May 3
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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| Pricing | Free market mechanism that exchanges goods and services between buyers and sellers
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| Imediate Gratification | Considering only short-term satisfaction when making a choice
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| Incentives | Encouragement to purchase a good or use a service
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| Fixed Costs | Costs to business that stay the same as productivity changes
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| Variable Costs | Business costs that change as productivity changes
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| Total Costs | Sum of fixed costs and variable costs to a business
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| Marginal Costs | Economic cost of the producins the next unit of a good or service
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| Assembly Line | Method of mass production used in factories
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| Technologies | The application of science, especially to industrial or commercial objectives
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| Robotics | Advanced automation, using robots to perform work
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| Invention | A new, useful process, machine, improvement, that did not exist previously
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| Innovation | Inventions and technological advances that increase economic productivity
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| Mass Production | Making vast quantities of goods by using machiney and the division of labor
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| Agribuisness | Large-scale farming and sale of farm inputs such as seed and fertilizer by large corporations
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| Business Organizations | Four kinds of business enterprises
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| Specialization | The specific task and skills that an individual contributes to the division of labor
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| Human Capital | Skills, taining, and knowledge of workers
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| White Collar | People who typically work for management in offices
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| Blue Collar | People who do jobs that involve manual labor
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| Skilled Worker | A worker who has aquired special skills
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| Unskilled Workers | A worker who does not have special skills
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| Automation | Use of machinery instead of people to perform work
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| Capital Goods | Products used in further production, such as machinery and raw materials
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| Consumer Goods | Goods to satisfy people's wants and needs
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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:
Civics123
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