Economics Review

The law of Supply states that as prices increase, quantity supplied...

What is it called when there is joblessness among those who are actively seeking work?

Approximately what percentage of businesses fail within the first few years?

What is a reason a business might fail in the first few years?

What happens when the quantity demanded is greater than the quantity supplied?

What do businesses hope to have at the end of each year?

The law of Demand states that as prices increase, quantity demanded....

How do small businesses contribute to the economy?

Who is an example of an Entrepreneur?

If a Wendy's opened next to a McDonald's, what would probably happen to the price of burgers?

Inflation is described as...

What does GDP stand for?

Which of the following is an example of a Monopoly?

What happens when the quantity supplied is greater than the quantity demanded?

What business is an example of an Oligopoly?