Section 1
Section 2
Section 3
Easy Riddles
Hard Riddles
100
What is division of labor?
Separation of work into a number of individual tasks to be performed by different workers
100
Title of Section 2
Global Problems and Economic Incentives
100
What is an Opportunity cost?
Cost of the next best alternative use or money, time, or resources.
100
What is lighter than a feather but not even the strongest man could hold for very long.
Their breath
100
I am the beginning of the end, the end of every place. I am the beginning of eternity, the end of time and space.
The letter E
200
What is outsourcing?
Hiring outside firms to perform non-core operations to lower operating costs
200
Power or Energy generated by moving water.
Hydropower
200
What is a modified free enterprise economy?
A free enterprise economy with some government involvement.
200
3 guys walk into a bar, the 4th guy ducks. Why?
He didnt want to get hit by the bar.
200
Why can't a T-rex clap?
They're extinct.
300
When was the FTAA established?
1994
300
Substantial oversupply of a product
Glut
300
Title of Section 3
Applying the Economic Way of Thinking
300
How do you put a giraffe in a refrigerator?
Open the door, put him in, close the door.
300
What number can you cut in half and leave nothing?
8
400
What does the ECSC stand for?
European Coal and Steel Community
400
What renewable resource contributes the most to our energy needs?
Hydropower
400
Way of thinking that compares the cost of an action to its benefits.
Cost-benefit analysis
400
What belongs to you but used by others more?
Your name
400
What goes up but doesn't come back down?
Your age.
500
What is Globalization?
The movement toward a more integrated and interdependent world economy.
500
90% gasoline and 10% grain alcohol
Gasohol
500
Third step to useful decision making.
Consider the principal alternative means of achieving the goals.
500
What has a face and 2 hands but no arms or legs?
A clock
500
What number do you get when you multiply all number on a number pad?
0
M
e
n
u