Entrepreneurship 2bgu - Partial 4

Costs that have already been done and cannot be used in any other option

• Opportunity Costs

• Marginal Costs

• Sunk Costs

• Fixed Costs

Prices of most products increase

• Inflation

• Interest Rate

• Exports

• Imports

In supply, if the prices of a product goes up, the supply goes down

• True

• False

Which market serves directly to the final customer?

• Wholesale markets

• Monopolies

• Retail Markets

• Regulated Markets

Several companies offer a product with slight characteristics that differentiate hem from each other

• Perfect competition

• Imperfect competition

• Monopolistic competition

• Oligopolistic competition

Looks at individual markets and the decision-making of consumers, businesses and governments.

• Economics

• Microeconomics

• Macroeconomics

• Economy

When you choose one alternative over other you are using

• Opportunity costs

• Marginal costs

• Fixed costs

• Sunk costs

Retrospective costs meaning that they incurred in the past

• Fixed costs

• Sunk costs

• Opportunity costs

• Variable costs

Imports are higher than exports there is a

• Surplus

• Withdraw

• Withhold

• Deficit

Quantity of products that consumers are willing to buy at certain prices

• Supply

• Demand

• Income

• Export