1
2
3
4
5
100
What is inflation?
General increase in prices
100
What is one aspect that can change the effects of poverty?
Race, Ethnic origin, Type of Family, Residence
100
How many letters are in the following word: supercalifragilisticexpialidocious
34
100
At what rate does inflation start to cause problems?
5%
100
What is the name of this chapter?
Economic Challenges
200
What are discouraged workers?
People who stopped searching for employment and may rely on other family members to support them.
200
How many people in the class currently have a watch on?
You're right
200
What effect does inflation have on purchasing power?
Decreases purchasing power
200
What is seasonal unemployment?
When industries slow and shutdown for a season or make season shifts in their production schedules
200
What is the core inflation rate?
The rate of inflation excluding effects of food and energy prices
300
When does structural unemployment occur?
Occurs when workers' skills do not match those needed for the jobs available
300
True or False? Demand Pull Theory states that inflation occurs when demand for goods and services exceeds existing supplies
True
300
When does frictional unemployment occur?
Occurs when people take time to find a job
300
What is the food stamp program
Helps low income people buy food
300
What college has the largest amount of students?
Arizona State
400
What is underemployment?
When someone works at a job for which he/she is overqualified, or works part time while desiring full time work
400
What is hyperinflation?
Inflation that is out of control
400
True or False? The Cost Push Theory states that inflation occurs when producers raise prices in order to meet increased costs
True
400
What number is below? (1-20)
1
400
What is the poverty threshold?
The income level below which income is insufficient to support a family or household
500
Who is your favorite teacher?
Mr. Jacques
500
What does the CPI (Consumer Price Index) measure?
The price of the market basket
500
What is the one sport where nobody knows the winner until it's over?
Boxing
500
What can run but never walks, Has a mouth but never talks, Has a bed but never sleeps, Has a head but never weeps.
A River
500
Name one cause of structural unemployment?
New technology, new resources, change in consumer demand, globalization, and lack of education
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