Economics Key Concepts D
Flashcard
•
Special Education
•
12th Grade
•
Practice Problem
•
Hard
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7 questions
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1.
FLASHCARD QUESTION
Front
Opportunity Cost is
Back
the second best choice
2.
FLASHCARD QUESTION
Front
What is your opportunity cost if you choose to play video games instead of finishing your homework?
Back
Finishing your homework
3.
FLASHCARD QUESTION
Front
Economics is the study of
Back
the choices people make to meet their wants and needs
4.
FLASHCARD QUESTION
Front
Unlimited wants exceed limited resources
Back
Scarcity
5.
FLASHCARD QUESTION
Front
A reason to change your behavior
Back
Incentive
6.
FLASHCARD QUESTION
Front
Which word means the same thing as allocation?
Back
distribution
7.
FLASHCARD QUESTION
Front
You choose to buy a new car instead of investing in the stock market. What is your opportunity cost?
Back
Investing in the stock market
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