$100 $400 $300 $200 $400 $200 $100$100 $400 $200$200 $500$500 $300 $200 $500 $100 $300 $100 $300 $500 $300 $400$400 $500

MACRO- ECONOMICS

DEMAND

SUPPLY

BUSINESS ORGANIZATIONS

VOCABULARY

MACRO-ECONOMICS DEMAND SUPPLY BUSINESSORGANIZATIONS VOCABULARY $100 $300 $200 $400 $500 $

C 1 - $100 Entrepreneurs are considered the driving force in our economy because they….

C 1 - $200 Which group of people immediately determines what our economy produces?

C 1 - $300 What is the best way to describe the U.S. economic system?

C 1 - $400 In a market economy a high price is a signal for …

C 1 - $500 Business receipts (revenue) - (Minus) Business expenses (costs) = ?

C 2 - $100 The demand curve shifting to the left represents this?

C 2 - $200 Movement along the demand curve represents this

C 2 - $300 When the demand curve shifts to the right it represents this right it represents this

C 2 - $400 An increase in consumer’s income will cause the demand curve to do this

C 2 - $500 Customers’ willingness to replace a costly item with a less costly item is an example of this

C 3 - $100 Movement along the supply curve represents this

C 3 - $200 The supply curve shifting to the right represents this?

C 3 - $300 How would a change in price be shown on the supply curve?

C 3 - $400 New technology that increases production will cause the supply curve to do this

C 3 - $500 This occurs when the quantity supplied is greater than the quantity demanded

C 4 - $100 When a major car company lowers its prices other car companies will do what?

C 4 - $200 Many businesses are engaging in e-commerce because ……

C 4 - $300 In which type of business org. do the owners earn dividends?

C 4 - $400 A large number of buyers and sellers is a characteristic of this type of competition

C 4 - $500 An inactive partner in a limited partnership has this type of liability

C 5 - $100 We become better decision makers by studying this

C 5 - $200 The diamonds and water paradox is also called this

C 5 - $300 Manufactured goods needed to produce other goods are called this

C 5 - $400 Profit-maximizing level of output is reached when marginal cost equals?

C 5 - $500 The federal minimum wage is an example of which social and economic goal?

C 1 A - $100 Start new businesses $

C 1 A - $200 consumers $

C 1 A - $300 Modified Free Enterprise System $

C 1 A - $400 Producers to supply more And Consumers to buy less $

C 1 A - $500 $Profit

C 2 A - $100 A decrease In demand $

C 2 A - $200 A change in quantity demanded $

C 2 A - $300 An increase in demand $

C 2 A - $400 Shift to the right $

C 2 A - $500 Thesubstitutioneffect $

C 3 A - $100 A change in quantity supplied $

C 3 A - $200 An increase in supply $

C 3 A - $300 Movement along the supply curve $

C 3 A - $400 Shift to the right $

C 3 A - $500 A surplus $

C 4 A - $100 Lower their prices $

C 4 A - $200 Lower fixed costs or lower overhead $

C 4 A - $300 corporations $

C 4 A - $400 Perfect competition $

C 4 A - $500 $ Limited liability

C 5 A - $100 economics $

C 5 A - $200 $ Paradox of value

C 5 A - $300 Capital goods $

C 5 A - $400 $Marginalrevenue

C 5 A - $500 $Economicequity

Market structures $ FJ Topic

FJ Question $ Type of monopoly based on control of a manufacturing process or scientific advance

FJ Ans $ Technological monopoly

END OF GAME