Economics
More Economics
Thanksgiving
Halloween Candy
Culture
100

What is opportunity cost? 

What you give up to get something. Value or benefits given up by engaging in that activity. 

100

What does GDP stand for? 

Gross Domestic Product

100

What holiday falls the day after Thanksgiving? 

Black Friday 

100

What day is Halloween? Be careful...

October 31st

100

Which NBA player scored the most points in any NBA game? 

Wilt Chamberlain (100 points)

200

Which of these is a negative externality? 

a. Water pollution from a local manufacturing plant

b. Higher prices caused by supply shortage

c. A store charging higher prices for products than others

d. All of the above

a. Water pollution from a local manufacturing plant
200

Which curve shows the inverse relationship between unemployment rate and inflation? 

Phillips Curve

200

Which president made Thanksgiving a national holiday? 

Abraham Lincoln

200

Complete this candy slogan, "Hungry? Why Wait? Grab a...".

Snickers

200

Which singer’s real name is Stefani Joanne Angelina Germanotta? (Hint: "I want your ugly, I want your disease")


Lady Gaga

300

A _____ is a single firm in a market while a _____ is a single buyer in a market

Monopoly; monopsony


300

Mathematically, what is the slope of total cost? (Hint: it's __ cost)

Marginal cost

300

How many days was the first Thanksgiving celebration?

Three days

300

What candy's motto is "Taste The Rainbow"?

Skittles

300

Name three of the artists who performed at the most recent Super Bowl. 

Dr. Dre, Snoop Dogg, Mary J. Blige, Eminem, and Kendrick Lamar

400

If expansionary fiscal policy was enacted, what type of monetary policy would be required to counteract the increase in output? (Tell us what the Fed would have to do to the interest rate)

Contractionary monetary policy: the Fed would have to increase the interest rate
400

Which of these goods is both RIVAL and EXCLUDABLE? 

a. Club Goods 

b. Common Resources

c. Public Goods

d. Private Goods

d. Private Goods
400

Which Native American tribe celebrated the first Thanksgiving with the pilgrims? 

a. Iroquois

b. Wampanoag

c. Algonquin

b. Wampanoag

400

Who is the number one importer of candy? 

a. The United States

b. The UK

c. Germany



a. The United States

400

In which film did father and son actors Will and Jaden Smith first appear together?

The Pursuit of Happiness

500
In economic theory, the term "ceteris paribus" is used to indicate: 

Other things being equal

500

A profit maximizing firm will stop production in short run, if price is: 

a. More than average cost

b. Equal to fixed cost

c. Less than average variable cost

d. Less than marginal cost

c. Less than average variable cost
500

How many calories per person on average are consumed at Thanksgiving dinner? Must be within    +/- 250

4,500

500

What candy has the slogan "Isn't Life Juicy"? 

Starbursts

500

What city did Starbucks open its first store in 1971?

Seattle

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