A period of increased economic or business activity.
What is Expansion?
100
A temporary downturn in economic activity, usually indicated by two consecutive quarters of a falling GDP.
What is Recession?
100
Producer Price Index
What is (PPI)?
100
A recurrent change in the total business activity of a country.
What is the Business Cycle?
100
Economy with NO government intervention, businesses compete and individuals direct the choices
What is Market Economy?
200
The regaining of something lost.
What is Recovery?
200
Period when excess aggregate supply overwhelms aggregate demand, resulting in falling prices, unemployment problems, and economic contraction.
What is Depression?
200
Consumer Price Index
What is (CPI)?
200
A person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk; skills of people who are willing to invest their time and money to run a business.
What is Entrepreneurship?
200
Economy CONTROLLED by the government
What is Command Economy?
300
All things used to produce goods and services.
What is a resource?
300
Insufficiency or shortness of supply; difference between want, needs and resources.
What is Scarcity?
300
Gross Domestic Product
What is (GDP)?
300
The quality, state, or fact of being able to generate, create, enhance, or bring forth goods and services.
What is productivity?
300
Land, Labor, Capital and Entrepreneurship
What is The Factors of Production?
400
Uncopyrightable
What is the only 15 letter word that can be spelled without repeating a letter?
400
Bananas
What does reindeer like to eat?
400
Gross National Product
What is (GNP)?
400
The basic, underlying framework or features of a system or organization; roads, defense, railroads, leadership, governance, ports, sanitation.
What is Infrastructure?
400
Thrifty management; frugality in the expenditure or consumption of money, materials.
What is an economy?
500
A cabbage leaf.
What did Babe Ruth wear under his cap that he changed every 2 innings?
500
2-6 years of age
What age does a childs knee caps appear?
500
Toothpick
What is the object most often choked on by Americans?
500
Strawberry
What is the only fruit that has its seeds on the outside?
500
Addresses basic questions such as what, how and for whom; more of agriculture economy