PROMINENT FIGURES
This "Oracle of Omaha" is known for his value investing approach and being the CEO of Berkshire Hathaway.
Warren Buffett
What was trade without money?
Barter system
The quantity of a good that sellers are willing to sell at a given price.
Supply
Economics of preserving cultural heritage.
Heritage economics
How to get quick cash from the items you don’t need?
Sell unused items
He was a key figure in developing the New Deal policies in the U.S. during the Great Depression, influenced by Keynesian economics.
Franklin D. Roosevelt
What era brought factory economies?
Industrial Revolution
The quantity of a good that buyers are willing to buy at a given price.
Demand
Funding sources for museums and monuments.
Public funding
Simple way to earn interest on savings.
Bank deposit
This American investor and philanthropist is a prominent figure in hedge funds and co-founder of the Quantum Fund.
George Soros
What ancient trade route connected East and West?
Silk Road
Limited resources forcing choices.
Scarcity
Economic impact of UNESCO tourism.
Tourist revenue
A small sum from a friend or family member.
Debt
He is the founder of monetarist economics and is known for his criticism of Keynesian policies.
Milton Friedman
What historically backed paper money?
Gold standard
The value of the next best alternative forgone.
Opportunity cost
Effects of heritage preservation.
Cultural externalities
Making money by doing tasks online.
Freelancing
A key architect of Russia’s transition to a market economy during the post-Soviet era, implementing controversial “shock therapy” reforms.
Yegor Gaidar
What economic theory favored exports?
Mercantilism
General rise in prices over time.
Inflation
Management of cultural artifact inventories.
Collection management
Earning with a few hours of work you do independently for any employer.
Gig economy earnings