When making a choice, what is the term for the option you did not pick?

Which of the following is not one of the three basic questions of economics?

This picture represents what type of economy?

Hint: people often work the same jobs as their parents, they are trading for items they cannot produce themselves.

The following are 3 characteristics of what type of economy?

Private ownership of property/resources

Profit motive

Minimal government involvement in the economy

The following are 3 characteristics of what type of economy?

Central ownership of property (by the government)

Lack of consumer choice

Government answer the 3 big questions of economics

The following are 3 characteristics of what type of economy?

Individuals and business are owners and decision makers in the private sector

Government is owner and decision maker in the public sector

Most countries today are this type of economy

Whenever buyers and sellers exchange goods and services there is a _______________________.

This image represent which key term?

What are earnings after all expenses have been paid?

When a business acts in their self-interest to create the most money for their business it is known as…..

Assuming this food truck is owned and operated by it’s chef, it what type of business?

Evan Williams, Biz Stone, and Jack Dorsey found twitter together. What type of business module did they use?

Plow and Heath located in Madison, VA is owned and operated by Evergreen Enterprises of Virginia , LLC. What type of business organization is Plow and Hearth?

In doing career planning, it should start with what type of activity?

What type of Economy is the United States of America?

Communism is most often use with what type of economy?

Jack has been mowing his neighbor’s yard. . Other neighbors have begun to ask Jack to mow their yard. He already owns a mower and weed eater to work. What type of business module would you suggest Jack utilizes?

Lynn owns a garden center. A local farm has proposed that she sells their fruits and vegetables at Lynn’s garden center. What type of business module would you suggest for Lynn and the local farm?

Charlotte and Peter own three bakeries/coffee shops; They have decided to expand, and want to open up three additional shops in tourist areas Charlotte and Peter are not sure if there is enough time for them to oversee all six stores. If they expand to these three areas, what type of business module would you suggest?