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What type of business structure is owned and operated by 1 person?
Want
Sole Proprietorship
Shortage
Surplus
Traditional
Cyclical
Animal
Entrepreneur
If you were let go from a business who was downsizing their labor force because of a downturn in the economy, what type of unemployment would you be a part of?
Want
Sole Proprietorship
Shortage
Surplus
Traditional
Cyclical
Animal
Entrepreneur
Economic System that has a reliance on Farming
Want
Sole Proprietorship
Shortage
Surplus
Traditional
Cyclical
Animal
Entrepreneur
Goods or services that are not necessary but that bring enjoyment
Want
Sole Proprietorship
Shortage
Surplus
Traditional
Cyclical
Animal
Entrepreneur
A person who organizes, manages, and assumes the risks of a business or enterprise
Want
Sole Proprietorship
Shortage
Surplus
Traditional
Cyclical
Animal
Entrepreneur
What condition is created when there are more of a product available to purchase than consumers who want to buy the product. (Example: 2,000 tickets are available for a concert, but only 1,000 people want to attend that concert)
Want
Sole Proprietorship
Shortage
Surplus
Traditional
Cyclical
Animal
Entrepreneur
Which of the following is NOT a type of capital?
Want
Sole Proprietorship
Shortage
Surplus
Traditional
Cyclical
Animal
Entrepreneur
What condition is being created if there are more consumers who want to buy a product than the number of that product available. (Example: 1000 people want to buy an Iphone but only 100 Iphones are available for purchase)
Want
Sole Proprietorship
Shortage
Surplus
Traditional
Cyclical
Animal
Entrepreneur
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