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5
×
If making a puzzle, the machines to cut the pieces would be which type of input?
Capital
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baam
Lose 10 points!
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rocket
Go to first place!
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fairy
Take points!
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15
20
25
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baam
Lose 20 points!
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5
×
If making a computer, the glass and metal used in it would be which type of input?
Land
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5
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Martha quits her job. Her husband accepted a new job in a different city and they are moving. What type of unemployment is this?
Frictional
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5
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True or False: The public school system is an example of communism in America
False: It is an example of socialism: Tax money is being used to support all citizens.
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10
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Explain the differences between market and command economies.
Market: Businesses and owners make most decisions with little government interference. Command: Government leaders make all business decisions.
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5
×
Anything used to make a good is called what?
Input
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5
×
What is opportunity cost?
The choice you give up when you have to decide between two or more choices.
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10
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What does it mean if someone tells you to consider the cost of living before moving?
Consider the difference in prices between two cities.
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10
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Provide a definition for demand.
THE AMOUNT OF A GOOD OR SERVICE THAT CONSUMERS ARE ABLE AND WILLING TO BUY AT VARIOUS POSSIBLE PRICES DURING A SPECIFIED TIME PERIOD.
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5
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George can no longer find work as a CD designer since music is now digital. What type of unemployment is this?
Structural
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banana
Go to last place!
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gold
Win 50 points!
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gift
Win 5 points!
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lifesaver
Give 25 points!
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5
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Mark loses his job when there is a stock market crash. Which type of unemployment is this?
Cyclical
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banana
Go to last place!
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fairy
Take points!
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25
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shark
Other team loses 20 points!
Okay!
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baam
Lose 25 points!
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5
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If making a restaurant, the construction workers would be which type of input?
Labor
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15
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You are considered unemployed if you meet which three criteria?
1. Willing to work 2. 16 or older 3. Looking for a job but can't find one.
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