A
B
C
D
E
100

What is economics?

Economics is the study of the production, distribution, and consumption of goods and services.

100

Limited resources to meet unlimited wants—what does this refer to?

Scarcity

100

Mixed Economic Systems?

An economic system that combines both elements of command and market economies. 

100

The efforts of corporations to contribute to social causes, often through donations or community service.

Corporate Philanthropy

100

I provide financial aid and technical support.
Helping nations grow and build trade's strong fort.

World Bank

200

True or False: 

In a command economy, the government makes all decisions regarding production and pricing.

True 

200

A resource that is often considered to have a limited supply.

Natural Resources 

200

Give examples of durable goods. 

Car, table, computer, sofa, chair, cellphones, etc., that can be used over and over again. 

200

What is corporate social responsibility? 

CSR is the idea that businesses should act ethically and contribute positively to society. 

This includes being environmentally friendly, treating employees fairly, supporting local communities, and being transparent about their practices.

200

I prevent unfair pricing and ensure trade stays fair.
Imposing tariffs on imports.

Antidumping Laws 

300

Goods? 

Goods are defined as physical items that can be purchased.

300

Factors of Production? 

Land, Labor, Capital and Entrepreneurship

300

Employees, managers, owners, board of directors, shareholders—Who are these people in a business? 

Internal stakeholders 

300

customers, suppliers, investors, government agencies, community members, media, and competitors—who are these people in a business? 

External stakeholders 

300

I bring nations together to negotiate and agree. 
Reducing trade barriers so that goods flow freely.

WTO

400

The value of the next best alternative that you give up when you make a choice.

Opportunity Cost 

400

The process of focusing on a specific task to increase efficiency.

Specialization 

400

Small-scale economics (individual and business-level decisions)

Microeconomics 

400

The term social impact refers to the effect an organization’s actions have on who? 

Society or Community

400

I offer financial support to stabilize the land,
With policy advice to help economies stand.

IMF

500

Internal or External? 

A company is restructuring its management team to improve productivity.

Internal 

500

In this economy, consumers with their choices drive what is produced and prices.

Market Economy

500

Big-scale economics (economy as a whole)

Macroeconomics 

500

Anti-dumping Laws 

World Trade Organization (WTO)

World Bank 

International Monetary Fund (IMF)



Agencies that Promote Trading Globally

500

What are the agencies that promote World Trade? 

Anti-dumping Laws 

World Trade Organization (WTO)

World Bank 

International Monetary Fund (IMF)