Econ 101

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Can you name the Econ 101?

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

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