Miscellaneous / Econ 101

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Can you name the Econ 101?

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

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