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Economy

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Factors of Production (F.O.P.)   show
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Land   show
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Labor   show
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Capital   show
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Wants   show
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Production   show
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show The act of making a product or service available to people  
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show The act of using a good or product  
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show The positive aspects associated with a choice  
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show The absence of something that results from the conflict between unlimited wants and limited resources.  
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show The most important benefit that you give up because you choose something else.  
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show Everyone works for the good of everyone else  
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show You have little to say in economic decisions.  
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show People have a major say in economic decisions.  
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Mixed   show
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Supply   show
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show As prices go down, supply goes down. As prices rise, supply goes up.  
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show The amount of a product or service that costumers are willing to buy at different prices.  
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show As prices go down, the demand goes up. As prices go up, the demand goes down.  
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show The price at which buyers and sellers agree to trade.  
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Persuasive   show
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Informative   show
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Negativity   show
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show The focus becomes people's need to belong to a group.  
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Scare tactics   show
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show Stressing that things were better in the past is the key.  
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High brow   show
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Humorous   show
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Statistics   show
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Testimonials   show
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show The four goals of advertising  
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Slogans   show
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show Catchy phrases usually set to music or sung.  
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show A visual image associated with the product.  
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show The total, final value of products created within the boarders of a nation in a year.  
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Gross national product   show
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Economic growth   show
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show General rise in the price level of goods and services.  
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Deflation   show
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GDP per capita   show
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GNP per capita   show
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show Two quarters of negative economic growth or 6 months of negative economic growth.  
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show slavery abolished  
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show No state may deny citizens'rights  
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show Black men given the right to vote  
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show income tax allowed  
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show prohibition  
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19th amendment   show
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show Prohibition repealed  
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22nd amendment   show
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show poll tax outlawed  
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show Presidential success defined  
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26th amendment   show
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show Restrictions placed on Congressional pay raises  
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Created by: 18acolangelo
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