Show:
Section 1
Section 2
Section 3
Quick Quizzes
Bonus
100
Scarcity
The fundamental economic problem of meeting people's virtually unlimited wants with scarce resources.
100
Goods
Tangible economic product that is useful, relatively scarce, and transferable to others.
100
Time
_____ also has an opportunity cost but you cannot put a monetary value on it.
100
Computer in a school that is used for education
Which of the following is a capital good? A Tv for sale in an appliance store, a computer that is used for recreation, a car that is driven by a family, or a computer in a school that is used for education.
100
JeopardyLabs.com
What site did we use to make this game?
200
Description, Analysis, Explanation, and Prediction
What are the four Scope of Economics?
200
Haircuts, home repairs, and forms of entertainment such as concerts.
What do services include?
200
Trade-Offs
Alternative that is available whenever a choice is to be made.
200
Utility, Scarcity
For something to have value, it must.. ?
200
Brooke
What is Mrs. Lubin's first name?
300
There Is No Such Thing As A Free Lunch
What does TINSTAAFL mean?
300
apparent contradiction between the high monetary value of a nonessential item and the low value of an essential item.
Explain The Paradox Value.
300
Cost-benefit analysis
Economist use a strategy called _____ to evaluate choices.
300
Become better citizens
The study of economics helps people to..?
300
Two
How many children does she have?
400
Need- basic requirement for survival, including food, clothing, and shelter. Want- something we would like to have but is not necessary for survival.
What is the difference between a need and a want.
400
Durable Good
good that last three years or more when used on a regular basics?
400
Trade-Offs and Opportunity
Economic choices involve _________ and the carful evaluation of _________.
400
Economic Interdependence
Mutual dependency of ones person's, firms, or regions economic activity on another's is?
400
50
How many questions are on your chapter test?
500
It deals with the behavior of people as they deal with this basic issue.
Why is economics considered to be a social science?
500
Consumers
______ are the people who use goods and services to satisfy, their wants and needs.
500
Lists alternatives and criteria to help evaluate choices.
Why are Decision-Making Grids so helpful?
500
What are the four factors of production? Also what are the three basic economic question.
Land,Capital, Labor, and Entrepreneurs WHAT to produce, HOW to produce, and For WHOM to produce
500
50 points test Grade
How many points is this project worth?