Transcript 2 nd 9 Weeks Jeopardy Review Game Part 2

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These groups often use the
internet to spread propaganda.
Extremist
Things people create, such as
books, movies, music, and
software.
Intellectual Property
Individual part of a parties
platform.
Plank
Internet discussion forum that
allows you to post and read
postings on a particular topic.
Newsgroup
Mass communication system of
millions of networked computer.
Internet
Expenses that increase as
production grows.
Variable Costs
System where private citizens
own most of the means of
production.
Capitalist
The study of how we make
decisions in a world of limited
resources.
Economics
Things we would like to have to
make life more comfortable
Wants
Variable costs plus fixed costs.
Total Cost
Term refers to the extent to
which change in prices causes a
change in demand .
Demand Elasticity
Knowledge of demand is
necessary to understand how
this economy works.
Market Economy
Demand is this when a change
in price causes a relatively
larger change in the quantity
demanded.
Elastic
When quantity demanded is
greater than quantity supplied.
Shortage
Term when various quantities of
a good or service that producers
are willing to sell at all possible
market prices.
Supply
A business that has many rights
and responsibilities of an
individual.
Corporation
Ownership shares of a
corporation.
Stocks
Businesses are required to treat
all workers fairly and without
this.
Discrimination
Name of a business owned by
two or more people.
Partnership
Payment people receive when
they lend money.
Interest
Money that is left over after
paying for the necessities.
Discretionary Income
Legislature that has two parts or
houses.
Bicameral
Files of older stories.
Archives
Person or party filing a lawsuit.
Plaintiff
Expenses that are the same no
matter how many units of a
good are produced.
Fixed Costs