
Econ flashcard 1
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview

24 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Which of the following is an example of Physical Capital: Raw materials used in production., Machinery or equipment used in production., Intellectual property rights for products., Labor costs associated with production.
Back
Machinery or equipment used in production.
2.
FLASHCARD QUESTION
Front
When making a decision, the next best alternative that you gave up is called
Back
opportunity cost
3.
FLASHCARD QUESTION
Front
Lotteries, price, majority rule, force, and contests are all methods commonly used to
Back
make decisions or allocate resources
4.
FLASHCARD QUESTION
Front
What is opportunity cost?
Back
Opportunity cost is the value of the next best alternative that is given up when a choice is made.
5.
FLASHCARD QUESTION
Front
If you decide to go to the gym, what is your opportunity cost?
Back
Going for a bike ride
6.
FLASHCARD QUESTION
Front
Natural gas is often used as a resource in power plants to generate electricity. In economic terms, natural gas would be considered as
Back
Land
7.
FLASHCARD QUESTION
Front
What is physical capital?
Back
Physical capital is the tangible assets(Tools, Machines, Buildings Ect.) used in production.
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
22 questions
WEB TECHNOLOGY
Flashcard
•
University
17 questions
Philippine History
Flashcard
•
University
20 questions
Second conditional
Flashcard
•
12th Grade
20 questions
Erosion & Deposition Flashcard Review
Flashcard
•
KG - University
15 questions
Relative Clauses
Flashcard
•
12th Grade
16 questions
April Fools Trivia
Flashcard
•
KG - University
15 questions
Complete Ielts 5-6.5 - Unit 6 (Listening & Reading_Vocab))
Flashcard
•
University
15 questions
Curriculum Approaches Flashcards
Flashcard
•
University
Popular Resources on Wayground
10 questions
Forest Self-Management
Lesson
•
1st - 5th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
30 questions
Thanksgiving Trivia
Quiz
•
9th - 12th Grade
30 questions
Thanksgiving Trivia
Quiz
•
6th Grade
11 questions
Would You Rather - Thanksgiving
Lesson
•
KG - 12th Grade
48 questions
The Eagle Way
Quiz
•
6th Grade
10 questions
Identifying equations
Quiz
•
KG - University
10 questions
Thanksgiving
Lesson
•
5th - 7th Grade
Discover more resources for Social Studies
18 questions
Thanksgiving Trivia
Quiz
•
4th - 12th Grade
3 questions
The Progressive Era (SSUSH13ab)
Lesson
•
9th - 12th Grade
15 questions
Thanksgiving Trivia
Quiz
•
9th - 12th Grade
50 questions
Unit 2 Remediation
Quiz
•
12th Grade
6 questions
Engaging Citizens in the Democratic Process
Lesson
•
12th Grade
10 questions
Exploring the Basics of Checking Accounts
Interactive video
•
9th - 12th Grade
27 questions
Types of Insurance
Quiz
•
12th Grade
39 questions
Unit 3 Review
Quiz
•
9th - 12th Grade