Common Knowledge
This country has the world’s largest GDP (2024).
United States
This measures a country’s total economic output.
GDP (Gross Domestic Product)
This index tracks the 500 largest U.S. companies.
S&P 500
This fast-food chain is famous for its golden arches and is led by CEO Chris Kempczinski.
McDonalds
When supply rises, prices tend to do this.
Decrease
The richest person in the world (2024).
Elon Musk (or current richest person in 2024)
The central bank of the U.S. is called this.
Federal Reserve
This term describes spreading investments to reduce risk.
Diversification
This electric car company is run by Elon Musk.
Tesla
A business owned by solely one person is a ______.
Sole proprietorship
The currency used by Germany.
Euro
This happens when prices rise rapidly (e.g., Venezuela).
Hyperinflation
This ratio measures a company’s debt to equity.
Debt-to-Equity Ratio
This tech CEO famously said, “Move fast and break things”
Mark Zuckerburg
A patent protects this type of property.
Intellectual property
This company became the first $3T market cap firm (2023).
Apple
This economist wrote The Wealth of Nations.
Adam Smith
This famous investor is called the “Oracle of Omaha.”
Warren Buffet
Before becoming Disney's CEO in 2020, he oversaw the company's theme parks and resorts division.
Bob Chapek
The 5 P's of marketing – Product, Price, Promotion, Place, and ___
People
The three countries in NAFTA (now USMCA).
United States, Canada, Mexico
The Phillips Curve shows the trade-off between these two.
Inflation and unemployment
This 2008 financial tool crashed the housing market.
Mortgage-backed securities (MBS)
This media mogul founded CNN and is known for his Turner Broadcasting empire.
Ted Turner
This term describes when a company hires an external firm to handle tasks like IT or customer service, often to cut costs.
Outsourcing