Economics Unit 1
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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| show | something essential for survival
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| want | show 🗑
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| show | the physical objects that someone produces
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| services | show 🗑
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| show | the principle that limited amounts of goods and services are available to meet unlimited wants
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| show | the study of how people seek to satisfy their needs and wants by making choices
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| show | a situation in which consumers want more of a good or services than producers are willing to make available at a particular price
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| entrepreneur | show 🗑
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| show | the resources that are used to make goods and services
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| show | all natural resources used to produce goods and services
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| show | all natural resources used to produce goods and services
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| labor | show 🗑
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| capital | show 🗑
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| show | the human-made objects used to create other goods and services
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| show | the knowledge and skills a worker gains through education and experience
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| trade-off | show 🗑
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| show | the government decision to produce more military goods or consumer goods
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| show | the most desirable alternative given up as the result of a decision
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| thinking at the margin | show 🗑
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| show | a decision-making process in which you compare what you will sacrifice and gain by a specific action
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| marginal cost | show 🗑
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| marginal benefit | show 🗑
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| production possibilities curve | show 🗑
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| show | a line on a production possibilities curve that shows the maximum possible outcome an economy can produce
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| show | the use of resources in such a way as to maximize the output of goods and services
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| underutilization | show 🗑
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| law of increasing costs | show 🗑
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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.
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.
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:
JAveryUC
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