owned/controlled |
| choice | selecting an item or action from a set of alternatives |
| competition | rivalry between producers of goods/services that create lower prices and better quality |
| Consumer sovereignty | consumers determine through purchases what good will be produced |
| contract | written or oral agreement enforceable by law |
| demand | amount of a good/service consumers are willing to buy at a certain price |
| economics | study of how things are made, bought, used, and sold |
| entrepreneurship | ownership of a new business |
| fiscal | relating to government revenue (esp. taxes) |
| guarantees | protection/promise of content quality (ie. money back) |
| Opportunity cost | what is given up when a choice is made |
| production | combining resources to make goods/services |
| Private sector | he part of the economy not under government control (ie business and private property) |
| profit | earnings after all expenses have been paid |
| Public sector | the part of the economy under government control (ie. roads, schools, military) |
| resources | factors of production used to make goods/services (things used to make stuff) |
| scarcity | the inability to satisfy all wants at the same time |
Created by:
1319960
Popular American Government sets