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Section 1
Section 2
Section 3
Vocabulary
Extra Information
100
in a circular flow of economic activity, producers need the following three resources to create goods
what are labor,land, and capital
100
what payment do businesses exchange for factors of productions?
What is rent,interest,and wages and salaries
100
why is labor different from other factors of production?
What is workers care about wages and working conditions
100
the payment for the use of capital
What is interest
100
fast-food worker across the U.S. are striking as part of a larger campaign to?
What is demand higher wages for hourly jobs
200
producers made moe shirts to sell at $60 than they did at $40. this shows?
what is the law of supply
200
what is not an example of how businesses are owned in our economy?
What is a stock market
200
what set the stage for the modern labor movement?
What is the Wagner Act and start of the CIO
200
a business owned by an individual
What is a sole proprietorship
200
in part as a result of demands from the civil rights movement, the wage in the late 19602 was the equivalent of about $10. true or false?
What is true
300
what payment do producers exchange for the use of capital?
What is interest
300
entrepreneurs are motivated to start businesses in order to?
What is earn profit
300
what is not an example of a service-oriented business?
What is a automobile manufacturer
300
a person who starts a business
What is a entrepreneur
300
what is the lowest hourly wage allowed?
What is $7.25
400
our free market economy depends on circular flow of
What are goods and services,money,and labor
400
large corporations have grown in importance because they?
What is produce goods and services more efficiently
400
what was the primary cause of the rise of labor unions?
What is workers had little power over wages and working conditions
400
the price at which buyers and sellers agree to trade
What is market price
400
what is the wage in Washington State?
What is $9.19
500
what,along with price,affects the demand for products?
What are advertising,styles of fashion,and popularity of brands
500
an advantage of a sole proprietorship is that the owner?
What is keeps all profits
500
wage labors in the 1800s suffered because of?
What is low wages,boring,dangerous jobs,and long workdays
500
a business that is separate from the people who own it and legally acts as a single person
What is a corporation
500
what does minimum wage fail to keep up with?
What is inflation