Econ Essentials
This type of market structure has many buyers and sellers and identical products.
What is perfect competition?
This type of interest earns “interest on interest.”
What is compound interest?
This K-pop group released the record-breaking song Dynamite in 2020.
Who is BTS?
This planet is known as the “Red Planet.”
What is Mars?
This Roman numeral represents the number 50.
What is L?
This term refers to the cost of the next best alternative you give up when making a choice.
What is opportunity cost?
This term describes a period when stock prices are falling by 20% or more.
What is a bear market?
In the Marvel Cinematic Universe, this character wields a hammer called Mjolnir.
Who is Thor?
This chemical element has the symbol “Na.”
What is sodium?
This mathematical concept describes a sequence where each term is the sum of the two preceding terms.
What is the Fibonacci sequence?
This paradox describes a situation where individual rational decisions lead to a collectively worse outcome, often used in environmental economics.
What is the tragedy of the commons?
The practice of spreading investments across different assets to reduce risk is called this.
What is diversification?
This 2021 video game lets players solve mysteries in a spaceship crew while identifying an imposter.
What is Among Us?
This mathematical constant is the ratio of a circle’s circumference to its diameter.
What is pi (π)?
Rearrange the letters of “LISTEN” to get a word that describes something you should be when you're in a library.
What is SILENT?
The curve showing the maximum combination of two goods an economy can produce given its resources is called this.
What is the production possibilities frontier (PPF)?
This type of bond pays interest only at maturity rather than periodically.
What is a zero-coupon bond?
This director is known for visually complex films like Inception, Interstellar, and Tenet.
Who is Christopher Nolan?
This rare natural phenomenon occurs when the moon passes directly between the Earth and Sun.
What is a total solar eclipse?
This mathematical concept describes a sequence where each term is the sum of the two preceding terms.
What is the Fibonacci sequence?
Arrogant
someone who thinks they are better than others
This option strategy involves simultaneously buying a call and a put on the same asset with the same strike price.
What is a straddle?
This Japanese animated film by Makoto Shinkai focuses on two teenagers mysteriously switching bodies across distant towns.
What is Your Name (Kimi no Na wa)
This city is the only one located on two continents.
What is Istanbul?
This famous paradox involves a cat that is simultaneously alive and dead.
What is Schrödinger’s cat?