Show:
Vocabulary 1
Vocabulary 2
Lil bit o' everything
Random
Really Random
100
worth of a good or service as expressed in $$$$
What is value?
100
the location that allows buyers and sellers to deal readily in economic products.
What is the market?
100
how you express a need.
What is a want?
100
What are my two favorite colors?
What are blue and purple?
100
this is the number of children that I have.
What is 3?
200
basis for survival
What is a need?
200
food/clothes fall into this category.
What is a non-durable good?
200
people who use goods or services.
What are consumers?
200
an economy at it's production possibility frontier is operating at this.
What is it's full potential.
200
This is the city I live in.
What is Keokuk?
300
the efficient use of resources
What is productivity?
300
the condition that exists because society does not have enough resources to produce all the things people would like to have.
What is scarcity?
300
economics is defined as the way to satisfy people's unlimited _____ and _____ with _____ resources.
What are wants, needs, and scarce?
300
the money used to buy tools and equipment for production is known as this.
What is financial capital?
300
This is the best pro football team in the nation.
Who are the Green Bay Packers?
400
the capability to be useful to someone.
What is utility?
400
this item is supposed to last more than 3 years.
What is a durable good?
400
manufactured goods needed to produce other goods and services are called this.
What are capital goods?
400
Karston
What is my son's name?
400
World History, Government, Economics, Psychology, Sociology, Current Events, and World Geography.
What are the classes Mr. Cole teaches?
500
the process of using up goods and services.
What is consumption?
500
when people spend their income they often cannot have everything they want so they face this situation.
What are trade-offs?
500
A model or graph used to illustrate the concept of opportunity cost is this.
What is the production possibilities frontier graph.
500
this is who my wife works for.
What is Great Prairie AEA?
500
Libby will be doing this in the spring.
What is golfing for Van Buren?