Unit 1 Review
An auction, a store, and a garage sale are examples of this
What is a market?
The law of demand states that as price increases, demand.....
What is decreases?
This actor plays Iron Man in the MCU
Who is RDJ?
This is Simba's dad in The Lion King
Who is Mufasa?
These small figures with a large head have taken the market by storm in recent years
What is Funko Pop?
He is the father of modern economics
Who is Adam Smith?
The law of supply states that as the price increases supply.......
What is increases?
This is the only bird in the world that can fly backwards
What is a hummingbird?
This famous streamer coined the term, "What's up, brother?"
Who is Sketch?
This is the famous female progressive insurance agent
Who is Flo?
People have unlimited wants but limited resources, making this principle ever-present
What is scarcity?
The point at which the supply and demand curves intersect is called the
What is the equilibrium point?
This is the full name of the Hobbit who carries the ring in LOTR
Who is Frodo Baggins?
This is the original host of the game show Jeopardy
Who is Alex Trebek
This city is famous for not being built in a day
What is Rome?
These are the three factors of production
What are land, labor, and capital?
The degree to which quantity demanded responds to price is called its
What is elasticity?
This is the only metal that stays liquid at room temp
What is mercury?
This is Childish Gambino's government name
What is Donald Glover?
This famous Olympic runner and WW2 soldier held the record for the longest time stranded at sea
Who is Louie Zamperini?
We ought to lower taxes is an example of this type of economics
What is normative economics?
Correctly label the X and Y axes of a supply and demand curve
What is the price on the Y and quantity on the X?
In Jurassic Park, the Dinosaurs were made from mosquitos fossilized in this substance
What is Amber?
These are the three Johto region Pokémon starter Pokémon
Who are Chikorita, Cyndaquil, and Totodile?
This is what the largest group of native people in Michigan was called
What are the three fires?