Show:
section 1
section 1 & 2
section 2
section 2 & 3
section 3
100
the price at which buyers and sellers agree to trade
What is a market price?
100
rent, interest, wages and salaries
what payments do businesses exchange for factors of production.
100
entrepreneur
what is the person who starts a business called
100
in order to raise large amounts of money
why do corporations sell stock?
100
workers care about wages and working conditions
Why is labor different from other factors of production?
200
the payment for use of capital amount of a product or service
What is intrest
200
keeps all profit
What is an advantage of a sole proprietorship os that the owner:
200
a type of business in which 2 or more people share ownership
What is partnership
200
false
true or false: during a strike, workers stay on the job but they wok more slowly
200
collective bargaining
What is not a a weapon used by unions or employers in the early days?
300
amount of a product or service buyers are willing to buy at different prices
What is demand
300
goods and services, labor, and money
our free market economy depends on a circular flow of
300
a business owned by an individual
What is sole partnership?
300
true
true or false: workers formed labor unions to help improve wages and working conditions and to protect their rights
300
false
true or false: unions sometimes urge their members, as well as the public, to boycott, or buy out, a product
400
labor, land, and capital
in a circular flow of economic activity, producers need the following three recourses to create goods:
400
stock market
what is not an example of how businesses are owned in our economy?
400
a business that is separate from the people who own it and legally acts as a single person
What is corporation?
400
automobile manufacturer
What is not an example of a service-oriented business
400
true
true or false: in collective bargaining, representatives of a union and a business try to agree about wages and working conditions
500
laws of supply and demand
the market price is determined by the
500
produce goods and services more efficiently
large corporations have grown in importance because they
500
because they earn a profit
Why are entrepreneurs motivated to start businesses
500
Wagner act and start of the CIO
What set the stage for the modern labor movement?
500
low wages, boring and dangerous jobs, long workdays
why did wage laborers in the 1800s suffered?