Econ Finals Review 2024
Flashcard
•
Social Studies
•
12th Grade
•
Hard
Standards-aligned
Wayground Content
FREE Resource
Student preview
49 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is the concept of opportunity cost?
Back
The value of the next best alternative
2.
FLASHCARD QUESTION
Front
What does tradeoffs mean in economics?
Back
Choosing between different options
3.
FLASHCARD QUESTION
Front
What is the main focus of economics?
Back
Studying decisions
4.
FLASHCARD QUESTION
Front
WHAT IS LABOR?
Back
work people do for pay to produce good and services
Tags
1C
5.
FLASHCARD QUESTION
Front
Back
Human Capital
Tags
1C
6.
FLASHCARD QUESTION
Front
Iron Ore
Options: Land, Labor, Physical capital, Human capital, Entrepreneurship
Back
Land
Tags
1C
7.
FLASHCARD QUESTION
Front
Money used to re-invest in a firm and further its business objectives
Back
Investment Capital
Tags
1C
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