Factors of Production
Economic Systems
Business Organizations
PPC
Random
100
What are the four factors of production?
What is land, labor, capital and entrepreneurship
100
What are the three economic systems?
What is traditional, command, and market
100
Most common form of business organiziations?
What is sole proprietorship
100
What does the PPC measure?
What is opportunity cost?
100
Due to scarcity every society must make a ?
What is choice
200
Gold is an example of what factor of production?
What is land
200
Which economicsystem is slow to change?
What is market
200
If Walgreens and CVS combine, this is referred to as?
What is horizontal merger
200
Inefficiency is shown how on the graph?
What is Point inside the curve?
200
Using up goods and services to impress others is referred to as?
What is conspicuous consumption
300
Give an example of captial
What is Nissan factory
300
Which economic system has limited choice?
What is traditional?
300
Which organization(s) has limited life?
What is sole prorietorship?
300
What does a point on the curve mean and who determines de what point a country is onn the graph?
What is fully efficient and fully employed
300
What four groups make up society in economics?
What is consumers, produces, government, and foreign
400
Money used to buy tools, equipment, and factories is referred to as?
What is financial captial?
400
Which systems do NOT have the characteristic private property?
What is traditional and command
400
Give two examples of non profits
What is YMCA, school
400
Which good should a country produce to speed up the grate of growth?
What is capital goods?
400
What is the natural rate of unemployment?
What is 4-6%
500
Skill, effort and ability is referred to as
What is labor?
500
Which system does not use technology?
What is traditional
500
When Pixar was bought by Disney this was referred as
What is acquisitions?
500
What are the four assumptions of a PPC model?
What is two goods, technology is fixed, resources are fixed, and fully employed and fully efficent
500
Give an example of economic equity?
What is Food labels, laws against discrimination
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