Current Events
What entertainment industry makes more money than hollywood videos in the first 3 days?
Video Games
In this economic system, private property is owned by the government
Communism
This degree of competition involves very high startup costs and thus only a few companies exist
Oligopoly
Johnny just found 5 cents in the couch. Which money supply are these 5 pennies?
M1
This overall economic indicator measures all of the domestic output of a nation, and is used to report on the overall health of the economy
Gross Domestic Product or GDP
What a company or country does best overall, and should be a source of focus for economic output
Competitive Advantage
What political party now controls the house of representatives in the US congress?
Democrat
These are the fundamental rights of capitalism
Ownership, Competition, Free Choice/Labor
This form of competition is the easiest to enter the market
Perfect Competition
M2
This ecnomic indicator involves how many people are employed in the country, state, or region
Unemployment Rate
This trade barrier involves stability of a nation
Bill Gates wants to make more of THIS product to help the 4.5 billion in poverty
A toilet
America's Form of Economy is this economic system
What is MIXED
In this kind of economic degree of competition, companies will compete with each other to run each other out of business. The goal is to become the best. There are many entrants in this market, and differentiation is the key to surviving
Monopolistic
The federal reserve sets what each time it meets?
Interest Rate
This ecnomic indicator measures how balanced the trade is between two countries.
Trade Balance
These fees or taxes on goods as they come into a country can sometimes decrease trading between nations
What are TARRIFS
The stock market did THIS after the election was over
Went up, WAY up
This economic system ensures the right to ownership of private items, but the government will own major industries
Socialism
In this form of degree of competition, there is only one provider of a certain good or service
Monopoly
Whereas Micro economics studies individual companies and industries within a country, THIS study of economics is concerned with the OVERALL economy
Macro Economics
This economic indicator measures how much people pay for essential goods over time
The Consumper Price Index
A countries infrastructure, income, and population can present THESE barriers to trade
Economic Barriers
Donald Trump is raising tarrifs on THIS country to get them to be better trade partners
Many countries in Scandanavia and Europe are classified as THIS kind of economic system
Socialism
Carrots, potatoes, and black beans compete in this degree of competition
Perfect
THIS percent is how much a bank MUST KEEP IN your bank account, as set by the Federal Reserve Board
10%
Producer Price Index PPI
Some societies have different values and these present what trade barriers?
Social Cultural