Inflation
Unemployment
Economic Growth
International Trade Bal.
Chipotle Facts (Doesn't Really Count)
100
the continual rise in the general level of prices in an economy
What is Inflation
100
What is the definition of unemployment rate?
measures the proportion of a country's workforce not in official employment.
100
What is the business cycle?
the pattern of fluctuations in economic growth
100
What is exchange rate
the value of the domestic currency in terms of foregin currencies
100
What are the major types of food you can order from Chipotle? (Name 4)
Burrito Bowl Crispy Corn Tacos Soft Corn Tacos Soft Flour Tacos Salad Kid's Menu
200
What are the causes of Inflation?
-excessive demand -higher costs of production
200
Govt uses what to tackle unemployment?
a combination of policies -if a specific one is named, then you get the points
200
What is economic growth
the increase in a country's economic activity over time
200
What are protectionist measures?
any policy that tries to protect domestic business
200
What is the price of steak? (no Tax)
$6.65
300
What type of inflation do countries want?
low and stable inflation
300
caused by periodic and reoccurring changes in demand for a product.
Seasonal Unemployment
300
What is gross domestic product?
The total value in the economy's output
300
What is the best kind of balance that a country should have?
More exports than imports (value)
300
The first city in Canada that Chipotle was established
What is Toronto?
400
What is Russia's current inflation rate
15.6%
400
Name 3 types of unemployment
Frictional Unemployment Seasonal Technological Regional Structural Cyclical
400
Name the business cycle in order
Boom Recession Trough/Slump Recovery
400
What are the implications of tariffs on business?
(Based on The groups answer yes or no)
400
Who is the owner of chipotle?
Steve Ells
500
What are the problems of inflation?
complicates business planning high threat to businesses price competitiveness is skewed
500
What is the unemployment rate in russia?
5.2%
500
What period of the business cycle is Russia in?
Growth
500
Does Russia have Protectionist Measures? If so, what exactly are they? (be specific)
-food sanctions on US good, many European goods, and Canadian goods
500
What franchise formerly owned chipotle?
Mcdonalds
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