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Technology Introduction to Economics

1. What is economics?The term economics, from the Greek,“oikonomica”, means a science ofmanaging the house. 2. Why do we need to study economics?“Economicsstudies howpeoplemakedecisions…

Documents [ ] glossary.doc

1. Chapter Key TermDefinition Sound File 1 personal financeThe process of planning your (personal financial spending, financing, and investing planning) activities, while…

Documents Economic Reasoning Test Review. What is any reward or benefit that motivates people to do something.

Economic Reasoning Test Review Economic Reasoning Test Review What is any reward or benefit that motivates people to do something Incentive What is a factor or disadvantage…

Documents Chapter 2 Economic Activities: Producing and Trading

Chapter 2 Economic Activities: Producing and Trading Costs of Trade Transaction costs Time and effort needed to search out, negotiate, and consummate a trade May cause trades…

Documents 3 rd Grade Economics Picture Vocabulary. 3 rd Grade Economics Vocabulary ProductServicePrice...

3rd Grade Economics Picture Vocabulary 3rd Grade Economics Vocabulary Product Service Price Economics Consumer Supply Advertisement Trade-Off Demand Opportunity Cost Barter…

Documents Economics By Paul Curcione. Definition of Economics The study of how people and societies choose to....

Economics Economics By Paul Curcione Definition of Economics The study of how people and societies choose to spend their money based on the amount of money they have available…

Documents Chapter 2 Economic Activities: Producing and Trading

Chapter 2 Economic Activities: Producing and Trading Costs of Trade Transaction costs Time and effort needed to search out, negotiate, and consummate a trade May cause trades…

Documents Theories of Trade. Trade is BIG Business in Canada Canadian Exports account for over 40% of our GDP....

Theories of Trade Trade is BIG Business in Canada Canadian Exports account for over 40% of our GDP - $423 billion dollars Approximately 1 in 4 jobs are directly dependent…

Documents AP Macroeconomics

AP Macroeconomics Unit 1 I. Basic Economic Concepts Scarcity: wants > resources Economics â study of how people satisfy wants with scarce resources Economics is the study…

Documents Module 3 The Economizing Problem. I. Trade-offs: The Production Possibilities Curve A. Efficiency B....

Chapter 2 Module 3 The Economizing Problem I. Trade-offs: The Production Possibilities Curve I. Trade-offs: The Production Possibilities Curve A. Efficiency B. Opportunity…