Economics

Businesses compete for this.

The more money a business can charge for a product...

Having too much of something.

The GDP is most likely to grow during ............

At Menards by filling up a brown bag on special days and you can get 11% off everything inside.

Material items produced and consumed in an economy.........

A business strives to make this after all of their production costs have been covered.

The purpose of graphing supply and demand curves is...

A machine, tool, or man made creation that helps a business function.

A waiter or waitress being very friendly and making the dining experience pleasurable.

Of the income options listed these two are the most common.

This term refers to something being rare or not having very much of it available.

Black Otter is known for its exceptional food.

The percentage of the population that can read and write.

All of these are advantages of a debit card except.

People who invest money and earn dividends are involved in.............

Gatorade constantly brings out new and different flavors to compete with other companies.

This is a good idea to have to keep track of your rent, bills, spending and extra money.

What does GDP stand for?

The picture you just saw is this type of competition.

All of these are labor resources except.......

If people are afraid to spend money, take out loans, and unemployment is high it can lead to a

Money is extremely important because it ............

The actual work that is done by humans is called........

Many businesses need startup money so that they have enough _________ to function.

Natural resources fit into this category.

Perfect competition in economy refers to .....

This term describes the rise in price of goods compared to little increase in wages or salaries

An investor might help you start a business by providing you with .......

This is an example of what type of competition?

When businesses compete all of these things happen except...

Economists determine market price using trial and error with these.

Burger King offers 10 nuggets for $1.50 so McDonalds counters with 6 for 99 cents.

Buffalo Wild wings allows you to pick from 15 or more sauces for your wings.

A demand curve increases in quantity as the price gets cheaper.

You may hear radio commercials boasting that these companies carry the best diamond.

A wage can be described as....

A credit card's biggest disadvantage is ..........

Actual tools and items needed for the production of goods or to be able to provide a service.

You would find market price on a supply and demand graph here.

A supply curve climbs higher in price as the quantity increases.

The regular up and down movement of the economy.

The money you earn for letting someone use your property or land.

One advantage of a credit card is ...........

The type of competition where a company uses its workers well and functioning at a high level.