ECONOMICS AND SOCIAL SCIENCEs Flashcards

1
Q

economics

A

examination of human behavior and practices to efficiently use the scarce resources to supply the unlimited needs of man and achieve mans satisfaction

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

scarcity

A

permanent condition/natural phenomenon

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

microeconomics

A

studying the small unit of the economy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

macroeconomics

A

study of the behavior of the entire economy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

opportunity cost

A

micro

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Demand

A

Micro

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Supply

A

Micro

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Market

A

Micro

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Business organization

A

Micro

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Economic sectors

A

Macro

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Employment

A

Macro

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Inflation

A

Macro

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

National income

A

Macro

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Natural Sciences

A

Ethics, biology, chemistry, physics, statistics

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Abstract science

A

Mathematics, psychology, history, political science

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Social science

A

Sociology, geography

17
Q

Sociology

A

science that studies the composition of society

18
Q

political science

A

study of government structure, functions, responsibilities, and laws

19
Q

physics

A

The study of matter and energy

20
Q

mathematics

A

Science of numbers

21
Q

biology

A

study of living things

22
Q

history

A

science that records the struggle of man

23
Q

chemistry

A

Study the composition of chemicals

24
Q

Ethics

A

Science that deals with the morality of man

25
Statistics
Science that concerned with the collection and analysis of numerical facts and data
26
geography
Science about the study of physical features of a country