Some might say that it actually stands for Giant Donut Pie, but that won't hold up in Econ 101 where it measures the total $ amount produced by a nation in a year
What is Gross Domestic Product (GDP)
100
In this type of economy resources are allocated based on the way things have been done in the past
What is traditional economy
100
The result of all trade offs
What is opportunity cost
100
A fee for services rendered based on a percentage of an amount received or collected or agreed to be paid
What is commission
100
This actor refused to take his role in the Lord of the Rings trilogy until his son begged him to do it
Who is Viggo Mortensen
200
Janet Yellen is in charge of this institution, which is responsible for monetary policy.
What is The Federal Reserve Bank
200
This concept is at the core of economics, showing us that there is never enough of anything. (must get exact word)
What is scarcity
200
The point where supply and demand meet
What is equilibrium
200
This number tells you about the price of a company related to its earnings
What is the P/E ratio
200
The leading lady in Wall Street went to high school with this Emery building faculty member
Who is Tom Campbell
300
An economy officially experiences this after two consecutive quarters of negative GDP growth
What is recession
300
In The Wealth of Nations he offered his ideas on how capitalism benefits everyone.
Who is Adam Smith
300
This law states that as the price of an item falls, more people will buy that item
What is the law of demand
300
The current dividend divided by the current price =
What is dividend yield
300
In the film Wall Street, this airline was at the center of the plot
What is BlueStar
400
This component represents about -3% of GDP
What is net exports
400
The three letter abbreviation used to describe when a company first offers its stock for sale to the public
What is IPO
400
A market form in which a market or industry is dominated by a small number of sellers.
a) monopoly
b) oligopoly
c) micro-poly
d) duopoly
What is oligopoly
400
Standard and Poor's created this in the 1920's to track the performance of the NYSE
What is the S & P (500)
400
The top online retailer for the holiday season is Amazon. Who is #2?
What is Walmart
500
He offered the idea that governments should borrow in order to stimulate the economy
Who is Keynes
500
GDP leader by continent
What is Europe
500
The concept that measures relative sensitivity to price is:
a) price reaction index
b) elasticity
c) demand analysis matrix
d) consumption
What is elasticity
500
When it was founded in 1971, it was the world's largest fully electronic stock exchange.