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200 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 300 Court Procedures Economics Basic Economics Economic Systems Supply and Demand
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-Court hearing when a defendant issues their plea of guilty or not-guilty. Row 1---100 Question
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Arraignment Row 1---100 Answer
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-Process where a defendant agrees to plead guilty in order to receive a lighter punishment. Row 1---200 Question
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-Plea Bargaining Row 1---200 Answer
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-Legal term for the people who represent the government in a criminal case. Row 1---300 Question
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-Prosecution Row 1---300 Answer
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-Term that refers to the questioning of a witness by the attorney on the opposing side with the intent of discrediting that witnesses testimony. Row 1---400 Question
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-Cross-Examination Row 1---400 Answer
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-People who are not yet of age to be considered an adult. Row 1---500 Question
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-Juveniles Row 1---500 Answer
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-Idea that there is not enough of a product for everyone to have and this fact causes goods to have a price that determines who is willing to pay for that product. Row 2---100 Question
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-Scarcity Row 2---100 Answer
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-Value assigned to a product according to the forces of supply and demand for that product. Row 2---200 Question
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-Price Row 2---200 Answer
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Row 2---300 Question -Economic idea that suppliers will supply more of a product as the price for that product increases.
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-Law of Supply Row 2---300 Answer
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Row 2---400 Question -Economic idea that buyers will demand more of a product as price decreases.
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-Law of Demand Row 2---400 Answer
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-Point where the supply curve and the demand curve intersect, creating the value of a product. Row 2---500 Question
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-Equilibrium Row 2---500 Answer
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-Situation when demand is greater than the supply of a product---price will usually increase. Row 3---100 Question
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-Shortage Row 3---100 Answer
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-Situation when supply is greater than demand---price will usually decrease. Row 3---200 Question
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-Surplus Row 3---200 Answer
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-Idea that a person’s demand for a product will reach a maximum no matter the price. Row 3---300 Question
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-Diminishing Utility Row 3---300 Answer
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-Idea that a supplier will reach a point when increased production will not increase profits. Row 3---400 Question
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-Diminishing Returns Row 3---400 Answer
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-Economic term for the amount of work produced in a given amount of time.—Increased productivity causes prices to decrease and fights inflation. Row 3---500 Question
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-Productivity Row 3---500 Answer
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-Term describing the situation when one nation produces a product better or cheaper than other nations. Row 4---100 Question
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-Comparative Advantage Row 4---100 Answer
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-Idea of dividing labor into individual tasks in order to increase productivity. Row 4---200 Question
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-Division of Labor Row 4---200 Answer
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-Economic idea that a larger business can operate at a more efficient rate because of its bulk. Same concept applies when buying items in large quantities. Row 4---300 Question
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-Economy of Scale Row 4---300 Answer
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-Economic idea that a person loses the chance to do something when you make a choice. Row 4---400 Question
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-Opportunity Cost Row 4---400 Answer
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-Economic idea that you deliberately make a decision and do so knowing the other options would be lost. Row 4---500 Question
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-Trade Off Row 4---500 Answer
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-Land, Labor, Resources, Management Row 5---100 Question
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-Factors of Production Row 5---100 Answer
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-Money used to start or run a business. Row 5---200 Question
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-Capital Row 5---200 Answer
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-Machines or tools that are used to produce other goods. Row 5---300 Question
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-Capital Goods Row 5---300 Answer
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-Primitive economy where almost everything is made by hand. Row 5---400 Question
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-Traditional Economy Row 5---400 Answer
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-Economic situation where the government is in control of the factors of production. Row 5---500 Question
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-Command Economy Row 5---500 Answer
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