JA Economics Chp. 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 | Adam Smith
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| show | Benefits
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| The buildings, tools, and machines people create and use to produce final goods and services. | show 🗑
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| Latin for “all else being equal”; a fundamental assumption in many economic models | show 🗑
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| show | Consumption
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| The losses that result when a choice is made. | show 🗑
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| show | disincentive
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| show | distribution
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| A social science that studies how people decide to use scarce resources to satisfy their wants. | show 🗑
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| show | Entrepreneurship
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| The land, labor, and capital resources used to produce goods and services. | show 🗑
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| show | incentive
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| The physical and mental efforts people use to create goods and services. | show 🗑
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| show | land
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| show | macroeconomics
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| The extra or additional costs or benefits of a decision. | show 🗑
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| show | market
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| An economy that relies on voluntary trade as the primary means of organizing and coordinating production. | show 🗑
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| show | microeconomics
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| show | opportunity cost
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| show | production
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| show | profit
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| show | public property
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| Exchanging something for something else. | 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:
pinetreeacademy
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