Economics Unit 1 Test Review by Laura Harris https://padlet.com/jl2110/88psci8v5dzq Unit 1 Test Review en-us 2016-08-24 14:47:02 UTC 2017-07-28 06:37:51 UTC hello@padlet.com Specialization jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600814 2016-08-24 14:44:07 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600814 Productivity jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600815 2016-08-24 14:43:46 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600815 Marginal Revenue (or Benefit) jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600816 2016-08-24 14:43:14 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600816 Allocation Strategies jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600818 2016-08-24 14:42:40 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600818 PPC jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600819 2016-08-24 14:42:20 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600819 Opportunity Cost jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600820 2016-08-24 14:42:13 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600820 Voluntary Exchange jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600821 What are results?]]> 2016-08-24 14:41:52 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600821 What are the 4 factors of production? provide examples jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600822 2016-08-24 14:39:46 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600822 What are the basic questions answered by economic systems? jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600823 2016-08-24 14:39:24 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600823 What type of economy does the United States have? jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600824 2016-08-24 14:39:04 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600824 What type of economy uses public ownership of property? jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600825 2016-08-24 14:37:57 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600825 What are positive economic incentives? jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600826 2016-08-24 14:37:32 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600826 What is the 3  basic fundamental problem/fact in economics? jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600827 2016-08-24 14:36:58 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600827 Consumer Goods: jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600828

]]> 2016-08-24 14:36:12 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600828 When does scarcity exist? jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600830 2016-08-24 14:35:59 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600830 Command Economy  jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600832 Characteristics

Advantages:

Disadvantages:]]> 2016-08-24 14:11:32 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600832 Market Economy: jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600833 Characteristics:

Incentives:

Advantages:

Disadvantages:]]> 2016-08-24 14:07:14 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600833 What does a production possibilities curve represent? jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600834 2016-08-24 14:06:59 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600834 What is the purpose of capital goods? jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600835 2016-08-24 14:06:29 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600835 Who are consumers? jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600836 2016-08-24 14:06:17 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600836 What is economics the study of? jl2110 https://padlet.com/jl2110/88psci8v5dzq/wish/119600838 2016-08-24 14:06:04 UTC https://padlet.com/jl2110/88psci8v5dzq/wish/119600838