CIVICS ECONOMIC Unit I

An example of a traditional economy is:

This is a clear mascot of a:

CEO stands for:

How do stocks pay those who invest?

Capitalism encourages all EXCEPT for:

Which of the following is NOT a factor of production:

Jim's 1 Hr Air Conditioner Service is run only by Jim. He pays expenses and employees. He is a:

All human effort to produce good and services is known as:

Mr. McBozo hires 20 new employees for help with is swimming pool company. This is an example of need for:

What is profit?

Which of the following would be an example of?

Having watched SharkTank, which do you feel is most important to the sharks when they watch a presentation?

The right to buy and sell goods as you see fit is the:

The Saints front office decides to reduce the price of 2020 suite/box tickets by 400 dollars. Customer's Demand?

The lack of a particular resource such as land is known as:

A business in which 2 or more people share all responsibilities, costs, and profits:

Capitalism can best be described as:

The Law of Supply states that:

When a supplier has too much of a good/service, he/she has a:

Stocks are purchased in the form of

A command economy is at the opposite end of the spectrum from a:

The United States is a mixture of principles of a little Command economy and a major model of:

The term for when both consumer and seller are satisfied with both price and units sold...

In a market economy, people want to pursue a______________to make as much money as possible.

This person assumes the risk of a business (The think tank person who creates it):

The country which is closest to being a command economy is:

A corporation's Board of Directors chooses:

Monopolies would essentially eliminate our desire for________________

Alexander and his friend Roman want to start a lemonade stand. What month would be best?

Which of the following is NOT an example of capital and what it provides:

At the highest level of a corporation would be:

Buyers demand more products when prices are:

The nation closest to a market economy is:

An example of a non-profit organization would be a(n):

The USA's large businesses are structured and are called:

Buying stock is ownership, but a bond is a:

The Sweetheart Dance tickets go on sale and start at 100 dollars. Clearly, this will affect:

The interaction of buyers and sellers is the:

The cost of lobster went from a very odd and cheap $4.99 a pound in March to $27.99 in April. This is likely due to

The basic premise/bottom line of Free Enterprise is: