May 18
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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| Producer Price Index | Monthly reports on the costs of production to producers
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| Law of Diminishing Returns | Economic law that says at some point increasing one factor of production only will decrease productivity
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| Recycling | the reusing of old materials to make new ones
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| Education and Training | Chief way to develop human capital
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| Market | getting goods to consumers who want them
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| Laissiz-faire | Economic philosophy that the government should not regulate the economy
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| Invisible Hand | (blank)
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| Competition | The struggle that goes on between buyers and sellers to get the best products at the lowest prices
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| Cooperation | an organization formed to share business costs or to buy and sell goods at the lowest possible price
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| Consumer Severeignty | Belief that the demand of consumers drives the economy
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| Profit Motive | Reason people go into business, to make money
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| Exchange | Price at which one country's money is exchanged for another county's mother
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| Communist Manifesto | Capsule statement of the philosophy of communism, written by Karl Marx and Friedrich Engles
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| Wealth of Nations | Adam Smith's classic 1776 statement of the virutes of a free-market economy
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| Keynesian Theory | Economic view that government involvement is necessary to promote economic growth and stability
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| Market Economy | Economy that runs of the free enteprise system
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| Mixed Economy | Economy that uses both free-market and command elements
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| Command Economy | Economy that is organized and operated by the government
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| Traditional Economy | Economy in which economic decision repeat the decisions made in the past
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| Parents | (blank)
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| Copyrights | Legal protection for written or other creative work
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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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