Economics

MoneyChoices

100

You have $10. You want snacks or saving. What is saving?

Keeping money for future use

200

What is opportunity cost?

The thing you give up when choosing something another

300

You can buy a phone or save for a laptop. What concept is this?

Trade-off

400

Choosing between job A and job B is an example of?

Opportunity cost decision 

500

You have two options:

• Option A: Get $100 today
• Option B: Get $200 in one month

But you must wait and cannot change your choice later.
What concept explains this decision, and which option is usually better for a rational person?

• Time value of money / opportunity cost 

Time management

100

What do you call planning your day?

Time management

200

If you waste time on phone, what happens?

Less productivity

300

Making a schedule helps you do what?

 Be more organized

400

What happens if you don’t plan your time?

Poor results / stress

500

You can study 2 hours or scroll social media for 2 hours before an exam.
What concept is this, and what is the rational decision?

• Trade-off + rational decision-making

Smart or not

100

Buying expensive things without thinking is called?

Impulse buying

200

Buying something just because of ads is called?

Influenced decision

300

Thinking before choosing is called?

Rational decision making

400

A person always thinks about best benefit before acting is called?

Rational person

500

A company lowers price to attract more customers but earns less profit per item.
What concept is this, and why do they do it?

• Price vs demand / profit strategy / incentive

DailyLifeProblems

100

You are late for school. What should you do first?

 Hurry and inform/prepare quickly

200

You forgot homework. What is the best reaction?

Admit and try to fix it

300

You miss a bus. What is the best solution?

Find alternative transport

400

You have 3 tasks but only time for 1. What should you do?

Prioritize

500

A government must choose between spending money on education or healthcare.
What is this situation called?

• Scarcity + opportunity cost + resource allocation

Fun logics

100

What is better: 1 good decision or 10 bad ones?

 1 good decision

200

What is more important: money or time?

Both are important (depends)

300

 If you spend all money today, what happens tomorrow?

You may have nothing left

400

What is more important in success: luck or planning?

Planning (mostly)

500

A business gets many complaints online but decides to improve service instead of ignoring them.
What concept is this, and why is it important?

• Customer feedback + customer satisfaction