Who won the Super Bowl in 2020?
Kansa City Chiefs
What is the Law of Supply?
The higher the price, the greater the quantity the producer will want to produce.
Indianapolis Colts
Who has a last name James and plays for the Lakers?
LeBron James
What does GDP stand for?
Gross Domestic Product
What is this known as? -For every decision you make, you sacrifice something else.
A Trade-off
What is the super-bowl of the NBA?
NBA Finals or NBA Championship
What is the ability of an actor to produce more of a good or service than a competitor, known as?
Absolute Advantage
Peyton Manning
A single seller or producer that excludes competition from providing the same product, is known as what?
A monopoly
What is the blue point in the middle of the graph known as?
Market Equilibrium
What is the price elasticity of demand?
Measures how much the quantity demanded responds to a change in price.
Atlanta Falcon
What's his name and position, and double point if you can guess his team he just switched to.
Dansby Swanson
Shortstop
Chicago Cubs
What is Frictional Unemployment?
Workers leave their jobs either voluntarily (i.e., they quit) or involuntarily (i.e., they get laid-off), and several million more are hired.