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Economic Terms Flashcards | StudBud
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Economic Terms
Economic Terms
33 terms
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StudBud Administration
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A economics quiz I made for a project.
Flashcards
33 cards
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Practice quiz
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Host live
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Questions
33
Answers
1
macroeconomics definition
science mixed with economics
small economics
midgets doing economics
economics concerned with general economic factors
2
economics definition
green stuff?
the combined studies of production, consumption, and wealth
the government
how the world is ending
3
technology definition
dell venues oh wait they suck
my calculator
computers?
application of knowledge for practical purposes
4
human resource definition
humans encyclopedias
the people who make up a workforce
humans used as resources
spare body parts
5
producer definition
a person or company that makes or supplies goods for sale
someone who creates dem sick beats
a giver of life
fruits and vegetables
6
self sufficiency definition
to feel insecure about yourself
to be dependent
to run away from home
to be able to provide for yourself/ be independent
7
Capital resource definition
natural resources used for goods
the same as capital goods
natural resources that exist
natural resources that the capital hides from us
8
Consumer definition
a person who purchases goods
a person who doesn't eat
a person who eats people
a person who eats food
9
resource definition
the library
an encyclopedia
a dictionary
a stock or supply of money, materials, and or staff
10
Good definition
just good
well
a tangible item of worth
a feeling of happiness
11
Barter definition
to sell yourself
to give people things without money
to exchange goods and services w/ out money
to sell yourself short
12
utility definition
the useless spaces in monopoly
the state of being useful
guns
to hate yourself
13
efficiency definition
the state of being bad at things
the state of being efficient
being slow
this one was also easy
14
Consumer good
a person who eats good food
goods that eat people
a person who only eats good people
goods bought and used by customers
15
natural resources definition
trees
oil
resources that appear in nature
when nature uses a dicitionary
16
specialization definition
adaptation of an organ
to join a cult
the process of becoming an expert in a certain field
to be special
17
service definition
when a male animal mates
to do a task for someone
to serve ice
to serve the vice president
18
Microeconomics
economics under a microscope
tiny economics
economics focused on single factors
THESE are the economics done by midgets.
19
Capital Good definition
when the capital is looking good
goods used to produce other goods instead of being bought
when the government makes a profit off of goods
goods sold by the government
20
exchange definition
giving things and receiving another in return
a type of student
when you don't like the shirt you bout and you bring it back
this sounds like barter
21
interdependence definition
depending on the internet
depending on inter galatic space
the dependence of two or more people or things on each other
not depending on others
22
scarcity definition
when you're easily frightened
when cities scare you
the state of being low in supply
when a city scars you
23
What are the factors of production?
money, capital, and envelopes
tools, assembly lines, and consumers
land, labor, capital, entrepreneurship
shirts, pants, shoes
24
Entreprneur definition
a person who can operate heavy machinery
a weird word
a person who starts there own buisiness
a person who cooks great entres
25
value definition
money?
when something doesn't matter
when something is considered important
morals
26
economist definition
an expert in economics
why bother
a person who really likes toast
if you don't get this one what the heck
27
trade-off definition
to offer trade
balance achieved between 2 desirable features, a compromise
to turn off all trade
to trade off sides
28
division of labor definition
assigning different tasks to different people for efficiency
when a mother in labor is split in half
when a baby is split in half
laziness
29
productivity definition
the state of producing something, or the rate of produciton
the rate of fruit and vegetables
being bad at making things
making the things
30
Money definition
that thing i don't have
that thing i wish i had
green stuff?
for of exchange in coins and banknotes
31
opportunity cost definition
when you lose your goals
when you pay for your opportunities
the cost of imagination
the loss of potential gain
32
Credit definition
when someone acknowledges you
a plastic card
fake money?
when customers get goods before payment which will be later
33
Definition of allocate
a girl named cate
to sell goods without proper paperwork
to distribute goods for a specific purpose
to steal
