Microeconomics
Economics is most basically defined as the study of this.
What is scarcity?
The Nile River's mouth is in this mediterranean country.
What is Egypt?
Yes.
What is uh huh?
Troll fishing has had disastrous consequences for the underwater environment, having killed many of these reptilians.
What are sea turtles?
1743, Shadwell, Virginia.
Who is Thomas Jefferson?
A monopsony has one of these on labor in a designated area, though due to better transportation, they barely exist anymore.
What is a monopoly?
This is the country which controls the Galapagos Islands.
What is Ecuador?
No.
What is nuh uh?
This fish is the most commonly consumed by humans, used in many popular dishes like sushi and certain sandwiches.
1818, Trier, Prussia.
Who is Karl Marx?
Typically, a supply and demand graph will have two concepts determined by where the intersection between the two curves lies, quantity produced, and this.
What is price?
The most northern of the baltics, this country was formerly a part of the USSR.
What is Estonia?
Oops.
What is uh oh?
In 1938, this thought to have been extinct fish was rediscovered, having had been predicted to come into being around 400 million years ago.
What are coelacanths?
1769, Ajaccio, France.
Who is Napoleon Bonaparte?
Typically, the name used for a company in academic economics is this.
What is a firm?
Swaziland changed it's name in 2018 to this.
What is Eswatini?
No way!
What is uh uh?
Phylum Porifera mostly consists of these benthic, sessile creatures. Maybe you'll know the answer if you like Nickelodeon!
What are sponges?
1809, Shrewsbury, United Kingdom.
Who is Charles Darwin?
One type of market failures are these, which are goods that either have too much or too little production, meaning socially optimal quantity cannot be reached within the market.
What are externalities?
This is the only Central American country whose name begins with an "E".
What is El Salvador?
What is uh?
Sharks are unable to have swim bladders to allow for increased buoyancy, and as such, must use their liver to produce this substance, which is less dense than water.
What is oil?
1853, Zundbert, Netherlands.
Who is Vincent van Gogh?