History of Econ
The two branches of economics.
What is microeconomics and macroeconomics
The gradual loss of purchasing power measured by the rise in price for goods and service.
What is Inflation?
Type of investment where a buyer of a company's stock becomes a fractional owner of that company (AKA shareholder)
What is stock?
Buildings that generate revenue, create jobs, and host events.
What are Arenas and Stadiums?
Transportation, Accommodation, Food & Beverage, and Attractions are four examples.
What are the 8 Sectors of Tourism?
The trade route that connected China and Europe.
What is the Silk Road?
The percentage economists agree is good for inflation.
What is 2%?
Two styles of investment.
What are Active and Passive investments?
The process of comparing the projected or estimated costs and opportunities associated with a project decision to determine whether it makes sense from a business perspective.
What is Cost Benefit Analysis?
The total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period.
What is Gross Domestic Product? (GDP)
Two economic philosophers during the Great Depression.
Who are John Maynard Keynes and Friedrich Hayek?
A strategy employed by companies, mainly in the food and beverage industries, to stealthily boost profit margins or maintain them in the face of rising input costs.
What is shrinkflation?
A collection of invested assets such as stocks, bonds and funds with the intention of being diverse.
What is an Investment Portfolio?
The quantity of a good or service that producers are willing to sell at different price levels within a given timeframe.
What is Supply?
Three factors that attract tourists to a certain place.
What are Food & Beverage, Climate, and Attractions.
The beginning of recorded economics started in this age.
What is the Bronze Age?
The most common industry that engages in shrinkflation.
What is food and beverage?
Nike, Tim Hortons, and Lululemon are examples of___________ investment sector.
What is Consumer Discretionary?
In 2022, _________ generated 67% of global recorded music revenues.
What are Streaming Services?
Airlines and Ticketmaster are know to use this model for pricing tickets.
What is Dynamic Pricing Model?
The 10 elements of Ancient economic thought. (Name 5)
What are Agriculture, Trade, Infrastructure, Craftmanship & Industry, Currency, Taxation, Accounting, Labour Systems, Resource Management, Social & Political Structures.
The two types of inflation.
What are Demand-Pull Inflation and Cost-Push Inflation?
The largest investment sector.
What is Information Technology?
Mostly ticket tout businesses or scalpers reselling tickets for an inflated price.
What is Secondary Market Price?
Investment in Tourism Assets, Embrace Recreation and Outdoors, Grow Indigenous Tourism, and Attract more International Events are examples of ______________.
Canadas Tourism Strategy.