St.Anne's
Halloween
Unit 2
Supply and Demand
Economist-Big Ideas
100

Name the Principal and VP before our current Admin

Chris Grace and Andrea Leroux

100

Out of all the holidays, where does Halloween rank in terms of customer sales?

2nd- Behind Christmas

100

What is Marginal Utility

100

When Supply =Demand, we call this?

Equilibrium Price or Point

100

Called, "Keynesian Economics" this economist believed that government intervention could save a country from widespread unemployment. 

John Maynard Keynes

200

The number of credits needed to graduate High School?

30

200

Is a pumpkin a fruit or vegetable?

Fruit

200

What is a subsidy

200

Name two factors that effect Demand Elasticity

- Fraction of income

- Need vs want

- Availability of Substitutes 

-Amount of time available


200

The creator/recognizer of Absolute and Comparative Advantage 

David Ricardo

300

The Year Mr.Dietrich was born in?

1984

300

What is the number one city for trick or treating in Canada?

Toronto

300

What's a floor Price?

300

What is the formula to calculate Demand Elasticity?

% Change in Quantity Demanded/ % Change in Price

300

This Economist believed in and created, "The Labour Theory of Value."

Karl Marx

400

The number of schools in HPCDSB

18

400

What’s the mega-popular Halloween candy that was named after a horse?

Snickers

400

What does a co efficient of demand under 1 represent?

400

What does the acronym TIPED stand for?

400

Founder of Capitalism

Adam Smith

500

The spelling of our Principals last name

R O X B U R G H

500

what country did Halloween originate

Ireland and Scotland

500

The name for it when one company can out produce another company in BOTH the products that plan to manufacture. 

Absolute Advantage

500

Name the term when an item is sold together to help another good.  Eg. Gas for automobiles

Compliment Good

500

This Economist states that free markets will resolved their own economic problems if they are left alone and NOT have government intervention. 

Milton Freidman