George Washington
George Washington was the ____ president
first
What is the central question in all of economics
How do we satisfy our unlimited demands with our limited supply?
The supply and demand graph has how many lines in total?
4
What is a merger?
When two or more companies combine into one
How many soccer teams are in the Chinese Super League?
16
Revolutionary and 7 Year's War
Economics is the study of...
Making choices
The point where supply and demand meet is known as...
equilibrium
What are the four main types of competition?
Monopoly, oligopoly, perfect competition, differentiated competition
What kind of diet did brontosaurus eat?
herbivore
George Washington's wife's name was...
Martha
A command economy is...
When the gov. commands all aspects of an economy
as price decreases, quantity demanded increases. This is known as the....
law of demand
Two companies from completely unrelated markets merging with one another is known as a...
conglomerate merger
What is the highest number room number on the second floor of VHS?
297
There is a famous folk tale of George Washington cutting down a _____ tree
Cherry
In a mixed economy, the gov. role is to...
regulate, but not control, the economy
As price increases, sellers want to sell more of a product. This is known as the...
law of supply
What is a dominate strategy?
A choice that allows the highest outcome for a firm regardless of what the competition does
How many times zones does Russia cross?
11
How many cabinet members served George Washington during his first term as president?
4
John Maynard Keynes is known for creating what?
Mixed, or socialist, economy
What happens to price and quantity as demand decreases?
Price decreases, quantity demanded decreases
Perfect competition have _______ barriers to entry
no
Who is Mr. Lopienski's SECOND favorite president of all time?
Calvin Coolidge