2. 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 Types of Businesses Factors Economic Systems President and VP Basic Economics

3. -Business that is owned by one individual—most common form of business in the United States. Row 1---100 Question

4. -single proprietor Row 1---100 Answer

5. -Business that is owned by two or more people who are trying to pool their resources. Row 1---200 Question

6. -partnership Row 1---200 Answer

7. -Business that is owned by a great number of stockholders who share in the profits of the business yet risk only what they have invested. Row 1---300 Question

8. -corporation Row 1---300 Answer

9. -Economic idea that a person only risks the amount they have invested within a corporation. Row 1---400 Question

10. -limited liability Row 1---400 Answer

11. -Type of business that operates to provide a service and not to pay stockholders. Row 1---500 Question

12. -non-profit Row 1---500 Answer

13. -Name one of the four factors of Production? Row 2---100 Question

14. - Row 2---100 Answer

15. -Name one of the four factors of Production? Row 2---200 Question

16. - Row 2---200 Answer

17. Row 2---300 Question -Name one of the four factors of Production?

18. - Row 2---300 Answer

19. Row 2---400 Question -Name one of the four factors of Production?

20. - Row 2---400 Answer

21. -Which factors includes the machinery used to produce? Row 2---500 Question

22. -capital goods Row 2---500 Answer

23. -Primitive economy where almost everything is made by hand. Row 3---100 Question

24. -traditional Row 3---100 Answer

25. -Economic situation where the government is in control of the factors of production. Row 3---200 Question

26. -command Row 3---200 Answer

27. -Economic situation where individuals make most of the choices. Row 3---300 Question

28. -market Row 3---300 Answer

29. -Economic situation where individuals and government share the power over economic decisions with individuals owning smaller businesses and government owning the largest. Row 3---400 Question

30. -mixed Row 3---400 Answer

31. -Another name for the market economy where individuals risk their capital for a chance to gain a profit. Row 3---500 Question

32. -capitalism/ free enterprise Row 3---500 Answer

33. -These are the tools and machinery used to produce things? Row 4---100 Question

34. -capital goods Row 4---100 Answer

35. -This is the idea that there is not enough of a product for everyone to have and this fact causes goods to have a value. Row 4---200 Question

36. -scarcity Row 4---200 Answer

37. -This is the point where the amount available and the amount desired intersect? Row 4---300 Question

38. -market / equilibrium price Row 4---300 Answer

39. -Situation when demand is greater than the supply of a product---price will usually increase? Row 4---400 Question

40. -shortage Row 4---400 Answer

41. -Situation when supply is greater than demand---price will usually decrease? Row 4---500 Question

42. -surplus Row 4---500 Answer

43. -What branch includes the President and VP? Row 5---100 Question

44. -Executive Branch Row 5---100 Answer

45. -How long are the terms of Presidents? Row 5---200 Question

46. -4 years Row 5---200 Answer

47. -How old must a President be? Row 5---300 Question

48. -35 Row 5---300 Answer

49. -What is the citizenship requirement for a President? Row 5---400 Question

50. -native born Row 5---400 Answer

51. -This is the process of electing the President where each state is assigned a number of electors equal to its representation in Congress and a majority of electoral votes is required to be elected? Row 5---500 Question

52. -Electoral College Row 5---500 Answer