Economic Systems
This type of economic system has the government owning things like factories and deciding how many products are produced.
What is a command economy?
The public can buy a piece of a publicly traded company by buying this.
What is a stock?
This is what happens to prices when supply goes down and demand goes up.
What is rise?
The single letter “V” represents this company.
What is Visa?
This large male bovine represents the stock market when it is on the rise.
What is a bull?
This economic system has competition and private ownership of businesses as its basic principles.
What is a market economy?
The total value of your shares in XYZ Company if you have 100 shares and the share price is $1.00 per share.
What is $100?
This is what happens to prices when supply goes up and demand goes down.
What is fall?
The corporate giant Johnson & Johnson uses this three-letter code.
What is JNJ?
This large animal represents the stock market when it is on a losing streak.
What is a bear?
This concept controls prices in a market economy.
What is supply and demand?
The total value of your shares in ABC Company if you have 50 shares and the share price is $2.00 per share.
What is $100?
While people trying to get a loan don’t like this, raising this rate is the main tool the Federal Reserve uses to control inflation.
What is the federal fund rate?
This two-letter code isn’t the most obvious for Coca-Cola corporation.
What is KO?
The nickname for the London Stock Exchange (FTSE 100).
What is the Footsie.
This is a major problem faced by market economies that results in some people not getting their basic needs met.
What is inequality?
The amount of money you gained if you bought shares at $1.00 per share and you sold them at $2.00 per share and you had 1000 shares.
What is $1000?
Out of the 12 federal reserve banks, this is the one that is the closest to Ivy Street.
What is the Federal Reserve Bank of Boston?
The stock symbol TSLA is close to the company’s actual name.
What is Tesla?
This negative period in American history started with a major sell off in the stock market and a run on the banks.
What is the Great Depression?
This is the type of economy that takes some concepts from a command economy and some from a market.
What a mixed economy?
The amount of money you lost if you bought shares at $1.00 per share and you sold them at $.50 per share and you had 1000 shares.
What is $500?
The lowest amount of money someone can earn legally is currently at $7.25 federally and has not kept up with inflation.
What is minimum wage?
This retail giant’s stock goes by the three-letter code WMT.
What is Walmart?
This holding company with Warren Buffet as the CEO and Chairman of the board has the highest per share value at over $500,000.
What is Berkshire Hathaway?