Economic Principles
Subtle intervention designed to influence people's choices in a predictable way, without forbidding options or significantly changing incentives.
What is a nudge
Required SCOTUS case deals with the establishment of a national bank
What is McCulloch v. Maryland
When a store charges 10 cents for a plastic bag, it’s using this kind of small push to encourage people to bring their own bags
What is a nudge?
45 & 47
What is the number of Trump's presidency
The only junior on MUN leadership
What is Lucia
A cognitive bias where individuals tend to prioritize immediate rewards or gratification over larger, delayed rewards or long-term benefits
What is present bias?
Name of the central bank of the United States
What is the Federal Reserve
$997 billion
What is the U.S. monetary expenditure on the military
34
What is the number of convictions that Trump has?
The subject that Ezra and Lucia use to relate to politics for this presentation
What is economics?
Making a choice that involves giving up one thing (a potential benefit or alternative) in order to gain something else
What is a tradeoff
Congressional committee writes and proposes the House version of the president’s federal budget
What is the House Budget Committee
Putting healthy foods like fruit at eye level in a school cafeteria
What is choice architecture?
In court, people can use this amendment to avoid answering questions that might get them in legal trouble, which Trump did in one of his cases.
What is the fifth amendment?
Shaw v. Reno & Citizens United v. FEC
What were the two SCOTUS cases Ezra and Lucia debated in the final?
Occurs when an activity imposes a cost on a third party who is not directly involved in the production or consumption of that activity
What is a negative externality
When the government spends more money than it has
What is Budget deficit
This type of “sin tax” on sugary drinks, recently proposed in California, is an example of a behavioral nudge aiming to reduce public health costs
What is a soda tax?
Trump's Executive Order aiming to shut down Voice of America and sister broadcasts is in violation of this amendment
What is the First Amendment?
Ezra's preferred mode of transportation
What is a scooter?
A state where no player can improve their payoff by unilaterally changing their strategy, assuming that other players' strategies remain the same
What is the Nash equilibrium
Tax benefits/exemptions when they specifically benefit one corporation or individual
What are tax expenditures
The realm of economics that is most concerned with the balance of sustainability and efficiency
This Executive Order was issued by President Trump and denies birthright to persons born from a mother who was unlawfully in the United States
What is Executive Order (EO) 14160
Unicorn
What is Ms. G's affectionate term for Ezra