Show:
Economic Systems
Da Basics
Da Basics II
Trade
Potpourri
100
The government controls all the means of production
What is Communism
100
The study of choices made under conditions of scarcity.
What is Economics
100
These are intangible goods
What are services
100
This economy is what results when there is no currency.
What is a barter economy
100
Spongebob's best friend.
Who is Patrick
200
The United States' economic system.
What is mixed-market
200
The study of the behavior of individual households and firms, and their interactions in specific markets.
What is microeconomics
200
Psychological research has shown that this type of attitude can positively affect performance in school, work, music, and athletics.
What is a positive attitude
200
The ability to produce a good using fewer inputs than another producer
What is absolute advantage
200
He pushed off and is a cheater
Who is Michael Jordan
300
North Korea's economic system
What is Communism
300
When limited resources prevent us from doing all that we would like to do.
What is scarcity
300
Anything a person values.
What are goods.
300
The ability to produce a good at a lower opportunity cost than another producer
What is comparative advantage
300
This nation has the most world cup wins
What is Brazil
400
An economic system free of government meddling.
What is free market
400
He is the founder of modern economic thought and author of "The Wealth of Nations"
Who is Adam Smith
400
A graph showing combinations of two goods that can be produced, given available resources and technology.
What is a production possibilities frontier.
400
He was the shrewdest trader on the island even though he paid 8 cows for his wife.
Who is Johnny Lingo
400
This is the answer when you multiply all the numbers on a telephone
What is 0
500
The french word and philosophy for an economy free of government oversight.
What is Laissez Faire
500
The study of the overall behavior of an economy.
What is Macroeconomics
500
What must be given up to obtain some good.
What is opportunity cost
500
This was the number one lesson we learned from barter day.
What is trade creates value.
500
The world's largest desert
What is Antarctica