Econ 101

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Can you name the Econ 101?

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

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