General
This is one of (if not) the biggest e-commerce store in the world.
Who is Amazon?
the branch of knowledge concerned with the production, consumption, and transfer of wealth.
What is economics?
This country introduced the Great Plan, which ended up setting the economy back.
What is China?
This is one of the events that greatly effected the economy that we are still recovering from in 2025.
What is COVID-19?
This was our president during the Great Recession of 2008.
Who is Barack Obama?
This type of activity is one example of planned expenses.
(Hint: We can all use one)
What is a vacation?
This word is a alternate term for when business lose nothing after producing a product.
What is overhead?
This country became from a democracy to a current dicatorship.
What is Venezuela?
This is a alternative name to when a business' expenses remain the same regardless of any sales.
What is overhead?
This was the job I was stuck with for one of the budget projects.
What is a Graphic Designer?
This can be both considered a consumer and a capital good.
(Hint: It's something that SOME of you use every day)
What is a automobile?
This a seismic domestic event was one of the worst economic disasters of the 20th century.
What was the Great Depression?
This former president in 1985 introduced perestroika.
Who is Mikhail Gorbachev?
This is when a item is usually high priced, highly demanded, but has a limited supply.
What is scarcity?
This brand semi discontinued one of it's cars in 2007.
What his the Jeep HUMMER?
This person is considered one of the earliest economists, wrote a book in 1776.
This word is used to describe where something or someone favors no side.
What is neutrality
(Or what is neutral?)
Collectivization was introduced after this was extended to agriculture.
What is Central Planning?
This person is one of most influential entrepreneurs of the 21st Century, with his influences in technology in the late 2000's.
Who is Steve Jobs?
What is California?
When dicussing mixed economies, we use this method.
What is asking WHO, WHAT, HOW, and FOR WHOM QUESTIONS?
This is the most important measure of revenue in economics.
What is marginal revenue?
What is consumers consider selling is revenue to the seller, this is one of two terms.
What is expenditures?
This person was a colleague of someone who caused a ideology in economics and in politics which would cause The Cold War.
Who is Friedrich Engels?
This individual won a Nobel Peace Price in 1976 for his work in macroeconomics?
Who is Milton Friedman?