Economics
Refers to the economic problem of having limited resources with unlimited wants
What is scarcity
Things that people must have to survive
What are needs
Things that people would like to have but can live without
What are wants
The minimum age requirement for Facebook
What is 13?
I die at the end of the final Avengers movie.
Who is Iron Man (Tony Stark)?
Someone who buys goods and services
What is a consumer
Actions done for others in exchange for payment
What are services
Tangible items that people consume or use
What are goods?
Known for its 140 character limit.
What is Twitter?
Who died in Peter Parker's family?
Who is Uncle Ben?
The cost involved in your decision to purchase something
opportunity cost
The study of how individuals, governments and business make choices about allocating scare resources
What is economics
The effort people contribute to the production of goods and services
What is labour
What event made TikTok a viral platform?
What is the pandemic?
What alias did Black Widow use as Tony Stark's Assistant in Iron Man 2?
What is Natasha Romanoff?
Economic system in which the government controls and sets prices
What is a centralized/planned economy
When an item leaves a country it is called this.
What is an export?
The direct trading of goods and services between people without the use of money
What is barter
Known for its disappearing pictures.
What is Snapchat?
This character has laser beams that shoot out of its eye.
Who is Cyclops?
A store receives 1000 rolls of toilet paper and 200 people need it. What is the economic term for the amount of product?
What is a surplus?
The economic system in which individuals/businesses decide what, how, and how much will be produced/sold
What is a market economy
Change in cost of items over a period of time.
What is inflation?
As of January 2022, TikTok has ___ monthly active users.
A. 500 million
B. 800 million
C. 200 million
D. 1 billion
What is 1 billion?
The amount of infinity stones.
What are six?