Econ 101

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Can you name the Econ 101?

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

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