Old Topics
This occurs when the quantity supplied equals the quantity demanded.
What is markert equilibrium?
This Netflix sci-fi series follows a group of kids in Hawkins, Indiana battling supernatural forces.
What is Stranger Things?
This acronym stands for the total value of all final goods and services produced within a country in a year.
What is GDP?
This sweetener is most commonly used in American baking and comes in granulated, powdered, and brown forms.
What is sugar?
This GDP component equals exports minus imports.
What is net exports?
This term describes the value of the next best alternative that is given up when making a decision.
What is opportunity cost?
This animated Australian import on Disney+ continues to dominate streaming charts with over 25 billion minutes viewed.
This term refers to the year used as a benchmark for calculating real GDP.
What is base year?
This protein network gives bread its structure and chewiness.
What is gluten?
This is the largest component of GDP, representing household spending on goods and services.
What is consumption?
This term refers to the amount of a good that producers are willing and able to sell at a specific price.
What is quantity supplied?
This FX series blends surreal comedy and social commentary, created by Donald Glover.
What is Atlanta?
This method of GDP calculation adds up all spending on final goods and services.
What is the expenditure approach?
This specialized oven type or setting uses a fan to circulate hot air, resulting in faster and more even baking.
What is convection?
Spending by businesses on capital goods is captured in this GDP component.
What is investment?
This economic law states that, all else equal, as the price of a good increases, the quantity demanded decreases.
What is law of demand?
This HBO drama follows a televangelist family whose empire is built on greed, hypocrisy, and dysfunction.
What is The Righteous Gemstones?
This method of GDP calculation adds up all income earned in the economy.
What is the income approach?
This ingredient helps baked goods rise by releasing carbon dioxide when mixed with acid.
What is baking soda?
Government purchases of goods and services are included in GDP under this category.
What are government expenditures?
Karlan discusses how this type of market failure can occur when the full costs or benefits of a transaction are not borne by the buyer or seller.
What is an externality?
This HBO dark comedy stars Bill Hader as a hitman who discovers a passion for acting.
What is Barry?
This method of calculating GDP adds up the value created at each stage of production, subtracting the cost of intermediate goods.
What is the value-added approach?
This ingredient, often used in pie crusts, creates flakiness by melting during baking and releasing steam.
What is butter?
The category of expenditure that education falls under.
What is consumption?