Goods
Surplus
Cape Cod
Nauset Secrets
Taxation
100
If the price of this kind of good drops, people tend to buy more of it.
What is a normal good?
100
The producer surplus can be found ___________ the supply curve.
What is above?
100
Before the Pilgrims, this discoverer created the first map of Cape Cod, which he called "malabar"
Who is Samuel de Champlain?
100
Before the construction of N Building, the Main Office could be found in which building?
What is B building?
100
A tax that rises in proportion to income, so that all taxpayers pay the same percentage of their income, is a ___________________.
What is proportional tax?
200
When the increase in the price of one good leads to increased demand in another good, this is known as the ______________ effect.
What is substitution?
200
Producer surplus + Consumer surplus = ________________
What is total surplus?
200
What are 5 of the 7 villages in Barnstable?
Acceptable: Barnstable, Hyannis, Marstons Mills, Centerville, Osterville, Cotuit, Craigville, and Cummaquid.
200
Which 3 members of the History Department are Nauset alumni?
Who are Mrs. Kobald, Mr. LaBranche, and Mr. Allen?
200
A tax that causes high-income taxpayers to pay a larger percentage of their income than low-income taxpayers is called a __________________.
What is progressive tax?
300
If an increase in price of one good causes decreased demand in a second good, the two goods are _______________.
What are complements?
300
Allocating kidneys to those with the highest net benefit (where net benefit is measured as the expected increase life span from a transplant) is an attempt to maximize __________________
What is consumer surplus?
300
On which island was Whitewash Village located, until a series of murders caused the villagers to move back to the mainland?
What is Monomoy Island?
300
The tunnel entrance in Mr. McGrath's locker room office connects to which building?
What is the auditorium?
300
A tax charged on each unit of a particular good or service that is sold is known as an __________________.
What is an excise tax?
400
If after an increase an income the quantity demanded for a particular good decreases, the good is _____________.
What is inferior?
400
If a market is at ______________, there is no way to increase gains from trade and any other outcome reduces total surplus.
What is equilibrium?
400
These four islands can be found in Pleasant Bay.
What are Sipson, Sampson, Strong, and Hog islands.
400
The collapsed covered bridge once connected which two buildings?
What are the cafeteria and E Building?
400
When the price elasticity of demand is low and the price elasticity of supply is high, the burden of an excise tax falls mainly on ___________________.
What is consumers?
500
True or false: participating in a market economy always creates some consumer and producer surplus.
TRUE!
500
This Plymouth Colony governor retired in Eastham and has a road named after him.
Who is Thomas Prence?
500
Which teacher found the famous sharpening stone beneath Fort Hill?
Who is Mr. Johnston?
500
When the price elasticity of demand is high and the elasticity of supply is low, the burden of an excise tax falls mainly on __________________.
What are producers?
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