terms
inability to satisfy all wants and needs
What is scarcity?
a barter economy based on historical precedent
What is traditional?
sell resources to businesses
What are households(individuals )?
global ranking of McDonald's as a corporate earner
What is first?
country of origin for the coronavirus
What is China?
what is given up when a choice is made.
What is opportunity cost?
North Korea would be an example of a ________ economy.
What is command?
use resources to make products
What are businesses?
number of people in a partnership
What is 2 or more?
country of wildfires "down under"
What is Australia ?
supply and demand determines ________
What is price?
The U.S is an example of a _______ economy.
What is mixed?
provides public goods and services
What is government? taxes
number of owners in a proprietorship?
What is one?
U.S. state hardest hit by the coronavirus
What is Washington?
natural and capital are types of _________
What are resources?
minimal government interference with private ownership of resources
What is a free market?
three components of circular flow
What are households, businesses, and government?
number of sectors in the U.S. economy
What are two? public and private
baseball team accused of cheating during the 2017 World Series
Who are the Houston Astros?
money the government gets in the form of taxes is called __________
What is revenue?
method used to determine the difference between the types of economies
What is the amount of government involvement?
decision makers for the private sector in the U.S. economy
Who are individuals and businesses?
double jeopardy: your team can risk up to 1000 points on this question
largest internet-based retailer, began operations in 1995.
first name of the news anchor on CNN10
What is Carl?