Economy
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 | the system of how money is made and used within a particular country
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| show | household, bank, private business, and government
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| What does the household sector do? | show 🗑
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| What does the private business sector do? | show 🗑
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| show | makes laws for all to follow and collects taxes
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| What does the bank sector do? | show 🗑
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| show | -Businesses get $ from households for goods and services
-Households earn income from businesses (for labor or work)
-$ put into education can contribute to household income or money made
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| What is the circular flow model? | show 🗑
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| show | A doctor keeps people healthy, People
can work and make money, People
can pay this person to keep them healthy
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| show | Buy- resources & Sell- goods and services
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| show | to determine what will be sold through their purchases
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| True or false: Public goods and services would not be available if individuals had to provide them. | show 🗑
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| show | Income and sales taxes
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| What do taxes affect? | show 🗑
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| Market Economy | show 🗑
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| show | Increase competition and profit
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| What are property rights? | show 🗑
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| What causes economic behavior to change? | show 🗑
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| What is a Capitalist System? | show 🗑
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| show | -someone willing to invest in an idea
-Someone good at selling ideas and goods to people
-Someone who comes up with new ideas for products or services
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| What are the characteristics of entrepreneurs? | show 🗑
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| How does competition effect pricing? | show 🗑
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| show | someone who comes up with new ideas for products and services
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| How do people earn income? | show 🗑
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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:
ckimbro27
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