Economics Trivia
What is the term used to describe a situation where too much money is chasing too few goods?
Which environmental activist gained international fame for her school strike for climate and was named Time's Person of the Year in 2019?
Greta Thunberg
What significant climate agreement did countries reaffirm their commitment to in November 2022?
The Paris Agreement
Which toy, featuring colorful plastic pieces that could be snapped together to form various shapes, was a huge fad in the late 1980s?
LEGO
The more of this there is, the less you see. What is it?
Darkness
Give three examples of merit goods.
Merit goods such as education, healthcare, and vaccinations are excludable and rivalrous but deemed beneficial for individuals and society.
Which billionaire was rejected from every job he applied to after college, even KFC?
Alibaba's Jack Ma.
Which tech company unveiled its first-ever AR/VR headset in 2023?
Apple
What popular 1980s arcade game involved a yellow character eating dots and avoiding ghosts?
Pacman.
This is something that is owned by you but used a lot more by others. What is it?
Your name.
Name the concept where consumers and producers interact to determine the price and quantity of goods and services.
Free market or the market economy.
Name two of the five wealthiest people in the world for 2024.
Bernard Arnault - $226 billion, the chairman and CEO of LVMH (Louis Vuitton Moët Hennessy).
Elon Musk - $203 billion, the CEO of Tesla and SpaceX, and X.
Jeff Bezos - The founder and executive chairman of Amazon has an estimated net worth of $198 billion.
Mark Zuckerberg - The CEO of Meta Platforms (formerly Facebook) has a net worth of about $166 billion.
Larry Ellison - Co-founder and chairman of Oracle Corporation, Ellison's net worth is approximately $146 billion
Which city will host the 2028 Olympics?
Los Angeles.
Which animated TV series, starting in the late 1980s, features characters named Bart, Lisa, and Homer?
The Simpsons.
This keeps running even though it has no legs. This doesn't need to sleep even though it has a bed. This doesn't save money even though it has banks.
Which organization is known for providing loans and financial assistance to countries in need?
The World Bank.
Name the founder of Bytedance (aka TikTok)
Zhang Yiming
Which country became the first to approve the sale of lab-grown meat in 2023?
What was the name of the handheld digital pet toy that became a craze in the late 1990s?
Tamagochi
What can travel around the world while staying in a corner?
A stamp.
Which famous economist is known as the father of modern economics and wrote "The Wealth of Nations"?
Adam Smith.
Who is the youngest person ever to be awarded the Nobel Peace Prize, known for her advocacy of girls' education?
Malala Yousafzai
Non-wage benefit: Which nation passed a law in 2023 making it mandatory for companies to provide menstrual leave for women?
Spain.
What was the name of the portable cassette player introduced by Sony in 1979?
The Walkman.
Take away four letters from this five-lettered word, and it would still sound the same.
Queue.