"Ben's" Biztown 1
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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| Public Goods and Services | Goods and services paid for with taxes. Many people benefit from these even if they don't pay for them.
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| Private Goods and Services | Goods and services that are paid for by the people who are using them. Not paid for with taxes.
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| Taxes | Required payments to government. Used to pay for public goods and services.
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| Prototype | A model or sample of a product to be made or produced.
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| Scarcity | A situation where there is not enough of what people want.
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| Free Enterprise | A system in which economic decisions are made in markets by people and businesses, with little government influence.
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| Profit | The money that is left over after a business pays all its costs.
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| Citizen | A member of a town, city, county, state, or country.
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| Community | A place where people live, work, trade, and share.
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| Trade | Exchange goods and services - usually for money.
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| Business | A company that sells goods and/or services
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| Philanthropy | The effort to increase the well-being of people through charitable giving. This is a VERB.
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| Nonprofit Organizations | These organizations (businesses) help to increase the well-being of people, education, animals, health, religion and other good causes. Examples are animal shelters, Goodwill, schools. They don't make a profit.
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| Opportunity Cost | The value of the next best alternative that you give up when a choice is made.
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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:
pagelsdc
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