Economics Basics
Flashcard
•
Specialty
•
11th Grade - University
•
Hard
Wayground Content
FREE Resource
Student preview

20 questions
Show all answers
1.
FLASHCARD QUESTION
Front
The highest-valued alternative that must be given up when you make a choice.
Back
Opportunity Cost
2.
FLASHCARD QUESTION
Front
There are 4 _______________. They are land, labour, capital and entrepreneurship.
Back
Factors of Production
3.
FLASHCARD QUESTION
Front
A group of buyers and sellers which come together to trade
Back
Market
4.
FLASHCARD QUESTION
Front
Which of the following is an example of an investment in human capital? A company builds a new factory, A state puts in a new highway, A person goes to college, A country builds new schools
Back
A person goes to college
5.
FLASHCARD QUESTION
Front
An economy in which the government decides how ALL economic resources will be allocated i.e. North Korea
Back
Centrally Planned Economy
6.
FLASHCARD QUESTION
Front
Man-made resources used in the production process i.e. machines in a factory.
Back
Capital
7.
FLASHCARD QUESTION
Front
Income from sales (also known as revenue), minus the costs of running the business.
Back
Profit
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
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
10 questions
Novice Lesson 2 Practice Words
Flashcard
•
KG
10 questions
Estrelas: Tipos, Origem e Composição
Flashcard
•
10th Grade - University
15 questions
¡Quizz en español!
Flashcard
•
University
15 questions
Curriculum Approaches Flashcards
Flashcard
•
University
15 questions
paměť + pozornost
Flashcard
•
9th - 12th Grade
16 questions
April Fools Trivia
Flashcard
•
KG - University
15 questions
Chapter 3 and 4- ECOLOGY EXAM
Flashcard
•
10th Grade - University
10 questions
Mandarin Fruits
Flashcard
•
KG
Popular Resources on Wayground
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
20 questions
MINERS Core Values Quiz
Quiz
•
8th Grade
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
20 questions
Multiplying and Dividing Integers
Quiz
•
7th Grade
10 questions
How to Email your Teacher
Quiz
•
Professional Development
15 questions
Order of Operations
Quiz
•
5th Grade
Discover more resources for Specialty
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
18 questions
Plotting Points on the Coordinate Plane
Quiz
•
KG - University
21 questions
Scientific Method
Quiz
•
KG - 12th Grade
20 questions
Sight/ high-frequency words
Quiz
•
KG - 12th Grade
15 questions
Irregular Plural Nouns
Quiz
•
KG - University
13 questions
"El Tiempo" weather expressions
Lesson
•
KG - 12th Grade
21 questions
Greatest Common Factor (GCF)
Quiz
•
KG - University