Econ 101

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

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