Econ Review Unit 1

Trees, oil, minerals and water are all part of what factor of production?

Which IS NOT a member of the Beatles?

The next best alternative as a result of a decision is measured as a ____________.

The economic word _________, which means“additional.” 

What year did the first graduating class graduate from Eastview High School?

A __________________shows all possible combinations of two goods that an economy can produce.

_______ refers to the special talent that some people have for searching out new business ideas

_________ is the study of how people use scarce resources to satisfy unlimited wants and needs.

Which of the following is Ms. Newton's legal last name?

Having no government regulations or restrictions is known as a _______ market.

Who performed at the 2014 Super Bowl Half-Time show?

Economic System based on habits, rituals and customs.

Scarcity forces people and governments and companies to make ___________?

Who sang “Hit Me Baby One More Time”? 

A communist system of government produces what type of economic system?

This is a way to decide who gets what portion of all the resources and goods available.

In _________, economist look at the small picture.

_____________ is defined as the growing integration of the national economies of the world. 

When more of one thing necessarily means less of something else!

The term Laissez-Faire means what?

What is Newton's first name...?

The “ Father of Capitalism” is _________? 

___ believed that capitalists, in pursuing their self-interest, actually exploited the workers.

This highly addictive stimulant is something you should NEVER do.

Work done for a company by people other than the company’s employees is called _____?