Econ Intro

Two or more companies joining together that relate to each other through production

Goods needed for survival

Consumers who don't pay their fair share

Two or more companies joining together and creating a new name

Cost saving from increased production or having a larger more efficient industry.

Which Economic System is being Used: Government controls all Resources

What Merger is going on: Mountain Mike Pizza joined with Roundtable Pizza

Those goods or services that you don't take

This is moving where in the Circular Flow Model: Wages / Rent

What is the Factor Market

Traditional Economic System tend to be found

Downward movement of the Business Cycle

Why were goldsmiths during Merchant times the beginning and the rise of banks?

Goods used to satisfy needs

What Merger is going on:Schwinn Bikes joined with Marin Bikes to form Main Bikes

patent or copyright

What Merger is going on: United Airlines joined with Jamba Juice

Which Business Organization is going on? Bill and Sue own a Carwash

Which Economic System is being Used: An economy that uses some of all types of Economic systems

What Merger is going on: Safeway and Lucky joined and renamed the company Luckyway foods

High point of business cycle?

How quickly you can turn your assets into Cash

Many companies in the market place

Business Organization where decision making is the fastest

Gold and Silver are good examples of

Business Organization which has Unlimited Liability

Money grows faster then the flow of goods & services

What is good debt?

What Merger is going on: Peet's coffee joined with starbucks

Money that has value onto itself, gold, silver, copper, etc...

looks at the specific parts of the Economy; business, labor.

Union City has put a new bike trail

The movement of money and goods and services in the Economy to meet wants

What is the digital ledger used for crypto currencies?

Goods used to make other goods, for long term

Accumulation of your scarce goods that you can pass on to others

All Money must have this function

This is moving where in the Circular Flow Model: Interest on Loans

What Merger is going on: Burger King merged with Wendy's

Water or electricity companies

A good that anyone can use with no cost and it doesn't effect and how many people use it

What is NOT a factor of Production

Someone who starts a small business

Which Economic System is being Used: Economic Decisions are made by individuals seeking profit

What was cryptocurrencies created in the first place?

cost a producer or a consumer imposes on another, outside of any market transaction

Having Insurance for speeding Tickets

Which Business Organization is going on? Bill works for Sue the owner of the Carwash

Goods not necessary for survival

Total amount of Money in Circulation

Anything people will take as a medium of exchange

What is a Possible solutions to Negative Externalities?

Which Business Organization is going on? Bill and Sue work at starbucks

Which Economic System is being Used: Individuals own and control Resources

Prices going down

Which Business Organization is going on? Bill and Sue own stock in Marys Carwash

Two or more companies joining together that have nothing to do with each other

Someone else taking the risk for you is?

Home loan that doesn't change

What you have to pay for a Home loan

What is Prices going up?

Which Economic System is being Used: Economic Activity is based around a family or rural group

What Merger is going on: Tosco Oil Refinery joins with shell gas stations

Business Organization which has double taxation

First type of Economic Activity

Low point of the Business Cycle

What Merger is going on: BMW and Mercedes joined together and renamed the company MMW

Which in NOT a Characteristic of Money

What Merger is going on: Honda and Safeway join together

Banks that you can go

Which Economic System is being Used: Economic Decisions made by individual seeking profit

Building value in your home

What Merger is going on: Foster Farms chicken joins with KFC

What Merger is going on: Starbucks joined with a Brazilian coffee plantation

economic choices

Which Economic System is being Used:shortages are common

Not enough resources to go around to meet all the wants of an economy

Two or more companies joining together that have nothing to do with each other

One store or gas station in a very small town

Home loan that changes with inflation

looks at the Economy as a whole. Large problems;

What is the value gained by Buying an item at a low price and selling it at a higher price later?

What Merger is going on: Texas Road House just merged with Harris cattle ranch

Giving up the best next alternative

What is a decentralized financial system?

Total amount of goods and services produced in a single year in the United States

The Social Science that examines how scarce resources are given out

What is Bad debt?

What is prices going down?

Which Economic System is being Used: Individual Freedom is very important

What do banks do with most of the money they collect from depositors?

What is the Resource Market

Something positive you get from a producer or consumer, outside of any market transaction

Why is cryptocurrency's valuations so volatile?

Which Economic System is being Used: No Freedoms for Individuals

What exactly are banks?

paper money created by the government

This is moving where in the Circular Flow Model: Industrial workers

Why can't cryptocurrencies be classified as money?

Which Business Organization is going on? Bill and Sue own stock in starbucks