Trump/Biden
Stock Market
Supply/Demand
Trade
Random
100
Who values "America First" policy?
Trump
100
The index that measures the performances of the 30 most traded stocks on the New York Stock Exchange
Dow Jones Industrial Average
100
What affects quantity supplied?
Price
100
Trade creates ______
Wealth
100
A fundamental assumption in economics is that every resource is _____
Scarce
200
This person wants to forgive $10000 in student loans
Biden
200
Spreading your investments across various assets
Diversifying your portfolio
200
Which curve slopes upward (in math terms, has a positive slope)?
Supply
200
Will this country import or export corn?
Import
200
What are the two goals of the Federal Reserve (dual mandate)?
Limit unemployment and limit inflation
300
This person likes the corporate tax rate at 28%
Biden
300
The price that a stock usually does not fall below for a given period of time
Support Level
300
Who (consumers, producers) pays the burden of a tax (assuming neither demand nor supply curve are perfectly horizontal)?
Both
300
In one day, country A can produce 15 cars or 60 computers. In the same time period, country B can produce 10 cars or 20 computers. Which country has a comparative advantage in producing cars?
Country B
300
Where is money created in the US?
At the Federal Reserve
400
How is the income tax bracket currently structured?
Progressve (Higher income is taxed at a high rate)
400
The price that a stock does not usually go above for a given period of time
Resistance level
400
Supply and Demand graphs always assume this Latin phrase
Ceteris Paribus
400
What is the official economics term for the societal loss after a nation implements a tariff?
Deadweight loss
400
This curve shows there is an optimal tax rate
Laffer Curve
500
What was the name of the Act that the Trump Administration passed in 2017 to reduce taxes?
Tax Cuts and Jobs Act (TCJA)
500
The Dow Jones dropped this many points on March 16, 2020, one of the worst days in the history of the stock market (nearest hundred)
3000
500
Give an example of a price ceiling
Rents
500
Name the organization which moderates and analyzes the world's trade.
WTO (world trade organization)
500
Which 20th century economist was most notable for his work on inflation and the money supply (he created the quantity theory of money)?
Milton Friedman