Economist's and Economic Laws
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| Laws of Economics | show 🗑
|
||||
| show | The satisfaction of human wants always requires effort. Everything must be worked for.
🗑
|
||||
| Selected Principles of Economics #2 | show 🗑
|
||||
| show | When certain goods are very scarce or useful, they become more valuable in relation to other goods
🗑
|
||||
| Selected Principles of Economics #4 | show 🗑
|
||||
| Selected Principles of Economics #5 | show 🗑
|
||||
| Selected Principles of Economics #6 | show 🗑
|
||||
| Selected Principles of Economics #7 | show 🗑
|
||||
| Selected Principles of Economics #8 | show 🗑
|
||||
| Selected Principles of Economics #9 | show 🗑
|
||||
| Selected Principles of Economics #10 | show 🗑
|
||||
| Mercantilism | show 🗑
|
||||
| Trade Balance | show 🗑
|
||||
| Tariffs | show 🗑
|
||||
| show | The establishment of colonies and extensive territories created to benefit their mother countries. Mercantilism advocated imperialism
🗑
|
||||
| show | Some of the earliest influential advocates of "laissez-faire" economics, a French phrase meaning "let things alone". This doctrine says that a nation's economy is best left to itself and should not be stifled by government regulation
🗑
|
||||
| show | The theories developed by economists that stated that the free market was the best possible economic system. These theories came from the ideas of the Physiocrats
🗑
|
||||
| show | A nation's real wealth is determined by its store of precious metals(gold and silver)
🗑
|
||||
| show | A nation's real wealth is derived from the land and its natural resources
🗑
|
||||
| show | The importation of foreign goods should be limited through restrictions and high tariffs
🗑
|
||||
| Physiocrats Believe #2 | show 🗑
|
||||
| Mercantilists Believe #3 | show 🗑
|
||||
| show | Government should allow people to make their own choices because free labor is more productive than controlled labor
🗑
|
||||
| Mercantilists Believe #4 | show 🗑
|
||||
| show | Industries flourish best when allowed to make their own choices, free of governmental intervention
🗑
|
||||
| show | The founder of modern economics
🗑
|
||||
| show | The separation of work to be performed into individual tasks
🗑
|
||||
| Specialization | show 🗑
|
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.
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
Normal Size Small Size show me how
Created by:
TimHSEconomics
Popular Economics sets