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 Economic Terms Supply Terms Demand Terms Legal Rights Independent Agencies

3. -Term describing the situation when one nation produces a product better or cheaper than other nations? Row 1---100 Question

4. -comparative advantage Row 1---100 Answer

5. -Idea of dividing labor into individual tasks in order to increase productivity? Row 1---200 Question

6. -division of labor Row 1---200 Answer

7. -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 1---300 Question

8. -economy of scale Row 1---300 Answer

9. -Economic idea that a person loses the chance to do something when you make a choice? Row 1---400 Question

10. -opportunity cost Row 1---400 Answer

11. -Economic idea that you deliberately make a decision and do so knowing the other options would be lost? Row 1---500 Question

12. -trade off Row 1---500 Answer

13. -Economic idea that suppliers will supply more of a product as the price for that product increases. Row 2---100 Question

14. -Law of Supply Row 2---100 Answer

15. -Idea that a supplier will reach a point when increased production will not increase profits. Row 2---200 Question

16. -Diminishing Returns Row 2---200 Answer

17. Row 2---300 Question -In this situation, changes in price do not greatly affect the supply of the product?

18. -Inelastic Supply Row 2---300 Answer

19. Row 2---400 Question -In this situation, changes in price will affect the supply of the product?

20. -Elastic Supply Row 2---400 Answer

21. -Economic term for the amount of work produced in a given amount of time.—More work in less time causes prices to decrease and fights inflation? Row 2---500 Question

22. -Productivity Row 2---500 Answer

23. -This is the idea that a person’s demand for a product will reach a maximum no matter the price? Row 3---100 Question

24. -Diminishing Utility Row 3---100 Answer

25. -This is the concept that changes in price can affect changes in demand? Row 3---200 Question

26. -Elasticity Row 3---200 Answer

27. -In this situation, a change in price does not really affect demand greatly? Row 3---300 Question

28. -Inelastic Demand Row 3---300 Answer

29. -This is the term that describes a consumer using an alternative product? Row 3---400 Question

30. -substitute good Row 3---400 Answer

31. -This term describes a situation where the demand for one product has the same effect on another product? Row 3---500 Question

32. -complementary good Row 3---500 Answer

33. -This independent agency that oversees the pension program for the elderly and the disabled. Row 4---100 Question

34. -Social Security Row 4---100 Answer

35. -This executive agency that works to collect information about foreign nations. Row 4---200 Question

36. -CIA Row 4---200 Answer

37. -This executive agency works to protect the environment? Row 4---300 Question

38. -EPA Row 4---300 Answer

39. -This commission controls the nation’s banking system? Row 4---400 Question

40. -Federal Reserve Row 4---400 Answer

41. -This commission controls the activities of the media? Row 4---500 Question

42. -FCC Row 4---500 Answer

43. -Which Amendment guarantees due process and equal protection? Row 5---100 Question

44. -14th Row 5---100 Answer

45. -Name the types of law that might try to punish someone for an act in past that is now considered illegal? Row 5---200 Question

46. -ex post facto Row 5---200 Answer

47. -This is the type of law that would punish a person without a trial----these types of laws are illegal according to the constitution? Row 5---300 Question

48. -bills of attainder Row 5---300 Answer

49. -This is the right of Americans to be released if they are not formally charged with a crime after being detained by police? Row 5---400 Question

50. -habeas corpus Row 5---400 Answer

51. -Which Amendment gives you the right to a speedy, public, jury trial, and the help of a lawyer? Row 5---500 Question

52. -6th Row 5---500 Answer