How can we help?

You can also find more resources in our Help Center.

Study sets matching "vocabulary economic literacy"

Study sets
Classes
Users

Study sets matching "vocabulary economic literacy"

162 terms
Economics and Financial Literacy Vocabulary
Absolute advantage
Aggregate
Aggressive
Agrarian economy
when a country requires less physical resources than another…
total combination of data from various economic sectors
willing to take higher level of risk in investing
people are mostly farmers
Absolute advantage
when a country requires less physical resources than another…
Aggregate
total combination of data from various economic sectors
20 terms
Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
63 terms
Economic Literacy?
scarcity
Tradeoffs
Opportunity Cost
Productivity
Because resources are not unlimited, all individual and socie…
Involve less of one things in order to get more. For example,…
If we use some of our resources for one purpose we must foreg…
An increase in productivity involves getting more output per…
scarcity
Because resources are not unlimited, all individual and socie…
Tradeoffs
Involve less of one things in order to get more. For example,…
35 terms
Economic Literacy
Capitalism
Socialism
Mixed Economy
Speculation
An economic system in which investment in and ownership of th…
An economic system in which major sectors of the economy are…
An economic system that features characteristics of both capi…
An activity in which someone buys and sells things (such as s…
Capitalism
An economic system in which investment in and ownership of th…
Socialism
An economic system in which major sectors of the economy are…
43 terms
Economic Literacy
tradeoffs
opportunity cost
factors of production
capital
using less of one thing in order to gain another
amount of benefit forgone when resources are used for one pur…
land, labor, capital
money, machinery
tradeoffs
using less of one thing in order to gain another
opportunity cost
amount of benefit forgone when resources are used for one pur…
28 terms
Economic Literacy
Economics
Economic Literacy
Economy
Scarcity
The way God ordered the world, The study of the choices peopl…
The acquired ability to read the way the world works
The overall system by which a nation produces and consumes di…
Limited resources, not enough stuff to satisfy human desires
Economics
The way God ordered the world, The study of the choices peopl…
Economic Literacy
The acquired ability to read the way the world works
47 terms
Economic Literacy
tradeoffs
opportunity costs
Productivity
factors of production
involves less of one thing in order to get more of another. e…
amount of benefit forgone when scare resources are sued for o…
to increase productivity you have to give more output per uni…
land, labor, capital (resources) and entrepreneur
tradeoffs
involves less of one thing in order to get more of another. e…
opportunity costs
amount of benefit forgone when scare resources are sued for o…
51 terms
Economics with Financial Literacy Module 3 Vocabulary
Advertising
An Wang
Tom Anderson
Assets
A form of nonprice competition. Use his fears, emotions, soci…
Chinese-American computer scientist who held more than 35 pat…
He cofounded my space with Chris DeWolfe. He focused on the c…
Valuable physical goods
Advertising
A form of nonprice competition. Use his fears, emotions, soci…
An Wang
Chinese-American computer scientist who held more than 35 pat…
20 terms
Unit 9- Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use.
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use.
20 terms
Unit 9 Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
An estimate, often itemized, of expected income and expense f…
A person who purchases goods and services for personal use.
Time allowed for payment for goods or services obtained on tr…
The wealth and resources of a country or region, esp. in term…
Budget
An estimate, often itemized, of expected income and expense f…
Consumer
A person who purchases goods and services for personal use.
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Debt
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
something that is owed or that one is bound to pay
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
An estimate, often itemized, of expected income and expense f…
A person who purchases goods and services for personal use
Time allowed for payment for goods or services obtained on tr…
The wealth and resources of a country or region, esp. in term…
Budget
An estimate, often itemized, of expected income and expense f…
Consumer
A person who purchases goods and services for personal use
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
32 terms
Economics and Financial Literacy
producer
consumer
needs
wants
A person, company, or country that makes, grows, or supplies…
A person who purchases goods and services for personal use
Basic requirements for human survival; like food, clothing, a…
Goods that are purchased to add comfort or pleasure to life
producer
A person, company, or country that makes, grows, or supplies…
consumer
A person who purchases goods and services for personal use
18 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
19 terms
Unit 9: Financial and Economic Literacy Vocabulary
budget
consumer
credit
economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
budget
an estimate, often itemized, of expected income and expense f…
consumer
a person who purchases goods and services for personal use
21 terms
Unit 9 Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
37 terms
economics assesment
demand
law of demand
3 factors that influence demand
substitution effect
the willingness and ability to buy or consume something
as price goes up, quantity demanded goes down.
sustitution effect, real income effect, diminishing marginal…
as the price of one good or service goes up, quantity demande…
demand
the willingness and ability to buy or consume something
law of demand
as price goes up, quantity demanded goes down.
20 terms
Unit 9 Financial & Economic Literacy Vocabulary
budget
consumer
credit
economy
an estimate often itemized of expected income and expense for…
a person who purchases goods or services for a personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country r region, esp. in terms…
budget
an estimate often itemized of expected income and expense for…
consumer
a person who purchases goods or services for a personal use
22 terms
Unit 9 Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use.
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use.
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use.
time allowed fro payment fro goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use.
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
Unit 9 Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
17 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Economy
Finance
an estimate, often itemized, of expected income and expense f…
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
provide funding for a person or enterprise
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
time allowed for payment for goods or services obtained on tr…
19 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use.
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use.
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
21 terms
Unit 9 Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use.
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use.
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
20 terms
Unit 9 - Financial and Economic Literacy Vocabulary
Budget
Consumer
Credit
Economy
an estimate, often itemized, of expected income and expense f…
a person who purchases goods and services for personal use
time allowed for payment for goods or services obtained on tr…
the wealth and resources of a country or region, esp. in term…
Budget
an estimate, often itemized, of expected income and expense f…
Consumer
a person who purchases goods and services for personal use
1 of 10