Why did Arnold lack the ability to pay Lawn Boy in cash?
He had Liquidity (cash flow problem-all of his cash was in stocks)
Oops!
Check
Okay!
Check
25
What do you call an investment that is similar to an IOU, where you loan money and earn interest and the principal is returned upon maturity of the investment?
bond
Oops!
Check
Okay!
Check
20
When stocks are sold at a price higher than what the initially paid, what do you call the earnings?
Capital gains
Oops!
Check
Okay!
Check
15
What investment in capital goods did Arnold make on Lawn Boy's behalf so that the lawn crews could stay in contact?
Cell Phones
Oops!
Check
Okay!
Check
15
Which side of the circular flow model was Lawn Boy on when he mowed lawns?
business
Oops!
Check
Okay!
Check
baam
Lose 15 points!
Oops!
fairy
Take points!
5
10
15
20
25
shark
Other team loses 15 points!
Okay!
banana
Go to last place!
Oops!
25
What are the factors of production? (4 of them)
Land, labor, capital and entrepreneurship
Oops!
Check
Okay!
Check
20
What do you call the likelihood of loss?
risk
Oops!
Check
Okay!
Check
10
How did Arnold help Lawn Boy expand his business?
He introduced him to Pasqual, who did work and provided additional workers.
Oops!
Check
Okay!
Check
20
Paqual wearing a headlamp to work at night is an example of "what at its finest!" according Arnold.
Entrepreneurship
Oops!
Check
Okay!
Check
25
What do you call the ratio of output per worker per period of time?
Productivity
Oops!
Check
Okay!
Check
15
What was Lawn Boy producing?
Lawn mowing and additional lawn care and cleaning
Oops!
Check
Okay!
Check
lifesaver
Give 15 points!
Oops!
fairy
Take points!
5
10
15
20
25
gift
Win 15 points!
Okay!
banana
Go to last place!
Oops!
10
What does it mean to have seasonal employment?
It means to work only during a specific season and not all year.
