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Choose a category. You will be given the answer. You must give the correct question. Click to begin. Click here for Final Jeopardy Business Types Demand Even More Demand Odds & Ends Terms 10 Point 10 Point 10 Point 10 Point 10 Point 20 Points 20 Points 20 Points 20 Points 20 Points 30 Points 30 Points 30 Points 30 Points 30 Points 40 Points 40 Points 40 Points 40 Points 40 Points 50 Points 50 Points 50 Points 50 Points 50 Points Can sell stock to raise money. What is a corporation? The easiest type of business to start? What is a sole proprietorship? When the owner of the business can lose all personal possessions if the business fails. What is unlimited liability? What type of stock represents the basic ownership in the corporation & they have voting rights. What is common stock? Celebrity businesses such as the Viper Room and Dolce are examples of this. What are limited partnerships? The direction of the slope of a demand curve. What is downward? People demand less at a higher price and more at a lower price is known as? What is the Law of Demand? When the price of a product changes it causes? What is a change in the QUANTITY demanded? If people desire more of a product at every price, the curve will shift to the? What is the right? If the price of jelly increases which direction will the demand curve for peanut butter shift? What is to the left? Shampoo and conditioner are examples of this . What are complements? As income goes up what happens to demand? What is increases or goes up? Items that are needed have this type of elasticity. What is inelastic demand? Items with lots of substitutes and that do not take a large portion of income have this elasticity? What is elastic demand? If the price of coca-cola increases, this will cause the demand curve to shift in which direction? What is to the right? The father of capitalism. Who is Adam Smith? In this economic type all decisions are made by the government. What is command economy? McDonalds is found world wide and is considered to be a. What is multinational? Companies do this to lose a bad reputation. What is merge? A business that has 4 different operations none of which accounts for more then 50% of sales. What is a conglomerate ? This is set-up like a business but the goal is NOT to make a profit. What is a nonprofit? This is considered to be the basic problem economics tries to solve. What is scarcity? Decreasing usefulness of additional units of a product. What is diminishing marginal utility? A graph that illustrates all possible outputs of 2 goods or services. What is a production possibilities frontier (PPF)? Examples of this cooperative are Sam’s Club or Costco. What are consumer cooperatives? Make your wager What made up product is used by economists on sample demand and supply curves? What are widgets?