Miscellaneous Quiz / Econ 101

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Can you name the Econ 101?

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

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