His workers also cleaned pools, trimmed shrubs, edged sidewalks, and cleaned garages in addition to mowing lawns.
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20
A stock that is sold for less than $5 per share is known as what kind of stock?
Penny stock
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20
Lawn Boy could have hung out with his best friend Allen and had fun rather than mow lawns. The next best alternative that you give up when making a choice is known as what?
Opportunity cost
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20
What do you call the likelihood of loss?
risk
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20
Why had the supply of lawn workers in Lawn Boy's neighborhood decreased?
Other kids were at camp and the boss of the previous lawn service ran away with someone's wife.
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25
What are the factors of production? (4 of them)
Land, labor, capital and entrepreneurship
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15
How did Lawn Boy boost his productivity?
He improved his knowledge about mowing, He was more efficient, he increased his labor and capital supply, he hired more workers and used more machines
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20
When stocks are sold at a price higher than what the initially paid, what do you call the earnings?
Capital gains
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15
What are two side of the circular flow Model?
Households and businesses
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15
Why were the neighbors willing to hire Lawn Boy?
He was a kid and considered safe. His prices were cheap.
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10
How did Arnold help Lawn Boy expand his business?
He introduced him to Pasqual, who did work and provided additional workers.
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25
According to Arnold, what do responsible business owners pay?
taxes, wages, and bonuses to seasonal employees
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seesaw
Swap points!
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magnet
Take 25 points!
Okay!
fairy
Take points!
5
10
15
20
25
baam
Lose 25 points!
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thief
Give points!
5
10
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25
star
Double points!
Okay!
gift
Win 5 points!
Okay!
banana
Go to last place!
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20
Investors should be careful about penny stocks because they are considered what?