G+S+N+W
Econ. choices
Micro/Macro
Currency
Da World
Johnny Boy
100
Good or Service?
Good
100
What is the point of the Economics Class?
To have the knowledge and ability to make economic decisions
100
Define Micro or Macro
Micro- Small search(individual)
Macro-Large search(groups)
100
What do Saltines, stars, and sunflowers have in common?
Not used as currency
100
What is going on in Israel?
Conflict between Israel and Hamas.
100
What is a political issue between Guam and US
Veterans, political representation
200
Need or Want?
Need
200
Do we have pure capitalism/communism in the world? What class example did we use?
Pure Tomato Soup would taste terrible. Isms in economics have to compromise to work
200
Is the shutdown of Google Services worldwide a Macro or Micro problem
Macro(affects a large number of people)
200
What is one thing that has been used by currency?
Rei Stone, Sheep, Beans, Beads, Bottlecaps
200
Who was impeached this week?
Homeland Secretary Mayorkas
200
Who does John Oliver insult regarding his brand of electric cars
Elon Musk
300
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
300
What is Scarcity and where is a location that has it?
A shortage in needs and wants due to inadequate resources. Syria.
300
Give me one macro or micro problem we looked at last semester?
Many potential answers
300
Name 1 function of Currency
Exchange, Unit, Holder of Value
300
What is happening in Texas
Conflict between State and federal government on immigration
300
Why did John Oliver make a segment on Alex Jones
Alex Jones creates Fake News on School Shootings
400
What is this and why?
Service
400
What is the difference between an opportunity cost and a decision?
Decision- first choice made
Opportunity Cost- what you give up in that decision
400
Is your Aunt's garage sale a micro or macro economic event?
Micro- individual and not how economics affects many different groups
400
What is one characteristic of currency?
Portable/Divisible/Acceptable/Stable
400
Xi Jingping came to visit what US state?
California
400
Xi Jingping has been compared to what animated character?
Winnie the Pooh
500
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.
500
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.
500
Why should we use micro and macro in studying economics
It gives us different ways to analyze economic problems and policies
500
Is currency a physical thing, an idea, or both? Why?
Both. It is the physical object and the idea of money on top of it.
500
Share your modern news clip
Modern News
500
John Oliver looked at a place we have all gone to.
What was that place?
Dollar Store