3. $100 $400 $300 $200 $400 $200 $100$100 $400 $200$200 $500$500 $300 $200 $500 $100 $300 $100 $300 $500 $300 $400$400 $500

4. MACRO- ECONOMICS

5. DEMAND

6. SUPPLY

7. BUSINESS ORGANIZATIONS

8. VOCABULARY

9. MACRO-ECONOMICS DEMAND SUPPLY BUSINESSORGANIZATIONS VOCABULARY $100 $300 $200 $400 $500 $

10. C 1 - $100 Entrepreneurs are considered the driving force in our economy because they….

11. C 1 - $200 Which group of people immediately determines what our economy produces?

12. C 1 - $300 What is the best way to describe the U.S. economic system?

13. C 1 - $400 In a market economy a high price is a signal for …

14. C 1 - $500 Business receipts (revenue) - (Minus) Business expenses (costs) = ?

15. C 2 - $100 The demand curve shifting to the left represents this?

16. C 2 - $200 Movement along the demand curve represents this

17. C 2 - $300 When the demand curve shifts to the right it represents this right it represents this

18. C 2 - $400 An increase in consumer’s income will cause the demand curve to do this

19. C 2 - $500 Customers’ willingness to replace a costly item with a less costly item is an example of this

20. C 3 - $100 Movement along the supply curve represents this

21. C 3 - $200 The supply curve shifting to the right represents this?

22. C 3 - $300 How would a change in price be shown on the supply curve?

23. C 3 - $400 New technology that increases production will cause the supply curve to do this

24. C 3 - $500 This occurs when the quantity supplied is greater than the quantity demanded

25. C 4 - $100 When a major car company lowers its prices other car companies will do what?

26. C 4 - $200 Many businesses are engaging in e-commerce because ……

27. C 4 - $300 In which type of business org. do the owners earn dividends?

28. C 4 - $400 A large number of buyers and sellers is a characteristic of this type of competition

29. C 4 - $500 An inactive partner in a limited partnership has this type of liability

30. C 5 - $100 We become better decision makers by studying this

31. C 5 - $200 The diamonds and water paradox is also called this

32. C 5 - $300 Manufactured goods needed to produce other goods are called this

33. C 5 - $400 Profit-maximizing level of output is reached when marginal cost equals?

34. C 5 - $500 The federal minimum wage is an example of which social and economic goal?

35. C 1 A - $100 Start new businesses $

36. C 1 A - $200 consumers $

37. C 1 A - $300 Modified Free Enterprise System $

38. C 1 A - $400 Producers to supply more And Consumers to buy less $

39. C 1 A - $500 $Profit

40. C 2 A - $100 A decrease In demand $

41. C 2 A - $200 A change in quantity demanded $

42. C 2 A - $300 An increase in demand $

43. C 2 A - $400 Shift to the right $

44. C 2 A - $500 Thesubstitutioneffect $

45. C 3 A - $100 A change in quantity supplied $

46. C 3 A - $200 An increase in supply $

47. C 3 A - $300 Movement along the supply curve $

48. C 3 A - $400 Shift to the right $

49. C 3 A - $500 A surplus $

50. C 4 A - $100 Lower their prices $

51. C 4 A - $200 Lower fixed costs or lower overhead $

52. C 4 A - $300 corporations $

53. C 4 A - $400 Perfect competition $

54. C 4 A - $500 $ Limited liability

55. C 5 A - $100 economics $

56. C 5 A - $200 $ Paradox of value

57. C 5 A - $300 Capital goods $

58. C 5 A - $400 $Marginalrevenue

59. C 5 A - $500 $Economicequity

61. Market structures $ FJ Topic

62. FJ Question $ Type of monopoly based on control of a manufacturing process or scientific advance

63. FJ Ans $ Technological monopoly

64. END OF GAME