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100

Who won the Super Bowl in 2020?

Kansa City Chiefs

100

What is the Law of Supply?

The higher the price, the greater the quantity the producer will want to produce.

100



Indianapolis Colts

100

Who has a last name James and plays for the Lakers?

LeBron James

100

What does GDP stand for?

Gross Domestic Product

200

 What is this known as? -For every decision you make, you sacrifice something else.

A Trade-off

200

What is the super-bowl of the NBA?

NBA Finals or NBA Championship

200

 What is the ability of an actor to produce more of a good or service than a competitor, known as?

 Absolute Advantage

200



Peyton Manning

200

A single seller or producer that excludes competition from providing the same product, is known as what?

 A monopoly

300

What is the blue point in the middle of the graph known as?

Market Equilibrium

300

What is the price elasticity of demand?

Measures how much the quantity demanded responds to a change in price. 



300

 


Atlanta Falcon 

300

What's his name and position, and double point if you can guess his team he just switched to.



Dansby Swanson

Shortstop 

Chicago Cubs

300

What is Frictional Unemployment?

Workers leave their jobs either voluntarily (i.e., they quit) or involuntarily (i.e., they get laid-off), and several million more are hired.

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