Supply/Demand
If many consumers want (or demand) a particular good or service, its price will tend to go up. true or false
True
Choices can be legal, yet still be_______
What is unethical
Nintendo Wii is...
What is a want?
An approach toward decision making in which a person evaluates moral principles
What is Ethics
the treatment or consideration of making a distinction in favor of or against a person or thing based on the group, class or category to which that a person or thing belong rather than on individual merit
What is discrimination?
An economic term that describes the total amount of a specific good or service that is available to consumers.
What is supply?
Discrimination
Workplace Discrimination
Unfair treatment of staff
What are Examples of Unethical Business Practice
Water is...
What is a need?
A set of guidelines which govern behavior
What is Code of Ethics
Are things that you can see and touch
What is Goods?
When the books are 5 dollars and 1000 are made each week.
What is an example of supply?
is a person who buys and uses goods and services
What is a consumer
Julie, who is 8 years old says that she needs a new bike, her mother says that is a want. Julie is...
What is incorrect?
Becky has a friendship bracelet stand and after buying supplies and the sales are finished. The money left over is...
What are profits?
It is not always easy to determine the products and services that satisfy needs and those that satisfy wants. true or false
What is True?
An economic term referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.
What is Demand?
Making faces and crossing arms. neg or pos
What is negative body language?
A firefighter is an example of...
What is a human resource?
Writing down key points and watching the speakers body language.
What is an example of good listening?
The first step in the decision-making process involves
What is defining the problem?
is the point where supply and demand are equal.
What is Market price?
As price increases demand...
What is Decreases?
Trees are examples of...
What is a natural resource?
the resources are owned an controlled by the people of the country.
What is a market economy?
the resources are owned and controlled by the government.
What is command economy?