Business Organizations
Business Cycle
Inflation & GDP
Economic System
Mystery!
100
No special taxes, unlimited liability, easy to manage, complete ownership, difficult to raise capital
What is Sole Proprietorship
100
Low unemployment is an important characteristic of this stage
What is Expansion
100
Under 4% is considered a low rate of
What is Inflation
100
Increases productivity of labor
What is new technology
100
What happens to value of money when inflation rates are high
What is devalues
200
This business organization sells shares to raise capital
What is Corporation
200
High unemployment and high levels of inflation could indicate the business cycle is entering...
What is Recession
200
From 4-6% is considered a healthy rate of
What is Unemployment
200
In economics, the free enterprise system allows the government to
What is regulate product safety
200
GDP stands for
What is gross domestic product
300
This amendment protects individual property owners?
What is 5th amendment
300
GDP is at its lowest rate
What is Trough
300
GDP is a measure of
What is economic activity (growth)
300
Decreasing the amount of labor and increasing inventory will result in
What is economic growth
300
Current US GDP
What is $18 trillion
400
Organization in which one person holds all liability and other only invests money
What is Limited Partnership
400
Point of the business cycle with high inflation but low unemployment
What is Peak
400
GDP at current prices (not adjusted for inflation)
What is nominal GDP
400
Economic growth would result from
What is increased productivity
400
Your favorite Economics teacher
Who is Ms. Jensen
500
Partnership that is only available to professionals such as doctors, lawyers, accountants, etc.
What is Limited Liability Partnership (LLP)
500
4 things that affect the business cycle
What is Business investment, interest rates and credit, consumer expectations, external shocks
500
Current US inflation rate
What is 12%
500
High unemployment rate percentage
What is Higher than 6%
500
Country with highest GDP per capita
What is Qatar
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