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Econ Test 1-3 and NFL teams

Horizontales
One disadvantage of a sole proprietorship is limited ___
study of efforts to satisfy seemingly unlimited wants with scares resources
A voluntary association that buys bulk amounts of goods on behalf of its members is a
Atlanta
Factor of production/human effort
A business with one owner is a ___ proprietorship
The most common form of business ownership in the United States is
Factor of production/tools
Factor of production/human effort
When workers do one task very well
Market structure in which a single seller dominates the market
An important factor in a free enterprise system
Tampa Bay
Cleveland
Market structure in which a few sellers dominate the market
San Francisco
Economy which features decentralized decision making
Tennessee
Verticales
Philosophy that government should not interfere with business activities is know as "laissez-??"
A risk taker in search of profits is known as a (an)
What group of people ultimately determines the products that a free enterprise economy produces?
Las Vegas
Agreement, usually illegal, among producers to fix prices, limit output or divide markets
If Nike merged with Foot Locker and a shoe lace factory, these would be considered_____ mergers
Kansas City
A form of business organization recognized by law as a separate legal entity having all the rights of an individual is a (an)
If you have the same occupation as your father and grandfather, you most likely live in this type of economy
Real or imagined differences between two products
noise pollution for those living along a freeway would be a negative
If Nike merged with Adidas, it would be considered a ____ merger
New Orleans
The three basic economic questions are what to produce, how to produce it, and for ____ it is produced
In this type of economy, the government makes major economic decisions
For something to have value, it must have
The option which you give up when you make and economic decision is called the opportunity ____