Miscellaneous 1
What is the current National Football League team located in Houston?
Texans
Santa Fe is the capital city of what state?
New Mexico
What is the law of demand?
As price goes down, demand goes up
What is the law of supply?
What is MCP?
What color is the 8 Ball in Billiards?
Black
What was the name of the ancient trade route that connected the East with the West?
Silk Road
What is market demand?
The sum of all individual demands in a given market at a particular time
If the price of inputs increases, what is the effect on supply?
Shift to the left
What is a shortage?
Demand is greater than supply
Which of these presidents is NOT on Mount Rushmore?
George Washington, Abraham Lincoln, Thomas Jefferson and Franklin D. Roosevelt
FDR, it it Teddy Roosevelt
Who was the first Disney princess to have a tattoo?
Pocahontas
The price of peanut butter increases. What is the effect on the demand for jelly?
Leftward shift
A company leaves the market for CDs, what is the effect on supply?
Shift to the left
What is a surplus?
Supply is greater than demand
What was the first animal to ever be cloned?
A sheep
The Rockettes dance troupe most famously perform at what New York City venue?
Radio City Music Hall
An article comes out detailing the benefits of green tea, what would be the effect on demand?
Shift to the right
New technology allows for faster production, what is the effect on supply?
Shift to the right
How is a surplus corrected?
Price lowers until supply meets demand again
In 1863, what memorable speech did Abraham Lincoln give during the dedication of the Soldiers’ National Cemetery?
The Gettysburg Address
What was America’s first national park?
Yellowstone National Park
A sale ends on eggs, what is the effect on demand?
A decrease in demand due to price effect
A movement along the supply curve due to a change in price.
How is a shortage corrected?
Price rises until demand meets supply again.