C1S2 Review Flashcard
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview
5 questions
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1.
FLASHCARD QUESTION
Front
Benefits offered to encourage people to act in certain ways are
Back
incentives
2.
FLASHCARD QUESTION
Front
The benefit or satisfaction gained from the use of a good or service is called a(n)
Back
utility
3.
FLASHCARD QUESTION
Front
The alternative you give up when you make an economic choice is a(n)
Back
trade-off
4.
FLASHCARD QUESTION
Front
A cost-benefit analysis is often organized by using a(n)
Back
decision-making grid
5.
FLASHCARD QUESTION
Front
The value of what you give up by choosing one alternative over another is called
Back
opportunity cost
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