Final
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Scaricty | a condition ht results because wants are unlimited
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| opportunity cost | value of the next best alternitive given up for the alternative that was chosen
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| trade-offs | sacrifising one good/services to purchase a product
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| factors of production | land, labor, capital, entrepenureship that are used to produce goods/services
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| production possibilities curve | graph showing the maximum combinations of good and services that can be prodused from a fixed format of resources in a givin period time
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| traditional economy | system of which econmic decisions are based on customs and beliefs that have been handed down
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| command economy | system of which government controlls the factors and production and makes all decisions about their uses
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| mixed economy | a system combing characteristics and more then 1 type or economy where both controll production
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
BBB1994
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