It's Here!
Pick ME!
Go Ask Alice
OMG, I'm Hilarious
Surprise Me!
100
DAILY TRIPLE!!! What "piece" of economics deals with consumer confidence level, consumption/spending, employment decisions, etc...?
Microeconomics
100
What "piece" of economics deals with fiscal policy, monetary policy, big business behaviors, etc...?
Macroeconomics
100
In 1975, Alice became the first director of which Congressional Office?
Congressional Budget Office
100
What's my nickname?
The Guru of the Tax Revolt
100
Which economist's ideas are also known by the name Reaganomics?
Arthur Laffer
200
Who UNDERESTIMATED the power of labour unions?
Karl Marx
200
Which economist is associated with DEMAND SIDE Economics?
John Maynard Keynes
200
According to Rivlin, what is the best way to keep government budgets under control?
Long term planning
200
DAILY DOUBLE!! At what TWO tax rates (percentages) will the Gov't collect zero revenue?
0% and 100%
200
_____ _____ Economics creates incentives for people to produce.
Supply Side
300
Why will owners NEVER negotiate away their advantages?
It goes against animal/human behavior
300
"For Economics U$A, I'm ___________"
David Schumacher
300
Alice abandoned the traditional government practice of using a one-year budget plan for ______ year budget plans.
five
300
Any tax rate above 50% lurks in what dangerous zone?
The zone of disincentive
300
List THREE of the Key Economic Indicators
Funemployment, housing starts, car sales, the stock market, interest rates, factory utilization, inventories
400
What are the FOUR patterns of change under INDUSTRIALIZATION?
Size of Cities, Living Conditions, Working Conditions, Emerging Social Classes
400
Increasing tax cuts and increased Gov't spending lead to growth in what area?
The National Debt
400
DAILY DOUBLE!! Alice, how do we fix inflation? "Do everything you can because _______________."
There is no simple answer
400
As tax rates rise, the high rates become ____________ and act as a ______________, slowing down the economy.
Punitive / Disincentive
400
On the Lorenz Curve, the 45-degree line or the "line of perfect equality" represents what type of government/economy?
Pure Communism
500
What did Karl Marx believe was the "opiate of the masses"?
Religion
500
You put money into the bank (it goes in a shoe-box with your name on it in the vault) what do you get in return?
Interest
500
Where does Alice currently work?
On the Board of Directors for New York Stock Exchange
500
I cannot recall, where did I first draw and present my infamous Laffer Curve back in the 1970's?
On a dinner napkin
500
What does F.I.S.T. stand for?
Federation of Inter-State Truckers
M
e
n
u