Supply & Demand
Market Structure
Economic Systems
Factors of Production
Economic Theories
100
The willingness to buy a good or service...
What is... Demand
100
*Blank* is how different industries are classified and differentiated based on their degree and nature of competition for services and goods.
What is... Market Structure
100
A means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country.
What are... Economic Systems
100
Land, Labor, Capital and Entrepreneurship are...
What is... Factors of Production
100
The study of relationships in the economy...
What are... Economics theories
200
What does the graph show?
What is... Supply
200
What is this an example of
What is... Perfect competition
200
True or False:
Market economy is an economic system.
What is... True
200
What factor of production requires money?
What is... Entrepreneurship
200
Which law is an example of Economic theories?
What is... the law of Supply& Demand
300
True or False: As the price of apples rises, the quantity demanded for apples falls.
What is... True
300
... Is the most difficult Market structure
What is... Monopoly
300
Is Sweden being a mixed economy an economic system?
What is... YES!
300
What factor of Production is this?:
The work done by the waiter who brings your food at a local restaurant.
What is... Labor
300
This is an example of Economic Theories
What is... Scarcity
400
What is the center of the supply and demand graph called?
What is... Equilibrium Price
400
Factors that make it difficult for new firms to enter a market are called...
What are...barriers to entry
400
True or False:
Revisionist is an example of Economic Systems.
What is... False
400
True of False:
Money is a factor of production.
What is... False
400
True or False: Laissez-faire is an economic philosophy of free-market capitalism.
What is... True
500
Does a change in taxes affect the demand, supply or both?
What is... Both
500
Market Structure: Yes? or NO?
Many airline industries around the world are oligopolies.
What is... Yes
500
Is Natural economy an economic system?
What is... NO!!!
500
What is the most scarce factor of production?
What is... Land
500
True or False:
The invisible hand is an economic theory?
What is... False