Show:
Chapters 1 & 2
Chapters 3 & 4
Chapters 5 & 6
Chapters 7 & 8
Chapters 9 & 10
100
The study how people choose to use their limited resources to satisfy their unlimited wants.
What is Economics.
100
The fairness with which an economy distributes its resources and wealth.
What is Economic Equity.
100
Quantity of a good or service that consumers are both willing and able to buy at various prices.
What is Demand.
100
A market structure in which a single producer supplies a unique product that has no close substitues.
What is Monopoly.
100
A business owned and managed be one person.
What is Sole proprietorship.
200
Puzzles or riddles that might be explained through an economic analysis.
What is Economic Enigmas.
200
The ability to make our own economic decisions without interference from the government.
What is Economic Freedom.
200
The quantity of a good or service that producers are willing and able to offer for sale at various prices.
What is Supply.
200
What is the third type of monopolies?
What is natural monopoly.
200
Business owned by two or more co-owners.
What is Partnership.
300
The exchange of one benefit or advantage for another that is thought to be better.
What is Tradeoffs.
300
The 3 basic economic questions.
What is what will be produced, how, and for whom will it be produced.
300
The controlled distribution of a limited supply of a good or service.
What is Rationing.
300
Saving can help you fund your______.
What is Retirement
300
Relocating work and jobs to another country.
What is Offshoring.
400
Then tools, machines, buildings used to produce goods and services.
What is Capital.
400
Both the government and individuals play important roles on the production and consumption.
What is Mixed Economy.
400
Government- imposed limits on the prices that producers may charge in the market.
What is Price Control.
400
Anything owned to which a market value can be assigned.
What is Assets.
400
A difference between wages earned by various groups in society.
What is Wage Gap.
500
What does PPF stand for?
What is Production Possibilities Frontier.
500
Trade increases ______.
What is Wealth.
500
What kind of cat cheats off a test.
What is Cheetah.
500
Setting aside a portion of income for use in the future.
What is Savings.
500
____-to-work law.
What is Right.