The basic form of economy, it has long-established ways that are unlikely to change.
What is a Traditional Economy?
100
This organization uses the averages of the 30 leading American companies to compare the combined value of their stock.
What is the Dow Jones?
100
The current Governor of Michigan?
Who is Rick Snyder?
100
The system that allows both a national and a state government to have authority at the same time.
What is Federalism?
200
Of the three factors of production, land, labor and capital, the one that refers to tools and machines used to make goods and products.
What is Capital?
200
The type of economy used in countries where the government controls all decisions.
What is a Command Economy?
200
This stock market compares the day-to-day value of key technology companies.
What is the NASDAQ index?
200
Debbie Stabenow and Gary Peters.
Who are Michigan's U.S. senators?
200
The first 10 Amendments to the US Constitution.
What is the Bill of Rights?
300
This means how much a product or resource is wanted by consumers at any given price.
What is Demand?
300
A system in which individuals make all decisions and choices about production, distribution and consumption of goods and products.
What is a Market Economy?
300
This company also compares value of stocks but uses hundreds more than 30 companies in order to get what it considers a more accurate accounting.
What is the Standard & Poors 500 (or S&P 500)?
300
The youngest legal age for voting.
What is 18 years old?
300
He was short, but brilliant, and wrote the US Constitution.
Who was James Madison?
400
This means how much a product or resource is available to consumers at any given price.
What is Supply?
400
A system, such as we have in the United States in which government has a small role, but the decisions are still mostly made by individuals.
What is a Mixed Economy?
400
The term to describe what companies give their shareholders when a stock increases in value.
What is a Dividend?
400
One of the two most common methods to reduce your taxable income.
What is donating to charities or putting money in a retirement account?
400
One of the authors of The Federalist Papers and the first Secretary of the US Treasury, he was later killed in a pistol duel by former Vice President Aaron Burr.
Who was Alexander Hamilton?
500
This does not refer to how rare a product is, but the relationship between what is wanted and the resources available to meet that want.
What is Scarcity?
500
Another name for Free Enterprise. This is also the economic system that is the total opposite used in communist countries.
What is Capitalism?
500
Return on Investment
What is the term to describe the money earned (or lost) compared to an original amount invested in a stock or business.
500
25 years old, 2 years
30 years old, 6 years
35 years old, 4 years
What is youngest age and term of office for a Representative, Senator and President?
500
535 and 270
What is the number of members of Congress (Representatives plus Senators) and the number of electoral college votes needed to win the US Presidential election.