The Basics_
Stock Markets_
Types of Economies_
Supply & Demand_
Random_

100

The basic economic problem that arises because people have unlimited wants but resources are limited. Because of it, various economic decisions must be made to allocate resources efficiently.

scarcity

100

type of security that gives a person a share of ownership in a company.


Stocks


100

What do we call the economy where the 3 basic economic questions are addressed according to custom (or the way things have always been done).

a traditional economy

100

The willingness and ability to purchase goods and services at particular prices.

demand

100

 What is the primary reason for a company to issue stock?

To raise money to grow the company

200

the benefits you could have received by taking an alternative action.

opportunity cost

200

where traders buy and sell shares of companies on a public exchange.

Stock market


200

The 3 most basic economic questions a community, society, or nation must answer.

1. What to produce?

2.  How to produce?

3.  For whom to produce?  

200

The willingness and ability to produce goods and to provide services at particular prices.

supply

200

How do you satisfy your unlimited wants in a world of limited resources?

by making choices

300

The process by which economic resources get assigned to their particular uses for directly or indirectly satisfying human wants. 

Allocation of resources

300

The act of committing money with the expectation of achieving a profit by putting it into shares or property

Investing/Investment


300

What do we call Land, water, and fossil fuels?

natural resources  

300

things that people desire to have

Wants

300

If the supply of the good goes up, what happens to the market price?

Fall

400

A person who buys goods and services

Consumer

400

Name one of the major stock exchanges in the United States.

the New York Stock Exchange/NASDAQ/DOW  

400

The 3 basic economic questions are addressed by buyers (consumers) and sellers (producers) alone

free market economy

400

the science that studies the choices of people trying to satisfy their wants in a world of scarcity

Economics

400

Owning a share of stock means

you own a part of a company

500

If there are 25 students that need a social studies textbook, but the teacher only has 20, this is an example of what?

Scarcity

500

The process of offering shares in a private corporation to the public for the first time.


IPO (initial public offering)

500

system of exchange where participants in a transaction directly exchange goods or services for other goods or services without using money


Barter system

500

the market price where the quantity of goods supplied is equal to the quantity of goods demanded.  

equilibrium price

500

What do we call a company owned by families or a small number of investors and do not issue stock to the public?

private company