Annandale and Klaverkamp Facts
The two people in the business department at Annandale
Who is Mrs.Wrobbel and Mr.Klaverkamp?
Percentage of wealth transfers that are lost by the third generation
What is 90%?
The study of how humans make decisions in the face of scarcity
What is economics?
Market where there is only one supplier
What is a monopoly?
Unemployment of seeking a new job
What is frictional unemployment?
The amount of siblings Mr. K has
What is the number 3?
Country whice owned the colony which became Haiti
What is France?
The fourth term of labor, capital, entrepeneurship and
What is land?
Term where an increase in price will not effect demand by much.
What is inelastic?
Only good relating to GdP
What is a final good?
Mr. K's favorite color
What is yellow?
For every 1 degree increase in temperature, gdp drops by what %.
What is 0.7%?
The cause of the black market according to economics.
What is regulations?
Assumption we work under in economics
What is ceteris paribus?
Trade policy of protecting the local economy
What is protectionism?
Mr.K's first name, Otto, is this language arts term. (Daily DOUBLE)
What is a palindrome?
Percentage that people in cities earn more than people who live in rural areas
What is 23%?
The kind of goods that wifi is
What is club goods?
When a country is better at producing something
What is absolute advantage?
Policy related to taxation
What is fiscal policy?
The three night shift custodial staff
Who is Rick, Logan, and Jeff
Percentage that Singapore's GDP is higher than Malaysia"s
What is 50%?
Is said to control the free market and push it towards equilibrium
What is the invisible hand of the market?
What is the law of comparative advantage?
Policy which manages interest rates
What is monetary policy?