Save
Upgrade to remove ads
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


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. 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.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
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

economics words

QuestionAnswer
Barter Trading goods and services among people and places.
Money A medium of exchange. Something you can use for trade.
Credit A trust between people or a pledge to pay later.
Stock Buying shares in a company in exchange for a return of profit.
Incorporate Selling shares of a business.
Consumer Individuals or institutions which buy and use resources, good an services
Producers Individuals of institutions which use the resources of land, labor, capital, and time to manufacture goods and services.
Financial Institutions Institutions which collect savings and make loans on investments in economy.
Government Institutions which have a regulatory function. In executing this responsibility they also become consumer and producers.
Economics The science that deals with the production, distribution and use of goods, money, natural resources and services.
Scarcity A situation in which there is not enough of something.
Oppertunity Cost To choose one option over another given.
Supply The various amounts of goods and services
Demand The various amounts of goods or services
Inflation The relative purchasing power of the dollar As measured by a market basket of goods and services.
Deflation When prices Fall with no change in quantity or quality of goods.
Recession A reduction in business activity.
Traditional Economy (Oregano Islands) Includes a bartering system.
Market Economy (Mocha Island) Supply and demand determine price.
Command Economy (Caraway Island) government controls everything that will be produced, how it will be produced, and by whom.
Created by: mcmurphy
Popular English Vocabulary sets

 

 



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