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Introduction to economics
Speed Match Review Game

This game has been played 113 times
The best time ever was selberali at 61 seconds.
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Drag the squares in the gray area and drop them in the matching squares in the blue area below.
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Let's Play Speed Match!

mixed economy
Adam Smith
production possibility frontier
normative economics
planned economy
marginal utility
total utility
rational consumer
a right shift in the production possibility frontier
public sector
private sector
opportunity cost
free market
profit
human development index
factors of production
factor rewards
a movement along the PPF
unlimited wants, limited needs
positive economics
tertiary sector
sharing economy
economic sectors
diminishing marginal utility
secondary sector
A curve which shows the maximum combinations of goods and services that an economy can produce
An economic system with both public and private sectors
Economic opinions which cannot be proven or disproven
A collective name for rent, wages, interest and profit
An economic system in which the prices for goods and services are set by the market
An industrial sector which involves the financial and retail sectors
The measurement of economic development
The fundamental economic problem
Sometimes called the grandfather of economics
A consumer who spends their money in a way that provides them with the maximum utility for their money
When an economy increases the quantity and or quality of its factors of production, this is represented by
The amount of pleasure gained from consuming one unit of a good or service
Economic facts which can be proven or disproven
The next best option foregone
A collective name for land, labour, capital and entrepreneurship
The economic sector controlled by the government
When an economy switches from one point along its PPF to a different point along the same curve
The economic sector owned and controlled by private individuals
The factor reward for entrepreneurship
An industrial sector which involves the manufacturing and construction sectors
An economic system in which goods and services as well as prices are set by the government
A collective name for the primary, secondary and tertiary sectors
The total pleasure enjoyed by a consumer when they consume a good or service
The law which states that marginal utility falls as consumption of a good or service increases
Examples of businesses in this sector include UBER and AIRBNB

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DescriptionMatch:
Sometimes called the grandfather of economicsAdam Smith
The fundamental economic problemunlimited wants, limited needs
The next best option foregoneopportunity cost
Examples of businesses in this sector include UBER and AIRBNBsharing economy
A collective name for land, labour, capital and entrepreneurshipfactors of production
A collective name for rent, wages, interest and profitfactor rewards
Economic facts which can be proven or disprovenpositive economics
Economic opinions which cannot be proven or disprovennormative economics
An economic system in which the prices for goods and services are set by the marketfree market
An economic system in which goods and services as well as prices are set by the governmentplanned economy
An economic system with both public and private sectorsmixed economy
A collective name for the primary, secondary and tertiary sectorseconomic sectors
An industrial sector which involves the manufacturing and construction sectorssecondary sector
An industrial sector which involves the financial and retail sectorstertiary sector
The economic sector controlled by the governmentpublic sector
The economic sector owned and controlled by private individualsprivate sector
The measurement of economic developmenthuman development index
A curve which shows the maximum combinations of goods and services that an economy can produceproduction possibility frontier
When an economy increases the quantity and or quality of its factors of production, this is represented bya right shift in the production possibility frontier
The amount of pleasure gained from consuming one unit of a good or servicemarginal utility
A consumer who spends their money in a way that provides them with the maximum utility for their moneyrational consumer
The law which states that marginal utility falls as consumption of a good or service increasesdiminishing marginal utility
The total pleasure enjoyed by a consumer when they consume a good or servicetotal utility
When an economy switches from one point along its PPF to a different point along the same curvea movement along the PPF
The factor reward for entrepreneurshipprofit