May 25
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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| Security | Documents that record the loan to the firm or the ownership interest in the firm
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| Equity | Fairness and justice
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| Demand Curve/Schedule | Graph that shows the relationship between the demand for a good and its price
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| Supply Curve/Schedule | Relationship between the quantity of a good or service and its price
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| Personal Income | Individual earnings
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| Disposable Income | Income left over after necessities such as food and shelte have been paid for
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| Complimentary Goods | Goods that are used together
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| Substitute Goods | Good that can take the place of another good
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| Surplus | Having higher revenues than expedentures
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| Shortage | When there is not enough of a product or service
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| Consumer Tastes | Preferences of consumers
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| Minimum Wage | Government required floor on wages covering most but not all businesses
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| Inflation | Sharp rise in prices
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| Deflation | Decline in the prices of goods and services
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| Wage and Price Control | Government regulations about wages and prices in the market
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| Interest Rates | Percentage rate at which money is borrowed
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| Trickle-down effect | Theory that when big businesses get tax cuts, increased money for business investments go to the normal business cycle
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| Supply Side Economics | Economic school that emphasizes tax cuts and incentives for businesses
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| Buyers and Sellers | (blank)
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| Monopoly | Market with many buyers but only one seller
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| Oligopoly | Market with a small number of sellers
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| Competitive Market | Market where businesses compete actively for market share
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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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