Cat 1
Cat 2
Government throwback
Car parts
Econ units 1 and 2
100
products that are typically consumed together
What are complementary goods
100
products that are used in replace of another
What are substitute goods?
100
Identify one current conservative and liberal "stronghold" (one each) in the United States
Conservative - Bible Belt, Texas, midwest, rural areas
Liberal - big cities, CA, Northeast, and Northwest
100
What is this?
Radiator
100
The cost of the next best alternative
What is opportunity cost?
200
What are the opportunity costs of staying at home on a Friday night working on homework?
Time spent with friends, memories, etc.
200
When in the market, supply meets demand (matches it)
what is equilibrium?
200
How many electoral college votes to win the presidency?
270
200
What is this?
Axle
300
a situation where the supply of a good or service exceeds its demand
What is a surplus?
300
a situation where the demand of a good or service exceeds its supply
What is a shortage?
300
What is the main, fundamental difference between a Republican and a Democrat?
Republican - small gov't and states rights
Democrat - bigger gov't and more powerful cental gov't
300
What is this? 
Transmission
300
Differentiate between principal and interest
Principal is the amount of money that is borrowed from a creditor
Interest is the amount of money that is charged over time for using credit, written out as a percent of the principal
400
What is the economic method of getting rid of a shortage?
Price of goods decreasing
400
What is the economic method of getting rid of a shortage?
Price of goods increasing
400
Differentiate between a theocracy and an oligarchy
Theocracy - religious group in charge
Oligarchy - a small group (usually wealthy) in charge
400
What is this 
Spark plug
400
What do points 1-4 represent? 
1 - underproducing
2 - impossible
3 and 4 - ideal production
500
Identify two ways DEMAND can increase
ways demand can increase
500
Identify two ways SUPPLY can decrease?
Two ways SUPPLY can decrease
500
Describe the process of creating a law
Idea from public. Congress person writes a bill. Goes to committee. Needs 2/3 vote. Presidential either signs or vetoes.
500
What is this 
Piston
500
the additional cost of producing one more unit of a good or service
What is marginal cost?