Show:
Micro #1
Micro #2
Macro #1
Macro #2
Movies
100
The state of having a short supply of a certain good or service. 

Scarce/Scarcity 

100

The action of giving up one thing for another. 

Trade-off

100

Economic system where traditions, customs, and beliefs help shape the goods and services produced.

Traditional Economy

100

Term for a trade that helps both sides. 

Mutually Beneficial Exchange

100

Where did Mike and Sully work?

Monster's Incorporated 

200

How much consumers are willing to pay at a various price.

Demand

200

The value of what you are giving up in a trade-off.

Opportunity Cost

200

An economic system where two forces, known as supply and demand, direct the production of goods and services.

Market Economy

200

When an individual or country can produce the most of a certain product they have the...

Absolute Advantage


200

What Disney Movie did the NFL recently team up with to broadcast one of their games?

Toy Story

300

How much producers are willing to make at various prices.

Supply

300
If you chose to stay home today instead of coming to class, what would the opportunity cost be?

Valuable review time

300

In the business cycle, what is a period of economic growth known as?

Expansion

300

When an individual or country can produce the most of a product at the lowest opportunity cost they have the...

Comparative Advantage

300

Which factor of production would The Once-ler be in the Lorax?

Entrepreneur 

400

Situation where supply and demand are balanced. 

Equilibrium 

400

Name the three types of businesses we covered in this class. 

- Sole Proprietorship 

- Partnership 

- Corporation 

400

In the business cycle, what is a period of economic contraction known as?

Recession

400

Policy made by the Federal Reserve to help with interest rates, amount of printed money, etc. 

Monetary Policy 

400

What does Ariel call a fork in the Little Mermaid?

Dinglehopper 

500

Indicated by a change in price on a demand curve. 

Quantity Demanded 

500

What does the term LLC stand for and what does it mean?

Limited Liability Company.

The company is held liable for any debts or legal issues, not the individuals running the business. 

500

Please list the 4 Market Indicators that we discussed in this unit:

- GDP

- Standard/Cost of Living

- Unemployment Rate

- CPI

500

Policy made by Congress or the President dealing government spending or taxes. 

Fiscal Policy 

500

Who is the main character in Surf's Up!

Cody Maverick