An expansion of the economy's production possibilities, or ability to produce.
CP Economics Terms Flashcard #4 31-40

Flashcard
•
Social Studies
•
12th Grade
•
Hard
Quizizz Content
FREE Resource
Student preview

10 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
Economic growth
2.
FLASHCARD QUESTION
Front
The ability to make something using fewer resources than other producers require
Back
Absolute advantage
3.
FLASHCARD QUESTION
Front
The worker, firm, region, or country with the lowest opportunity cost of producing an output should specialize in that output.
Back
Comparative advantage
4.
FLASHCARD QUESTION
Front
Occurs when individual workers focus on single tasks, enabling each worker to become more efficient and productive.
Back
Specialization
5.
FLASHCARD QUESTION
Front
A household's level of satisfaction, happiness, or sense of well-being.
Back
Utility
6.
FLASHCARD QUESTION
Front
Legal claim that guarantees an owner the right to use a resource or to charge others for its use.
Back
Private Property Rights
7.
FLASHCARD QUESTION
Front
A process of reducing anticompetitive behavior and promoting competition in markets where competition is desirable.
Back
Antitrust Laws
Create a free account and access millions of resources
Similar Resources on Quizizz
10 questions
FLASHCARD: Communication Skills

Flashcard
•
11th Grade
13 questions
ACCT 1025: Chapters 9 & 10

Flashcard
•
University
11 questions
Vocab in Context

Flashcard
•
11th Grade
6 questions
Unit 3.6 Firm & Production

Flashcard
•
11th Grade
10 questions
Crash Course: Monopolies + Trusts

Flashcard
•
12th Grade
5 questions
When I was the Greatest - Chapter 1 Warm-up

Flashcard
•
11th Grade
9 questions
Ch40 Labor Market Forces and Gov't Intervention

Flashcard
•
12th Grade
8 questions
Unit 1.2 Factors of Production

Flashcard
•
11th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
Discover more resources for Social Studies
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
65 questions
MegaQuiz v2 2025

Quiz
•
9th - 12th Grade
10 questions
GPA Lesson

Lesson
•
9th - 12th Grade
15 questions
SMART Goals

Quiz
•
8th - 12th Grade
45 questions
Week 3.5 Review: Set 1

Quiz
•
9th - 12th Grade