Miscellaneous Quiz / Econ 101

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Can you name the Econ 101?

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

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