Econ 101

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Can you name the Econ 101?

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

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