Show:
lesson 1
lesson 2
lesson 3
mix 1
mix 2
100
what is distributing
What is to give out; to deliver
100
what is opportunity cost
What is the cost of the next-best use of time and money when choosing to do one thing or another
100
what are consumers
What is people who buy goods or services
100
what is an individual
What is a person
100
what is competition
What is efforts by different businesses to sell the same good or service
200
what is scarcity
What is What is the situation of not having enough resources to satisfy all one's wants
200
what is fixed costs
What is an expense that does not change no matter how much a business produces
200
what are producers
What is people who provide goods and services
200
what are wants
What is desire individuals and nations have that can be met by getting a good or a service
200
what is shortage
What is situation in which quantity demanded is greater than quantity supplied
300
what is mixed market economy
What is system combining characteristics of more than one type of economy
300
what is trade off
What is the alternative you face if you decide to do one thing rather than another
300
what is demand
What is the amount of a good or service that consumers are willing and able to buy over a range of prices
300
give an example of a mixed market economy
What is united states
300
what is marginal costs
What is the additional or extra opportunity cost associated with each increase of one unit of sales
400
what is resources
What is all things that can be used to make goods and services
400
what is total cost
What is the combination of all fixed and variable costs
400
what is supply
What is the amount of goods and services that producers are willing and able to sell at a range of prices
400
what is command economy
What is an economic system in which the major economic decisions are made by the central government
400
what is varies
What is to change
500
what is the economic system
What is a nation's way of producing things its people wants and needs
500
what is revenue
What is the money a business receives from selling its goods or services
500
what is surplus
What is situation in which quantity supplied is greater than quantity demanded
500
what is option
What is something that is chosen
500
what is marginal revenue
What is the additional income received from each increase of one unit of sales