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200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 Your Mom Its Almost Over Buh Bye Peace Out Home Skillet.

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Presentation on theme: "200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 Your Mom Its Almost Over Buh Bye Peace Out Home Skillet."— Presentation transcript:

1 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 Your Mom Its Almost Over Buh Bye Peace Out Home Skillet

2 Automobiles and car insurance are examples of these types good and services

3 Complimentary goods and services

4 Capital, human, and natural are these types of resources

5 Productive Resources

6 Reason why becoming an entrepreneur is so risky

7 More than half of all businesses fail within the first 4 years

8 The medicare program taking funding away from other beneficial government programs is an example of this

9 Opportunity Cost

10 If a company considers changing their production, looking at the production possibility curve of a decision would show them this

11 The opportunity cost

12 If an entrepreneur closes a business in order to attend an event, this would be their opportunity cost

13 Lost income

14 When comparison shopping, you are actually looking at this aspect of the purchase

15 Opportunity Cost

16 In a manufacturing business, this would be considered the capital

17 Machines used to make the goods

18 Marxism is about this types of economic system

19 Command Economy

20 Inherited resource ownership and large numbers of workers engaging in subsistence farming characterize this type of economy

21 Traditional Economy

22 Businesses and consumers driving the economy describes this type of economy

23 Market Economy

24 Choosing a CD instead of a savings account has a higher this because it is invested for a longer period of time

25 Opportunity Cost

26 A decrease in demand greater than a decrease in supply will result in this

27 Lower Equilibrium Price

28 If consumers are willing to pay a higher price for something then the demand for that product is considered this

29 Price inelastic

30 When demand of a product is less than the quantity supplied, this is the result

31 Surplus

32 The Securities and Exchange Commission regulates this

33 Purchase and sales of stocks

34 Reason why patents are a barrier to the market

35 They prevent competition from making similar products

36 The reason for the government doing this would be to ensure that all workers receive a living wage

37 Raising minimum wage

38 A downturn in GDP for 2 or more consecutive quarters

39 Recession

40 An increase in labor productivity will result in this

41 An increase in aggregate supply

42 The government would increase spending during this

43 Recession

44 The federal government having to declare that the dollar is legal tender, proves US money is this

45 Fiat Money

46 Too much money chasing too few goods

47 Inflation

48 This government program started during the NEW DEAL was to safeguard the savings of people if banks failed

49 FDIC

50 Putting coins in a jar is an example of money’s this

51 Store of Value


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