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Unit One Lesson One Economics

Unit One Lesson One Economics

Assessment

Flashcard

Other

12th Grade

Practice Problem

Hard

Created by

Wayground Content

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20 questions

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1.

FLASHCARD QUESTION

Front

The study of how people choose to use their limited resources to satisfy their unlimited wants

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Back

Economics

2.

FLASHCARD QUESTION

Front

The study of the economy at the level of individuals, households, and businesses

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Back

Micro economics

3.

FLASHCARD QUESTION

Front

Branch of economics that uses objective analysis to find out how the economy actually works, describes how things are

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Back

Positive economics

4.

FLASHCARD QUESTION

Front

Something that motivates a person to take a particular course of action

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Back

Incentives

5.

FLASHCARD QUESTION

Front

The study of the workings of the economy as a whole

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Back

Macro economics

6.

FLASHCARD QUESTION

Front

A system used to manage limited resources for the production, distribution, and consumption of goods and services

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Back

Economy

7.

FLASHCARD QUESTION

Front

Value judgments to data in order to recommend actions or policies. The goal is to advise how things ought to be done.

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Back

Normative economics

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