Principles of Our Market Economy
Business in our Economy
Labor and Jobs in Our Economy
Vocabulary
Section Quizzes
100
A, B, and C
Which payment do major businesses use? A. Rent B. Interest C. Wages and Salaries
100
Factory Jobs
What is type of jobs has america lost a lot of?
100
It is when, workers stay on the job, but they work more slowly.
What is a slow down?
100
Labor, Land, and Capital
What is are the three main things needed for circular flow?
200
Its when owners want to sell their goods at a high price but sell less goods at a low price
What is the law of Supply?
200
An easy way to make money.
What is stock?
200
Partnership
What is the name of a business that is owned by two people?
200
A person who starts a business.
What is a entrepreneur?
200
When they are low more people will buy.
The law of demand says that when product prices change what happens?
300
The payment for the us of capital.
What is Interest?
300
Make Profit!
What is a entrepreneurs goal.
300
Boycott
What is the name of a term of defense workers use to get people to not buy their bosses stuff?
300
It is a business owned by one person.
What is a sole proprietorship?
300
A, B, and C
Along with prices what else effects demand? A. Advertising B. Styles of Fashion C. Popularity of Brands
400
D
What is the type of economic decision might a farmer make? A. What crop to grow B. Whether to use pesticides C. What kind of equipment D. All of the above
400
Because they sell good stuff.
Why have large corporations have grown in importance?
400
All of the Above
Why did wage laborers suffer in the early 1800's? A. Heat B. Low income C. Dangerous Jobs
400
It is the amount of a product of service buyers and owners are willing to buy at different prices.
What is demand?
400
Goods and Services
What is the depended upon in circular flow
500
Desires
What is the influence that makes the three basic economic decisions?
500
B
What is not an example of how businesses are owned in our economy? A. Corporation B. Sole Proprietor C. Stock Market
500
A
What is an advantage of a sole proprietorship? A. Keeps all profits B. Raises all money to work C. Is responsible for all dept.
500
The price at which buyers and sellers agree to trade.
What is market price?
500
Interest
What is market price determined by?