The second-best choice that we give up when a decision is made is called the _____.

A combination of vision, skill, ingenuity, and willingness to take risks that is needed to create and run a business. Someone who does this is called a(n) ____.

Which of these is NOT one of the three factors of production?

A ____ is the first time a company sells shares of itself to the public to raise capital/money.

A ____ market is when the prices of stocks are generally rising.

When you own ____ in a company, you are a shareholder who owns a part of the company.

Another name for money is _____ and it is needed to build or expand a company. When you make profit off your stock it is also called your _____ gains.

_____ is the quantity or amount of a product that is available ; _______ is how much of a product or service is desired or wanted.

A financial professional who buys and sells stocks for a client.

Which of these is NOT a stock exchange?

Which of these is NOT a stock index (average of stocks)?

How many stocks are listed on the Dow?

Investors will tell you to mitigate risk by ______ your portfolio.

A stock market strategy that involves borrowing stock, immediately selling it, rebuying it when it drops in price, returning the borrowed stock, and pocketing the difference is called ___.

If you own certain types of stock, you can earn ______ quarterly on profits.

TRUE OR FALSE: Uncertainty and risk are the same thing.

Risk-averse means that you _____.

TRUE OF FALSE: In order to buy and sell stock, you have to hire or work with a stockbroker.

The act of putting money away or into something that will earn your future profits is called a(n) _____.

Investing in a stock index will on average get you yearly investment gains of _____.

Individuals, businesses, & governments examine the costs and expected benefits of their choices using decision making grids, data analyses, and ratios using a _____.

TRUE OR FALSE: Economic models are theoretical in nature.

Economists rely on statistics/data and look for _______. They use economic models (simplified representations of complex economic forces) to help explain their findings.

____ examines specific, individual elements in an economy. The elements include: prices, costs, profits, competition, and the behavior of consumers and producers.

____ examines the economic “big picture.” In other words, it is the study of the economy as a whole.

Studying how a sandwich sub in Union City, PA determines the price of a sub or how a pizza place determines the cost of a large pizza would fall under the study of _____.

In Adam Smith's "The Wealth of Nations," he argued that prices in an economy would set themselves based on supply and demand. This idea is called the "__________."