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Civics Today Chapter 18 Vocabulary

Authored by BELINDA MINNICH

History, Social Studies

9th - 12th Grade

Used 54+ times

Civics Today Chapter 18 Vocabulary
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

additional or extra opportunity cost associated with an action

Economics

Marginal Cost

Opportunity Cost

Cost

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

something that you would LIKE to have or makes life easier

need

trade off

want

marginal benefit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

not having enough of a resource to produce all that we would like to have

marginal cost

need

resourcesless

scarcity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a nation's way of producing things its people want and need

economic system

economics

economic model

all of these

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an additional or extra benefit associated with an action

marginal cost

marginal benefit

cost benefit analysis

macroeconomics

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

economic behaviors and decision making by government or whole industries or societies

microeconomics

macroeconomics

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

simplified representation of the real world that economists develop to describe how the economy is expected to perform in the future

Economics

Economic System

Economical Benefit Model

Economic Model

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