Principles of Econ
Supply & Demand
Money & Gov
Econ Facts
100
Economics is defined as the study of choices within _
Scarcity
100
When prices increases, quantity supplied -
Increases
100
Two types of policy used by the government to help the economy
Fiscal and Monetary
100
This coin was discontinued in 2025
The Penny
200
In this economy types, the government makes all economic decisions
Command Economy
200
When prices increases, quantity demanded -
Decreases
200
The name of the National Bank of the United States
The Federal Reserve
200
Most commonly used cash denomination when paying with cash
$20 Bill
300
This economy types is defined by private businesses and consumer choices
Market Economy
300
When quantity demanded equals quantity supplied, it is called
Equilibrium
300
Name one examples of something that can be used as "commodity money"
Silver, gold, salt, water, ect.
300
Most profitable company in the United States today (Guess from every team on your whiteboard)
Alphabet (Google)
400
Name the two factors of production that are typically people
Labor and Entreprenurship
400
Name label 1 & 2
1 = Supply 2 = Equilibrium
400
Target inflation rate for the United States
2%
400
The highest unemployment rate ever reached by the United States (Guess from every team on your whiteboard)
25% in 1933
500
The next best alternative you loss when making a choice is called your
Opportunity Cost
500
Name label 4 & 5
4 = Quantity 5 = Prices
500
The 52 week range of a stock tells you -
The highest and lowest price in the last year
500
The highest inflation rate ever reached by the United States (Guess from every team on your whiteboard)
17.84% in 1917