Taxes
Economic Terms
Since We've Been Gone (2025 in Review)
Miscellaneous
Our Economy
100
What is the sales tax rate in Las Vegas? (be within .1%)
8.38%
100
What is a surplus?
When you have too much of something (supply) compared to what people want (demand)
100
Who performed at the Super Bowl in 2025?
Kendrick Lamar
100
What is an asset?
Anything you own that can provide future benefit (cash, stocks, bonds, real estate, vehicles, etc)
100
What form of economy do we have in the United States? (this was on the Civics Exam)
Free Market Economy
200
What is the income tax rate in Nevada?
0%
We're one of two states that doesn't have any
200
What is scarcity?
When you don't have enough of something (supply) compared to what people want (demand)
200
What Netflix original movie featured the song "Golden"?
KPop Demon Hunters
200
What does it mean when you "endorse" a check?
You sign the back of it
200
Where is Wall Street located?
*Bonus* - what do they do there?
New York
Location for the New York Stock Exchange and New York Federal Reserve
300
What day are your federal tax returns due by?
April 15
300
What is opportunity cost?
The value of what you give up when you make a choice
300
What's up with Venezuela?
On January 3rd at 2 am, the United States bombed Caracas and extracted/abducted the president of Venezuela (Nicolas Maduro), who is currently being held prisoner in the US
300
What percent of your income do financial experts recommend you invest in your retirement? (be within 5%)
At least 10-15%
300
What does Gross Domestic Product (GDP) measure?
The value of the final goods and services produced in a country
400
What do you need to pay property taxes on?
The value of the home(s) or land you own
400
What does a Lorenz Curve measure?
Economic disparity (how much money the rich have compared to how much the poor have)
400
Name a song nominated for song of the year at the Grammys 2026
Anxiety (Doechii), Manchild (Sabrina Carpenter), DtMF (Bad Bunny), WILDFLOWER (Billie Eilish), Abracadabra (Lady Gaga), luther (Kendrick Lamar), The Subway (Chappell Roan), and APT. (ROSE/Bruno Mars)
400
Who is the most recent celebrity to scam their fans with a cryptocurrency?
Haliey Welch (the Hawk Tuah Girl)
[no that's not a typo, her parents can't spell]
400
What does the Consumer Price Index (CPI) measure?
The increase in the cost of goods and services compared to past years
If CPI increases, cost of living increases
500
What do you call the extra taxes on unhealthy things, energy products, vehicles, and "luxury" goods?
Excise taxes
500
Describe the Prisoner's Dilemma
When two people have an independent choice and act in their own best interest, they might not make the best choice because they're afraid of what the other person will decide.
500
What cities was the National Guard deployed to?
(just name one)
LA, DC, Memphis, Chicago, New Orleans, Charlotte, Minneapolis, (also planned to go to Portland and San Francisco)
500
What happens when you file for Chapter 7 or Chapter 13 Bankruptcy?
7 - The court appoints someone to sell off your assets
13 - The court gives you 3-5 years to pay off your debts
500
What effect do tariffs have on the GDP? Which group of people do they have the biggest effect on?
Large-scale tariffs have decreased our GDP since the 1920s. This mostly affects the poor.