Unit 1 Honors Economics

Business cycles should?

Economically speaking, getting a college degree would increase your?

Mr. Rackley teaching is a type of?

When resources are not maximized a company is?

Which of the following is not a factor of production?

A business owner or innovator is defined as a/an?

Self-interest & competition best describe a/an?

Guns & butter can also be described as the?

When the government actually gives money to its citizens these are called?

Under one company, when one good suffers for the benefit of another it is a/an?

Adam Smith's natural business cycle is governed by the?

A shortage differs from scarcity when what is a factor?

The concept of government non-interference in a free market economy is?

"Buy now and you will get 2 for 1. " This would be a/an?

Any industrial revolution leading to the fall of the bourgeois by the proletariat is a sign of?

If you buy one thing or another, the one you did not choose is a/an?

If the government claims eminent domain they have to show the land is?

When the government grants exclusive rights on tangible goods they are called?

Something beyond the good itself happens, positive or negative, it is known as a/an?

A company is utilizing all of its factors of production to their maximum it has achieved?

A planned economy is also known as what type of economy?

When resources have not been equally distributed in a free market system, what has occurred?

An economist who focuses on a single business would study?

Gross Domestic Product (GDP) is commonly used when determining?

In economics, margin or marginalization implies it is?

Mothers Against Drunk Driving is a type of?

Which of the following is not an economic system?

Anything with value in economics is referred to as?

The right to know what ingredients are in a product is known as?

What term is used to describe old technology that is not efficient?