Miscellaneous Quiz / Econ 101

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Can you name the Econ 101?

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

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