Econ 101

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

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