stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
economics (a class project) Flashcards | StudBud
Explore
/
economics (a class project)
economics (a class project)
21 terms
·
StudBud Administration
·
7 plays
#economics
Flashcards
21 cards
F
Practice quiz
P
Host live
L
Questions
21
Answers
1
what is a scarcity
i don't know you tell me what scarcity is
so can i get a good grade?
something scary
a limited amount of something
2
what is economics
that money thing
study of people and society decisions
something of limited amount
something you don't want to learn
3
what is a trade off
when you go to gamestop and they scam you
the act of giving up one benefit in order to gain another
when the deal is off
(something random thats wrong)
4
market economies produce for the government
false
true
5
economic growth
occurs when factors of production increase
how do i play this game
expansion of the economy's production possibilities
when people start working
6
what is opportunity cost
the same as a trade off
desirable alternative given up as the result of a decision
i dont know
giving up a benefit in order to gain another
7
what is a entrepreneurship
the ship off star trek
innovation and risk taking
a word i can pronounce
who thought of this question
8
inquality is more workers, more tools
false
true
9
command economies produce for whom ever will purchase their goods
true
false
10
what is microeconomics
economics on a from 1-10
why am i making this
economics on a small scale
economics on a large scale
11
what is a shortage
anytime the amount demanded exceeds the amount supplied
when something is short
if you pick this your wrong
when someone can't get on a ride
12
what is labor
i still don't know the answer
where boats are docked
hard work
all human attributes that are productive
13
economic equity is making the most out of resources
true
false
14
traditional economies are fast to innovate
true
false
15
inquantity is better workers, better tools
false
true
16
full employment is the steady growth in GDP
true
false
17
price stability is when prices stay relatively stable
true
false
18
economic security is the assurance of availability of goods
false
true
19
Should Princeton get a 100% for this assignment
who's Princeton
he better
of course
yes
20
scarcity the same as shortage
false
true
21
what is macroeconomics
economics on a weird scale
economics on a small scale
A big thing i don't want to learn
economics on a large scale
