Miscellaneous Quiz / Econ 101

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QUIZ: Can you name the Econ 101?

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

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