Defined items that are concrete, visible and satisfy human wants.
What is economic goods?
100
Bad publicity and a recession leading to a decrease in disposable income for consumers.
What are factors that may lead to a decrease in demand?
100
An attempt to measure whether or not a country's growth, increased production of goods, and expanding services have actually resulted in the improvement of the welfare of the people in the country.
What is the genuine progress indicator?
100
Spain has this in wine.
*Slide Show*
What is comparative advantage?
100
Works to make certain that producers in developing countries are paid a fair price for the goods consumed in the developing world.
What is fair trade movement?
200
Sits on the far left side of political spectrum.
What is communism.
200
This curve shows that a product is this.
*Slide Show*
What is inelastic?
200
He believed that monetary policy can influence many macroeconomic variables over short periods of time.
Who is Milton Friedman?
200
Invisible trade, is the exchange of services, tourism, investment incomes, and other transfers of funds is this.
What is non-merchandised trade?
200
DAILY DOUBLE
Units that are purchased to mitigate or “offset” greenhouse gas emissions.
What is carbon offsets?
300
One goal makes another goal easier to achieve.
What is complimentary goals?
300
This might reach 0 after drinking 5 cans of soda.
What is utils (utility)?
300
Employment insurance, welfare and progressive tax systems are all examples of this.
What are automatic economic stabilizers?
300
A paradoxical situation in which countries with an abundance of non-renewable resources experience stagnant growth or even economic contraction?
What is the resource curse?
300
Used by government and private business to anticipate what will occur in the future.
What is economic forecasting?
400
This service is a part of this sector.
**Slide Show
What is government (provincial)?
400
It is complex to enter the market, many barriers, small amount of firms, usually very large.
What is an oligopoly?
400
A period of 12-18 months to get monetary policy changes in effect.
What is time lag?
400
This organization’s goal is to improve the welfare of the peoples of its member countries, specifically by overcoming trade barriers and providing a platform for negotiation of free trade in the world.
What is the World Trade Organization?
400
Having very low wealth, or having little money and few material possessions.
What is poverty?
500
DAILY DOUBLE
He said “from each according to his abilities, to each according to his needs.”
The formula for calculating the amount of loans an institution can disperse based on Fractional Reserves.
What is L = R / FR%?
500
Allows Canadian advertisers to claim advertising expenses placed in periodicals which are at least 75 per cent Canadian owned, or on television stations which are at least 80 per cent Canadian owned.
What is Income Tax Act?
500
A measure of life expectancy, literacy, education, and standard of living for countries world wide.