Supply and Demand
Resources
Miscellaneous
Trade
US Dollar
100
Supply and Demand has a(n) ______ relationship.
What is inverse?
100
What are the three types of resources?
What is Capital, Human, and Natural?
100
What is the most common type of business in the United States?
What is sole-proprietorship?
100
Moneyless societies use what method of exchange?
What is Barter?
100
Who controls the money supply?
What is The Fed?
200
If the price of something is too high what will happen to Supply?
What is increase?
200
Air is what type of Resource?
What is Natural?
200
What type of economic system does the United States have?
What is mixed?
200
How large is the national debt?
What is over $16 trillion?
200
What is the main source of money for the government?
What is income tax?
300
If something is really popular what will happen to the demand?
What is increase?
300
A tractor is what type of resource?
What is Capital?
300
What type of government does France have?
What is Socialist?
300
What makes international trade so complicated?
What is Foreign Exchange Rate?
300
Who owns the Fed?
What is Member Banks?
400
What will happen to supply and demand if they raise the price of a product to make it really expensive?
What is the supply will go up and the demand will go down.
400
A cook in a restaurant is what type of resource?
What is Human?
400
What is the basic problem that creates the need to make choices?
What is Scarcity?
400
Why is fiat money preferable to commodity money?
What is More Durable?
400
If the U.S. dollar is strong, is it worth more or less?
What is more?
500
What happens to supply and demand if there is a really good sale?
What is the supply will go down and the Demand will go up.
500
What is a machine an example of?
What is Capital?
500
What characteristic is used to describe entrepreneurs?
What is a Risk Taker?
500
What is a term for a trade that isn't forced but everyone benefits from?
What is Voluntary Exchange?
500
What tools does the Fed have to control the money supply?
What is discount rate, open market operations, and reserve requirements?
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