Economics Midterm (4)

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  1. Trading one good or service for another
    Barter
  2. Karl Marx
    "Das Kapital"
  3. The cost of your next best option to what you choose
    Opportunity cost
  4. The study of government and international economics
    Macroeconomics
  5. The government has total control of the economy
    Command Economy
  6. Breaking down has jobs to their smallest function
    Division of labor
  7. Supply is greater than demand
    Surplus
  8. Money left after all needs are paid
    Discretionary income
  9. Changing goods or materials into thee goods
    Production
  10. The cost of borrowing money
    Interest
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252605
Card Set
Economics Midterm (4)
Description
Midterm
Updated
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