Supply and Demand
Markets
Taxes
Circular Flow
Stranger Things
100

Define supply and demand.

Supply is the amount of a good or service available, and demand is the quantity wanted by consumers. 

100

Name one market in Australia. 

Financial, labour, retail or stock markets.

100

What are taxes?

Taxes are money paid to the government by people

100

What is the circular flow?

The circular flow represents the money in the economy and how it flows around aspects of the economy. 

100

Who is Max´s brother?

Billy

200

What happens when demand for something increases?

The supply will decrease. 

200

What are some people/businesses involved in financial markets? 

Banks and financial companies!

200

What are some examples that governments use taxes for?

Governments use taxes for medicare, infrastructure such as roads, education, etc. 

200

What are the two main groups in the circular flow of the economy? (The ones at the top!)

They are individuals and businesses.
200

What is the mall that opens in Season 3 called?

Starcourt Mall

300
What is the point where supply and demand meets in a graph?

The market equilibrium.

300

What are shares? 

A share is a piece of a company that can be bought and sold. Whoever owns it will receive a portion of the profit, depending on the amount of shares that the person owns. 

300

What are some different types of taxation?

There is income tax, corporate tax, property tax, inheritance tax and sales tax (GST).

300

What are injections and leakages defined as in the circular flow?

Leakages are any money coming out of the economy, and injections are any money coming into the economy.

300

What year is Season 3 set in?

1985

400

What directions do the supply and demand curves go?

Demand goes \ and supply goes /

400

What are exchange rates?

Exchange rates are the rate at which money can be changed from one currency to another.

400

What are tax deductions?

Tax deductions are any taxes that you can claim back if you have had them taken out unfairly or if you have used your own money for a business related issue. e.g a teacher buying their own supplies for the classroom. 
400

Name the five sectors that money flows through in the circular flow.

There are individuals, businesses, financial, government and overseas sectors.
400

What happened to Eleven to cause her powers?

Her mother was experimented on, and she was then tested in a lab by Dr Brenner. 
500

Why does the curves of supply and demand go the way they do?

Supply curves go / because they are at a lesser supply when it is cheap, because there is a higher demand. Demand curves go \ because demand is lower at a high price. 
500

What is interest?

Interest is an extra cost added on while paying back a loan from a financial institution. 

500

How much are people earning over $180,000 taxed?

They are taxed 45 cents for each dollar over $180,000.

500

What are the leakages and injections in the circular flow?

Leakages: Savings, Taxation and Imports

Injections: Investments, Government expenditure and exports

500

What happened to Will in season 1, and how did he escape?

Will was taken into the Upside Down, and was saved by Joyce and Hopper after they discovered the new dimension.

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