Macroeconomics
Microeconomics
International
Personal
Fundamentals
100
A battle between companies that offer similar goods and services.
What is competition
100
buy factors of production , sell products
What is Business
100
Next best alternative
What is Opportunity cost
100
Monthly expense that changes
What is variable expense
100
unlimited wants and limited resources
What is scarcity
200
unlimited wants and resources
What is scarcity
200
According to the circular flow diagram, what occurs in the Product Market and the Resource market?
What is Firm sell household purchuse
200
easiest to start
What is Sole Proprietorship
200
Actions of the federal reserve to stimulate the economy and control the money supply
What is Monetary Policy
200
Land, Labor, Capital, Entrepreneurship
What are the four factors of production?
300
Example of utility companies are those that supply
What is Health care
300
Issues is the government addressing when they use a price floor
What is surplus
300
3 economic system
What is Market, Command, Traditional
300
Actions done by the government (congress and president) to increase GDP and stabilize inflation
What is Fiscal Policy
300
GDP Formula and terms
What is C+I+G+(X-M) Consumption Investment Government X)Exports M)Imports
400
Another word used to describe a warranty might be
What is guarantee
400
Measure producer response to a price change
What is Price Elasticity
400
Business Cycle
What is Peak,recession, trough, recovery
400
Board of governors, 12 regional banks, and the FOMC (Federal Open Market Committee)
What is Structures of the FED
400
Graph that shows the combinations of 2 goods that can be produced in an economy or company given their resources
What is Production Possibilities Curve (PPC or PPF)
500
A large number of farmers all sell identical wheat
What is Perfect competition
500
3 types of businesses
What is sole Propriorship, Partnership, Corporation
500
Monetary and Fiscal Policy have in common
What is stabilize prices, reduce unemployment and economic growth
500
Monetary Policy : Actions of the FED
What is discount rate, reserve requirement, and Open market operations
500
Both countries refuse to trade *I don't like you
What is embargo?
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