Good or Service?
Good
What is the point of the Economics Class?
To have the knowledge and ability to make economic decisions
Malta, Finland, Ireland, and Germany are a few places that use this currency.
What is the Euro?
A characteristic of currency making it easier to put in a pocket.
What is portability?
The character from "The Office" has the middle name Kurt.
What is Dwight Schrute?
Occurs in industries that slow or shut down for a particular time of the year.
What is Seasonal Unemployment?
Need or Want?
Need
44% of people in the US spend money on this kind of insurance. Go Fetch! Go Boy!
What is Pet Insurance?
Although in Europe, they are determined to be separate and use this type of currency, Yodel-la-hee-hoo!
What is Switzerland?
Can be easily replaced if they become worn.
What is Durability?
One can buy a baguette and watch the 2024 Olympic games in this city.
What is Paris?
An unofficial and invisible barrier in some workplaces prevent some women and minorities from advancing in certain companies.
What is the Glass Ceiling?
What is the difference between a Need and a Want
Needs are things that allow you to survive
Wants are things that you like having
Total value of all final goods and services produced in a year.
What is GDP?
This location was where paper currency was first invented. Can you figure out yen?
What is China?
Cows come in many sizes and shapes and each has a different value, these features do not work for this characteristic of currency trait.
What is uniformity?
These two places had earthquakes during our spring break.
What are New York and Taiwan?
Changing prices can distort GDP, to correct this economists use this instead.
What is Real GDP
What is this and why?
Service
These three things are considered factors of production.
What are Land, Labor, and Capital.
Exchanged for other denominations, say a 10, a 5, four 1s, and 4 quarters.
What is Divisibility?
Known for being a YouTube star, giving away millions of dollars, and partaking in attention-grabbing stunts. Oh yeah he also makes chocolate bars.
Who is Mr. Beast?
General Increase in prices
What is Inflation?
Why is a tree both a need and a want?
I might want a tree for its aesthetic. I need a tree for OX production.
What is the dilemma of Guns vs Butter?
Guns provide security. Butter provides nutrition. We can't always have both+balancing them is hard to do.
It refers to the silver weight of the currency
What is the Peso?
The U.S. government protects your right to use U.S. currency to pay your bills
What is Acceptability?
He is the Chair of the Federal Reserve - The top dog.
Who is Jerome Powell?
Percentage of people who live in households blow the poverty threshold.
What is Poverty Rate?