Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password

Your email address is only used to allow you to reset your password. See 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.

Question

efficiency
click to flip
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know

Question

goods
Remaining cards (11)
Know
0:00
edit
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

contecon1

QuestionAnswer
efficiency Use of resources in a way that minimizes output of goods and services.
goods Physical objects that can be exchanged.
trade-off All possible alternatives that are rejected when a choice is made.
scacity/shortage Limited quantities of resources to meet unlimited needs or desires.
services Actions or activities that one person performs for another.
opportunity cost Most desirable alternative given up when people chose one course or another
underutilization Use of fewer resources than the economy is capable of using.
labor Paid effort that people devote to a task.
factors of production labor, land and capital
production possibilities graph Representation of alternative ways to use the economy's resources.
production possibilities frontier The line that shows different production possibilities for an economy.
production possibilities graph Representation of the possible ways an economy could use resources.
Created by: salus
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards