Econ 101

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

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Created Jan 7, 2011ReportNominate
Tags:101, econ