Economics 101

Tension between similar companies leads to lower prices and higher production quality.

If the price of the _______ goes up, the cost of producing the good increases.

The _____ was big in the town so businesses could create specific products for the people.

What must a company have besides land, capital, and entrepreneurs to increase their production?

Tony Stark's company must have _________ in order to afford his Iron Man suits.

What is an example of a paradox of value?

This is a factor of production that does not fall under Human Resources

A manager wanting a salesmen must give up on the idea of having an accountant, exemplifying...

If a country produces notably more goods and services than the previous year, they country had

What system explains the production and consumption of goods and services within a country?

Which of these is not one of the 4 major economic factors of production?

Because of geographical, economic, and social disadvantages, Uganda has a lower ___ than the US

A worker has not met his quota for the week. This worker is lacking...

In this economic system, the government doesn't control supply and demand

Which person is not an entrepreneur?

Click the social need

Someone who consumes a good gains _______ from consuming it?

In order to make a living, construction workers working everyday in the heat exemplifies...

What must a business provide in order to gain financial capital?

A pizza restaurant produces 32 pizzas per hour, called its

A farmer who grows corn cannot use the same land to grow tomatoes. He must make a choice

Natural human "wants" give people _______ to work hard.

Which of these would cause a product price to shoot up?

In order to support a business, top level workers must raise ______ to produce their services.

Websites such as Craiglist and Ebay are examples of...