Resources
Business
Economy
Government
Potpourri
100
Land, Timber, Oil, Water
What is an example of a natural resource?
100
Consumer
What is another name for buyer?
100
A mixed free market economy.
What kind of economy does America have?
100
Annual Federal Budget
What is what the President submits to Congress or a regular plan for spending?
100
Effect of low supply and high demand of a good or service.
What is the prices will rise?
200
This occurs when there is little of something available.
What is Scarcity?
200
Prices may increase when this happens.
What happens to prices when a retailer assumes a demand for a product will rise or when supply is low?
200
The post office is this.
What is an example of a publicly funded organization?
200
Government interference
What is what doesn't try to interfere with a free market economy?
200
Ice Melt and batteries.
What is something I would buy if a strong storm was predicted?
300
Workforce
What is another word for labor?
300
supply and demand
What can affect prices rising or lowering?
300
barter
What is a way to obtain goods or services without exchanging money?
300
Monopoly
What is a single company owning a bigger share of a product line than they should?
300
They can be called Revenues
What is another word for taxes?
400
These must be used carefully because they will not be on Earth forever.
What are natural resources?
400
The USA is in a this right now, but it is getting better.
What is a recession?
400
When the unemployment rate was at 25%.
What is The Great Depression?
400
What socialism tries to do.
What is an attempt at equalizing or distributing the personal wealth of citizens?
400
This may affect the prices of snowblowers.
What might rise when a snowstorm is predicted?
500
When resources are in short supply and demand is high.
What is prices rising?
500
Someone who starts his own business and assumes all risk.
What is an entrepreneur?
500
When people are free to buy and sell products and services with little government intervention.
What is Capitalism?
500
A plan for your expenses and your earnings.
What is a budget?
500
What is left over when all your expenses are paid.
What is profit?
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