ECONOMICS UNIT 1

TERM MEANING CONSUMERS RULE THE MARKET

WHICH BUSINESS ORGANIZATION HAS UNLIMITED LIFE?

GROUP OF PEOPLE IN A SPECIALIZE OCCUPATION THAT WORK TO BETTER THE PROFESSION

MERGER OF 2 BUSINESSES PRODUCING THE SAME TYPE OF GOOD

ECONOMIC SYSTEM WITH NO GOVERNEMENT INTERVENTION

WHICH ECONOMIC SYSTEM HAS A LOW STANDARD OF LIVING?

CHARACTERISTIC OF CAPITALISM THAT ALLOWS PEOPLE TO WILLINGLY ENGAGE IN TRANSACTIONS

NON CASH CHARGE FOR WEAR AND TEAR ON CAPITAL GOODS

GROUP THAT WORKS TO PROMOTE BETTER WORKING CONDITIONS FOR PEOPLE

COMPANY WITH OPERATIONS IN MORE THAN ONE COUNTRY

THERE ARE HOW MANY ECONOMIC QUESTIONS?

MERGER OF COMPANIES AT DIFFERENT MANUFACTURING STEPS

_____MAKES THE PRODUCTION POSSIBILITES FRONTIER SHIFT OUTWARD

ECONOMIC GOAL THAT WOULD COVER SOMEONE WHO IS DISABLED AND CANNOT WORK

WHICH OF THE FOLLOWING IS A CHARACTERISTIC OF CAPITALISM?

GENERAL RISE IN PRICES

CONSUMERS USE THIS TO SATISFY WANTS AND NEEDS

ASSEMBLY LINE PRODUCTION BEST REPRESENTS WHAT?

THE MEA IS A_______

MINERAL DEPOSITS REPRESENT____

ANOTHER WORD FOR SATISFACTION

WHICH ECONOMIC SYSTEM PROVIDES PUBLIC SERVICES?

LIMITED LIABILITY IS AN ADVANTAGE OF ____

SOMETHING WE MUST HAVE TO SURVIVE

CHECK GIVEN FOR CORPORATE EARNINGS

GROUP OF PEOPLE THAT VOLUNTARILY WORK TO BENEFIT THE GROUPS MEMBERS

OWNERS OF COMMON STOCK GET TO VOTE IN A CORPORATION

WHICH ECONOMIC SYSTEM DOES THE U.S. TRULY HAVE?

MINIMUM WAGE IS WHAT ECONOMIC GOAL?

OWNERSHIP IN A CORPORATION

KEEPS QUALITY HIGH AND PRICES LOW

DOCUMENT NEEDED TO START A CORPORATION

______ RESOURCES FALL INSIDE THE PRODUCTION POSSIBILITIES FRONTIER

CREATED BY UNLIMITED WANTS AND NEEDS AND LIMITED RESOURCES

DRIVING FORCE OF CAPITALISM

HOW WE EXPRESS A NEED

HOW MANY FACTORS OF PRODUCTION ARE THERE?

GENERAL MOTORS IS A _______

DOUBLE TAXATION IS A DISADVANTAGE OF WHICH BUSINESS ORGANIZATION?

WHICH ECONOMIC GOAL PROTECTS AGAINST INFLATION?