Econ 101
The economic term that describes a general increase in prices over time?
What is inflation?
This company owns Instagram, WhatsApp, and Facebook
What is Meta?
This three-letter abbreviation represents the annual cost of borrowing money, expressed as a percentage
What is APR?
On Shark Tank, entrepreneurs offer investors a percentage of their company known by this term
What is equity?
This institution is responsible for conducting monetary policy in the United States
What is the Federal Reserve?
This concept refers to the next-best alternative given up when making a decision
What is opportunity cost?
This company began as an online bookstore in 1994
What is Amazon?
This financial term represents the total market value of a company's outstanding shares
What is market capitalization?
This billionaire entrepreneur founded SpaceX and co-founded X.com, which later became part of PayPal
Who is Elon Musk?
This economic measure represents the total value of final goods and services produced within a country over a given period
What is GDP?
According to the law of demand, this happens to quantity demanded when the price of a product increases, all else equal.
What is a decrease?
This technology company is the parent company of YouTube
What is Google?
This type of investment represents partial ownership in a company
What is a stock?
This 2015 movie follows investors who predicted the 2008 housing market crash
What is The Big Short?
This informal rule of thumb identifies a technical recession as two consecutive quarters of declining real GDP
What is the two-quarter rule?
This market structure is dominated by a small number of large firms
What is an oligopoly?
This athletic apparel company was originally called Blue Ribbon Sports
What is Nike?
This investment strategy reduces risk by spreading money across different assets
What is diversification?
This fictional paper company is the workplace of Michael Scott in The Office
What is Dunder Mifflin?
The Federal Reserve typically raises interest rates to help reduce this economic problem
What is inflation?
This economic principle explains why each additional unit of a good typically provides less satisfaction
What is diminishing marginal utility?
This entertainment company acquired Pixar in 2006 for approximately $7.4 billion
What is Disney?
This financial metric measures a company's net income relative to its shareholders' equity
What is return on equity (ROE)?
This energy company collapsed in 2001 after one of the largest accounting scandals in U.S. history
What is Enron?
This economic condition occurs when high inflation and high unemployment exist simultaneously
What is stagflation?