Economic Models
Gross Domestic Product
What is the price paid to access money that doens't belong to you?
Interest
Sales of electric vehicles for what car company fell 72% in February likely due to the political stance of it's CEO?
Tesla
What is it called when a player scores 10 or more points, rebounds and assists?
triple double
Who on this list has Taylor not dated?
Nick Jonas, Taylor Lautner, John Mayer, Jake Gyllenhall, Harry Styles, Calvin Harris, Tom Hiddleston, Matty Healy, Travis Kelce
In the Circular Flow of Income Model what are the two main sectors of a simple economy?
Households and firms
Identify one positive and one negative of globalisation
+: Expanded markets, products, services, cheaper materials, access to different inputs (labour, materials, tech, capital)
-: Increased competition to domestic, risk of global contagion, environmental concerns, lack of global regulation.
What is Australia's top valued company
CBA
Who is the all time leading NBA point scorer
Lebron
Which fashion brand did Kanye collaborate with to create the Yeezy line?
Adidas
Savings, Taxes, Imports
Describe two benefits of CSR
Employee recruitment/retention, increased sales, positive brand recognition, productivity, competive advantage, attract better employees,
What is the corporate tax rate in Australia for a large business
30%
What was the name of the villanous basketball team from outerspace in the film "Space Jam"
The Monstars
Which of the four stars above appeared in the "Scream" franchise
Samantha Carpenter
Double Point Question:
The Labour Government announces an increase to penalty rates for all service industry workers (hospitality etc). How would this impact the price of beer in bars?
Draw a complete diagram of this issue on the board.
Need to identify that supply would shift to the left with rising employment costs (a key factor of production).
Equilibrium Q would fall, Eq P Increase
Define the term "negative externality"
A negative cost as a result of product being produced/purchased which isn't being paid by the consumer/producer. Pollution, overfishing, environmental impacts
What is the name of the former Australian Soldier who lost his defamation case last year for his involvement in war crimes?
Ben Roberts Smith
How many teams compete in the first round of march madness?
64
What was the title of Billie Eilish's debut album
When we fall asleep where do we go?
According the the RBA when has a recession occured?
After two consecutive quarters of negative economic growth
Profit Share
Voting Rights
Anthony Albanese last week accused two of Australia's biggest companies of "Taking the p***" and accused them of price gouging consumers. Which companies?
Coles/Woolies
Which university has won the most March Madness titles?
UCLA
What was taylor swifts debut single
Tim McGaw