Economics

What's happening in this graph?

Something that motivates someone to do something is called:

Which of the following is an example of a capital resource?

What is the chief incentive to work hard for people in a market economy?

Economics is the study of how people use their _______ to meet their _______ and satisfy _____.

Which of the following is an example of a land resource?

Apple decides to stop producing IPhones. What does that do to the market for smart phones?

What was the determinant in the previous question?

People are willing to buy more at low prices, and willing to buy less at high prices. This is:

What is the term for when one company corners a market and becomes the only producer/seller of a good/service?

What is the determinant for the previous question?

What do you find on the y-axis of a supply and demand graph?

Which type of economy did the former USSR (Soviet Union) have?

Which economic system does the United States have?

Does the change in the price of a complementary good affect demand or supply?

What was the determinant for the previous question?

A 7.9 earthquake hits San Francisco. What would likely happen to the market for concrete?

Which economic system has the most freedom?

What is Ned's opportunity cost if he takes out his girlfriend?

Where do you find the market price on a supply and demand graph?

A study finds that cigars cause many wrinkles. What could happen to the market for cigars?

What's the determinant for the previous question?

Which system is used most in the world today?

Does a change in consumer tastes affect supply or demand?

According to the law of supply, _________ will be supplied at high prices.

The price of Pepsi goes up. What happens to the market for Coke?

Which govt. agency helps to solve the problem of workplace safety?

Who makes the decisions in a command economy?

Which economic system do we see few of in the world today, since most have adopted new ideas?

Does a change in the factors of production affect supply or demand?

Ned needs new boots but wants to take his girlfriend out. He can't afford both. What is scarce?

What is most important to people in a traditional economy?

Which government agency protects competition by breaking up monopolies?