Richter-Economics-Final Exam Review
Help!
|
|
||||
|---|---|---|---|---|---|
| show | complements
🗑
|
||||
| goods that consumers demand more of when incomes increase | show 🗑
|
||||
| show | substitutes
🗑
|
||||
| show | inferior goods
🗑
|
||||
| a government payment that supports a business or market | show 🗑
|
||||
| a factor that can change | show 🗑
|
||||
| how much of a good is offered for sale at a specific price | show 🗑
|
||||
| a cost that does not change no matter how much is produced | show 🗑
|
||||
| point at which supply and demand come together | show 🗑
|
||||
| when quantity supplied exceeds quantity demanded | show 🗑
|
||||
| in a market with only one seller, that seller has a | show 🗑
|
||||
| What is the principle of the law of supply? | show 🗑
|
||||
| What does new technology generally do to production? | show 🗑
|
||||
| show | it had major shartages of many goods and services
🗑
|
||||
| the controller of a monopoly sets the price of goods by charging | show 🗑
|
||||
| show | economic system
🗑
|
||||
| show | profit
🗑
|
||||
| show | Adam Smith
🗑
|
||||
| show | standard of living
🗑
|
||||
| the amount of a product that a consumer is willing and able to buy at various prices during a given period | show 🗑
|
||||
| the amount of satisfaction that an individual receives from consuming a product is | show 🗑
|
||||
| item that can be purchases in place of another product when price increases | show 🗑
|
||||
| show | vertical
🗑
|
||||
| a business that is owned and controlled by one person | show 🗑
|
||||
| anything that a borrower has that guarantees that he will repay a loan | show 🗑
|
||||
| some decisions to produce goods and services generate unintended costs called | show 🗑
|
||||
| show | collateral
🗑
|
||||
| a business that is owned and controlled by two or more people is called a | show 🗑
|
||||
| a certificate of ownership | show 🗑
|
||||
| show | labor force
🗑
|
||||
| the lowest wage an employer can legally pay a worker is the going | show 🗑
|
||||
| show | labor union
🗑
|
||||
| show | dividends
🗑
|
||||
| sequential rise and fall of the economy | show 🗑
|
||||
| show | public good
🗑
|
||||
| show | transfer payment
🗑
|
||||
| food stamps, legal aid, and food giveaways are examples of | show 🗑
|
||||
| social security and medicare benefits are examples of | show 🗑
|
||||
| show | free rider
🗑
|
||||
| examples of public goods: | show 🗑
|
||||
| show | market failure
🗑
|
||||
| show | externality
🗑
|
||||
| an income level below that which is needed to support families is | show 🗑
|
||||
| things like health insurance, disability insurance, and medical benefits are examples of | show 🗑
|
||||
| economists define___as the "limited quantities to meet unlimited wants" | show 🗑
|
||||
| show | trade-offs
🗑
|
||||
| the term___refers to all natural resources that are used to produce goods and services | show 🗑
|
||||
| economists use the term___ when a country decides whether to use its resources to manufacture military equipment or consumer products | show 🗑
|
||||
| show | entreneupuer
🗑
|
||||
| the___of self-interest results when the consumer tries to get the most for his/her money while the producer tries to get the most money for his product or service | show 🗑
|
||||
| when one person willingly gives up money for a product and another willingly gives up a product for money, it is called a ___ | show 🗑
|
||||
| a demand curve goes form___ to ___ while a supply curve goes for ___ to ___ | show 🗑
|
||||
| show | feather bedding
🗑
|
||||
| show | glass ceiling
🗑
|
||||
| show | strike
🗑
|
||||
| show | learning effect
🗑
|
||||
| key economic questions that every society must answer | show 🗑
|
||||
| three factors of production | 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:
pennyboone
Popular American Government sets