What is opportunity cost?

Economics Final Review

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

99 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
The cost or value of the other alternatives when one alternative is chosen
2.
FLASHCARD QUESTION
Front
What do economists mean by the term "scarcity"?
Back
Having too few or too little of resources
3.
FLASHCARD QUESTION
Front
The production possibilities curve is an illustration of what?
Back
Opportunity costs and trade-offs
4.
FLASHCARD QUESTION
Front
What are the 4 factors of production?
Back
Land, Labor, Capital, Entrepreneurs
5.
FLASHCARD QUESTION
Front
What is Economics?
Back
The study of the choices people make to satisfy their unlimited wants and needs.
6.
FLASHCARD QUESTION
Front
Economics is the study of how people make choices about ways to use _______________ resources to fulfill their unlimited wants and needs.
Back
Limited
7.
FLASHCARD QUESTION
Front
The factor of production that includes natural resources is known as:
Back
Land
Create a free account and access millions of resources
Similar Resources on Wayground
90 questions
Chapter 8 Activity Guide

Flashcard
•
12th Grade
90 questions
Economics Final Review

Flashcard
•
12th Grade
104 questions
Economics Final Exam

Flashcard
•
12th Grade - University
100 questions
theme 1 Flashcards

Flashcard
•
12th Grade
88 questions
Economics Final Exam 2024

Flashcard
•
KG - University
82 questions
Supply, Demand, and Economic Choices

Flashcard
•
12th Grade
82 questions
Supply, Demand, and Economic Choices

Flashcard
•
12th Grade
98 questions
Economics Final Exam

Flashcard
•
11th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade