Basics
Scarcity
Economic Systems
Terms
Random
100
The number of "Big Questions" in Economics.
What is three (3)?
100
Lumber, land, water, or rocks would be this type of Resource.
What are Natural Resources?
100
There are this many Economic Systems.
What is four (4)?
100
"The way society chooses to employ its limited resources to produce goods and services for future consumption."
What is Economics?
100
In the Marvel Universe, Steve Rogers is better known by this freedom-tastic name.
What is "Captain America"?
200

Collectively these are "efforts to meet peoples' wants and needs."

What are "Goods and Services?"

200
If a bottle of soda costs $1, this would be the opportunity cost.
What is "whatever else you could buy with that dollar" (or the next best thing)?
200
It is the Economic System focused on consumer goods, and wants more than needs, with little or no government control.
What is a Market Economy?
200
"To set aside a resource for a particular purpose" (whether or not you use it)
What is Allocate?
200

It is estimated that there are 1 million of these insects for every human on Earth. 

What are ants?

300
Economics is the way society chooses to employ a limited amount of these to produce goods and services for consumption.
What are Resources?
300
Scarcity is the fundamental problem in Economics because humans have these two conflicting things.
What are unlimited wants, and limited resources?
300
Most European Countries (as well as North America) have this type of Economic System.
What is a Mixed Economy?
300
"Exchanging Goods or Services Directly"
What is to Barter / Bartering?
300

This sport was originally a Native American one, played with stones and sticks, but has quickly become a popular one - and one that will "lax".

What is lacrosse?

400
More than just "eating" the Economic Definition of "consume" means to do this.
What is "use goods or services"?
400

Because of scarcity, humans are forced to do this.

What is "make choices"?

400
Because it relies on bartering, Traditional Economic Systems have little to none of this.
What is waste?
400
Needs are things that you MUST have in order to live or do this.
What is function?
400

The Yellow Shield hanging up front comes from this Eastern European country, a former part of the Soviet Union, whose capital is Kiev.

What / Where is Ukraine?

500
Because it can be observed and experimented within, Economics is considered a Science, but specifically it is THIS type of Science - in the same category as Psychology, Geography, and History.
What is "Social Science"?
500

Because they could be considered both natural AND capital, people are considered THIS type of resource.

What are human resources?

500

It is the 3rd Largest Country in the world, has 1.7 billion people, and exhibits a Command Economy.

What is China (中国)?

500
These two things are the basis for a Market Economy, and mean the quantity someone is willing to provide or buy at a given price.
What are Supply and Demand?
500

On this day in 490 BC the Persians landed at this city, in order to invade Greece, and the messenger sent to warn Athens died tragically.

What is Marathon?

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