baby cakes
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 | Study of the choices people make to satisy their wants and needs.
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| show | A person who studys these economic choices
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| show | Is the study of the choices made by economic actors such as households companies and individual markets
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| show | Examines the behavior of entire economics
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| consumers bitch | show 🗑
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| Producers | show 🗑
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| show | Physical objetcs that can be purchased
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| show | Are actions or activites that are performed for a fee
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| Resources | show 🗑
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| Factor of production | show 🗑
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| show | Items provided by nature that can be used to produce goods and to provide services
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| Human resources | show 🗑
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| show | Manufactutred materials used to create products
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| Capital goods | show 🗑
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| show | The goods and services that some poeple buy
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| Technology | show 🗑
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| show | Combination of organnizational abilitys and risk taking involved in starting a new buisness or introducing a new product
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| show | Is the person who attempts to start a new buisness or introsuce a new productScx
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| show | Most basic problem of economics because it enforces people to make decisions about how to use resources effectively
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| Allocate | show 🗑
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| show | Is the level of output that results from A given level of input
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| show | Is the use of the smallest amount of resources to produce the greatest amount of output
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| show | A small number of tasks to each worker
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| Specialization | show 🗑
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| show | Economic terms to sacrifice
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| show | The value of the next best alternative that is given up to obtain a perfered item
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| Production possiblity ties curve | show 🗑
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| Exhcange | show 🗑
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| Barter | show 🗑
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| show | Any item that is readily accepted by people in return for goods and services
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| show | Third form of exhchange
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| show | Can be expressed as an amount of moeny of price
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| Utility | show 🗑
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| show | When they can fufill all of their needs without outside assistance
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| show | Means that events of developments in one reigon of the world or sector of the economy influences events or developments in other reigons or sectors
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Created by:
cakesfordays
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