Crash Course Economics Episode 1.

Learning a trade can be a very good career choice?

Define Profit?

A motive for taking some action. The desire to make a profit of some kind... with risk

Why study economics?

"Butter" represents ________ in the "guns or butter" model.

Define Cost

What's the official US currency?

The rivalry that exists among businesses selling similar products

The expense involved in doing business, Time/Money/ or Resource.

Condition that exists when the demand for a good, service, or resource is greater than supply.

This is the branch of economics that studies the economy as a whole. BIG/LARGE/NOT SMALL

The study of the individual sectors of the economy. Small Scale study.

Value of what a person gives up in making a choice, such as, time, money, goods, and services.

A positive outcome, something good.

Should you get a degree in a field that you can get a job in?

Define wage

Any item that people use to exchange for goods and services

Over the Next decade New York State will need 180,000 teachers?

You apply for all possible scholarships before you graduate?

When the cost of Goods and services goes up and the value of Money goes down?

economic condition government spends more on military equipment, instead of needs of society.

Should you check powerschools often?

What is the role of politics in economics?

When should you start saving for retirement?

Science that deals with the production, distribution, and consumption of goods and services.