Factors of Production & Economic Systems
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| show | The study of how people and countries make decisions about how to use their resources in the most efficient way
🗑
|
||||
| Goods | show 🗑
|
||||
| show | Work performed in exchange for money
Ex: car repair, hair cut
🗑
|
||||
| Human Capital | show 🗑
|
||||
| show | Any physical manufactured asset used in work; includes buildings, machinery, vehicles, and technology
🗑
|
||||
| show | A person who takes on the risk of owning and operating a business
🗑
|
||||
| Natural Resources | show 🗑
|
||||
| Production | show 🗑
|
||||
| Distribution | show 🗑
|
||||
| Consumption | show 🗑
|
||||
| GDP per capita | show 🗑
|
||||
| Gross Domestic Product | show 🗑
|
||||
| show | The increase in value in goods and services produced by an economy
🗑
|
||||
| show | Social roles and culture determine how goods are made, sold, and bought; based on customs that have been handed down for generations; children often do the same jobs as their parents; very few still around
🗑
|
||||
| show | An economy in which the government leaders give the answers to the three basic economic questions; communism/socialism; no incentives for workers or equal pay; production is low and quality of life is often poor
🗑
|
||||
| Barter | show 🗑
|
||||
| Market Economy | 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:
kishamoody
Popular Economics sets