Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
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

FinancialLiteracy1-3

TermDefinition
Human resources are people who work to produce goods and services in the economy.
Salary/wages is payment received for providing human resources.
Goods are things people use to satisfy economic wants. .
Services are activities that people do for others.
Income is payment that people receive for providing resources in the economy.
Human capital is the skills, talent, and education that people possess.
Investing in human capital is improving human capital through education, practice, and on the job training.
Entrepreneurs are people who organize other productive resources to make goods and services.(business owners)
Opportunity recognition is noticing that there are goods and services that aren’t being provided that are wanted.
Profit is the income earned by the entrepreneur.
Revenue is the amount businesses receive from consumers for goods and services.
Cost of production are payments for use of resources.
Taxes are required payments that citizens make to their government.
tax money government uses it to provide goods and services for its citizens.
Sales taxes are required payments made to local and state governments when goods and services are purchased.
Property taxes are required payments to state and local governments made on the assessed value of property owned.
Income taxes are payments made to federal, state and local governments based on income earned.
Gross income is the amount someone earns before any taxes are subtracted.
Net income is the amount of income left after taxes are subtracted.
Created by: SKCropper
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards