This is the inability of supply to meet the desired consumption of a good or service.
What is scarcity?
This is a tax imposed on imported goods, intended to give domestic businesses an economic edge.
What is a tariff?
This is when a system isn't changing, but a small input could affect it.
Equilibrium
Define the word in bold:
"We know that DNA is the repository for information, storing a digital code."
What is "a container?"
Who is Matthew?
This is the amount of a good or service which is available for consumption.
What is supply?
This is a limit on the number of goods another nation may import, intended to give domestic businesses an economic edge.
What is a quota?
This is when a large change in input is necessary to affect a system.
What is stability?
Define the word in bold:
"It's the standard paradigm for contemporary cosmology."
What is "current?"
The women in Jesus' group voted this color for his sash before he went before the crowd in order to represent this. (two answers)
What is blue, to represent peace?
What is demand?
What is Mr. Noah's second daughter's middle name?
What is Hazel?
True or False: a system can be stable but not be in equilibrium.
True
Define the word in bold:
"Before we ventured into mathematics, I paused the recording."
What is "move" or "go?"
When Mary encountered the demoniac and left camp, she went to this city to drink and gamble.
What is Jericho?
This is the additional cost of choosing which good or service to purchase -- it has both a monetary and non-monetary element.
What is an opportunity cost?
These are the three goals of an economic system.
What are stable prices, low unemployment, and economic growth?
Invasive species wreaking havoc on a new environment is an example of a large "force" causing this kind of system to become unstable.
What is an ecosystem?
Define the word in bold:
"... rigorously defending [the arguments] from every objection."
What is "with a lot of energy?"
In the beginning of Episode 8, Judas made a business deal to buy a piece of land. His business partner and he were planning to find what underneath the rock?
What is salt?
Part 1: This is the tendency of the price of a good or service to increase or decrease;
Part 2: If a good increases in price only slightly but the demand for that good plummets, that good is "perfectly _____"
Answer 1: Elasticity
Answer 2: Elastic
These are the five economic groups of people affected by public policy decisions.
Who are consumers, producers, workers, savers, and investors?
This is Mr. Noah's favorite author.
Who is Wendell Berry?
Define the word in bold:
"In order for it to oscillate, it has to contract at some point."
What is "grow and shrink?"
When Quintus interviewed Jesus, he referenced this metaphor, dividing Jesus' actions into two categories and asking him not to cause trouble.
What is eating fish and spitting out the bones?