Econ 101

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Part ownership of a corporation
When one seller controls all production of a good
Payments from government to private businesses
An economy based on society's customs
What planet is not named after a god?
The use of technical knowledge and methods to create new products or make existing products more efficient
How many of the Jonas Brothers have diabetes?
Maximum price level
Free exchange of goods and services
Who hosted SNL on January 8th?
Sum of the fixed and variable costs
One good sacrificed for another
Economic rivalry that exists between businesses selling the same or similar products
A small price change causes a large change in demand
What shirt did Mr. Wies wear on January 10th?
A person who studies economics
One of the three economic questions
Tv Product
When sellers agree to set production levels or price levels
Opposite of Elastic Demand
The desire to make money
Goods used with other goods
Exclusive right to produce, use, rent, and sell an invention
An economy where the government answers all three economic questions
What element has the highest Electron Affinity?
People who buy things
Encouragement to behave a certain way
McDonalds is an example of this type of business organization
People who make things
A pizza a bicycle and a tennis shoe are...
Business owned and controlled by two or more people
A change in output generated by adding one more unit of input
What people carry in their wallets
When government decides distribution of a product
Production costs that don't change
Additional costs of producing one more unit of output
A cost that changes as the output changes
When did Mr. Wies graduate Waukee High School?
Bears eat...
When demand exceeds supply
When supply is more than demand
One of the three economic questions
One of the three economic questions
What is the date of the 2011 WHS Prom?
What room number is this?
The impulse that encourages people to fulfill their wants and needs
Limitations of the price system
Goods exchanged illegally
Lessening in value
Minimum price level
Rules to product the public
Economy where individuals answer the three economic questions
Money remaining after expenses
Businesses that are owned collectively by their members
Amount of a good or service consumers are willing or able to buy
Goods used to replace other goods
Fixed Costs
Another name for Authoritarian Socialism

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