Show:
Economic Crisis
Supply & Demand
Production & Profit
Economic Systems & Government Intervention
100
This is what it's called when the economy begins to do better.
What is a recovery
100
When price rises, THIS happens to supply.
What is also rise, or increase?
100
THESE are the three factors of production.
What is LABOR, LAND and CAPITAL?
100
A planned economic system is called THIS
What is socialism?
200
These are the FOUR stages of the business cycle.
What is EXPANSION, SLOW DOWN, RECESSION, RECOVERY
200
When prices rise, THIS happens to demand.
What is decrease?
200
Leather would be considered to be THIS type of factor of production.
What is LAND?
200
The law of supply and demand operates in THIS economic system.
What is capitalism?
300
This is what caused the Great Recession of 2008.
What is overproduction, or too much supply, not enough demand?
300
This is the price where supply and demand meet.
What is equilibrium?
300
THIS is the best way to make profit.
What is cut labor costs?
300
An industry is considered "capitalist" if it is this.
What is owned by an individual, or private?
400
When the stock market drops rapidly and deeply, it is called this.
What is a CRASH?
400
Supply increases when prices increase because of THIS reason.
What is businesses want to make more money with their products?
400
THIS is one way that companies can cut labor costs.
What is (hire immigrant workers, layoffs, technology, etc.)
400
The two ways that government provides economic security are this.
What are social security and public assistance?
500
This needs to happen to get out of a recession.
What is people need to buy more stuff, or demand needs to increase?
500
THESE two factors can influence "supply and demand" theory.
What is TRENDS and NEED for products?
500
Investments in a company can be considered THIS type of factor of production.
What is CAPITAL?
500
This is called fiscal policy
What is when the government controls its spending and collecting?