Which side of the circular flow model was Lawn Boy on when he mowed lawns?
business
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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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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
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25
Arnold offered to trade his stockbroker services for lawn services and invest money for Lawn Boy. What is the term for this exchange?
Barter
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10
What did the Memorial Wooden Container Corporation Make?
Coffins
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lifesaver
Give 15 points!
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magnet
Take 25 points!
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fairy
Take points!
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baam
Lose 25 points!
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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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20
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)
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20
What are two characteristics of demand?
willingness and ability to pay
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lifesaver
Give 5 points!
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fairy
Take points!
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shark
Other team loses 20 points!
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lifesaver
Give 10 points!
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15
What was Lawn Boy producing?
Lawn mowing and additional lawn care and cleaning
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seesaw
Swap points!
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star
Double points!
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fairy
Take points!
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thief
Give points!
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20
Investors should be careful about penny stocks because they are considered what?
High Risk
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20
What do you call the likelihood of loss?
risk
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20
Paqual wearing a headlamp to work at night is an example of "what at its finest!" according Arnold.
Entrepreneurship
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25
According to Arnold, what do responsible business owners pay?