Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


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
remaining cards
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:
restart all cards
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


Economics Flashcards

What is scarcity An inadequate supply of resources (not enough).
What are goods? Things or items we use that are produced.
What are services? A job done for someone else.
What does the word economy mean? The careful management of producing, distributing, and consuming wealth and resources.
What are natural resources? Resources that are found in the environment.
What is a market? Anywhere goods are sold or traded.
What are capital resources? Goods used to make other goods or provide a service.
What are wages? An amount paid to an individual for services provided.
What is a consumer? ANYONE who uses goods and services.
What are labor resources? People who work.
What is an economic system? A system of organizing wealth and resources.
What is a Traditional Economy? Decisions are made based on how things have been done in the past.
What is a Command Economy? The government makes the economic decisions and owns most of the property.
What is a Market Economy? Resources are owned by private citizens and economic answers come from the citizens in the economy.
What are productive resources? Term that refers to natural resources, labor/human resources, and capital resources.
What are renewable resources? Resources that can be replenished naturally.
What are non-renewable resources? Resources that can be depleted from the environment.
What are other names for market economy? Capitalism, free-market system. laissez-faire.
Name a "Greenhouse Gas" carbon dioxide
Name a "Greenhouse Gas" methane
What type of resource can be replenished quickly and easily? renewable
What type of resource cannot be replenished quickly or easily? non-renewable
Created by: plosasso1