Miscellaneous Quiz / Econ 101

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Can you name the Econ 101?

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

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