Show:
Markets, Monopolies, and Competition
The Factors of Production
Profits and Productivity
U.S. History
Civics
100
Define Goods
What are products made to be sold
100
Natural Resources
What is anything found in nature that can be used in the production of goods and services also known as raw inputs
100
Market Economy
What is an economy where people are free to decide what, how, and for whom to produce goods for
100
The Anti Slavery Amendments (#'s)
What are the 13th, 14th, and 15th amendments
100
# of Senetors
What is 100
200
Define Service
What is useful work that does not create an actual product but meets someone's need and is sold in the market
200
Labor
What is efforts of people who turn natural resources into goods and services
200
net income
What is the amount left after total expenses are subtracted from income
200
Two actions the colonists attempted before declaring independence from Great Britan
What is boycotts, letters, The Boston Tea Party
200
# of Representatives that can vote
What is 435
300
Define Market
What is a relationship that makes buying and selling easier
300
Capital
What is equipment used to process natural resources into goods and services
300
Productivity
What is the amount of goods and services a worker can produce over time
300
Suprise attacked the U.S. in WWII
What is Japan
300
Checks and Balance
What is a system that prevents one branch from becoming too strong
400
Define Competition
What is the process of offering price, quality, or other advantages to gain the business of a buyer
400
Entrepreneurship
What is human creativity that produces new products or services
400
Depreciation
What is a decrease in value
400
Communism
What is an economy that the gov't controls all aspects of production
400
"Judges the Laws"
What is the Supreme Court
500
Define Monopoly
What is the control or domination of an industry by a single supplier
500
Scarcity
What is something that is rare or in short supply
500
Incentive
What is encouragement to try new ideas or invent new products
500
4 causes of WWI
What is imperialism, alliances, militarism, and nationalism
500
"Executes the Laws"
What is the Executive Branch