Economics in History
What devastating period in American history started on Black Thursday? (hint 20th century)
The Great Depression
What is the airspeed velocity of an unladen swallow?
African or European?
Why have some McDonald's restaurants taken medium and large fries off the menu?
Potato Shortage
What is the resource (commodity) that CNN10 talked about yesterday - being in short supply?
Lumber
What is profit?
Amount earned, after expenses
What flower was worth more than a house in the Netherlands in the 17th century?
Tulip
What is the capital of Vermont?
Montpelier
What Asian country does Sesame Street’s newest muppet, Ji-Young, come from?
Korea
What do economists call the option we don’t choose when we make decisions about resource use, including time?
Opportunity cost
What is Inflation?
A decrease in the purchasing power of money
This king of Mali is often hailed as the wealthiest human being to ever live. Name this monarch:
Mansa Musa
What country is the street food “Pad Thai” from?
Thailand
What is The Ever Given’s claim to fame, in the Suez Canal?
Ship that got caught in a sandstorm and blocked traffic for six days
What are some hidden costs of buying produce out of season?
Fuel to transport (or other applicable answer)
What is a consumer?
An individual that procures goods and services
In what year did the Model T release?
October 1st, 1908
Who wrote The Lightning Thief?
Rick Riordan
What was taken from Henrietta Lacks without her consent?
Her cells
What is one of the three variables that economists generally agree contribute to inflation?
Too much currency / money; aggregate demand increase; Increased cost of production (materials; wages, etc.)
What is a bottleneck?
A narrow opening that impedes flow