Random Trivia
.5 written as a percentage.
What is 50%?
True or False. Business must adapt to economic conditions
What is True?
Define Supply
What is a quantity businesses are willing to produce?
A country with a command economy.
What is Cuba, North Korea, Soviet Union, etc. Any place with a dictatorship.
Number of floors school has
What is 3?
What kind of fish is Nemo in finding Nemo.
What is clownfish?
Choosing one option means giving up another
What is Opportunity Cost?
Define scarcity.
What is limited resources vs unlimited wants. What is something that is rare.
The three types of economies talked about in class.
What is market, mixed, and command?
Principal of the school.
Who is Mr.Allen?
U.S purchase doubled the country's size in 1803.
What is the Louisiana Purchase?
Strong Marketing can boost the overall _____________.
What is economy?
This occurs when the quantity supplied exceeds the quantity demanded.
What is a surplus?
This occurs when the quantity demanded exceeds the quantity supplied.
What is a shortage?
Name the 4 assistant principals
Who is Reedy, Davis, Folk, Campbell?
Which continent has the most countries.
What is Africa?
Competition drives _____________.
What is innovation?
The rivalry between companies selling similar products and services, competing to attract customers with limited dollars to spend is known as which of the following?
What is competition?
A momentary state or condition where the quantity of a product supplied equals the quantity demanded for the same product is known as which of the following?
What is equalilbrium?
Latest player to get drafted into the NFL that graduated from here
Who is Jordan Watkins?
Capital of Ireland
What is Dublin?
What happens to prices when demand goes up?
What is the price goes up?
Is the degree to which the demand for a product changes based on changes in the price of the product
What is Price elasticity?
an economic theory that, assuming a free and efficient market, explains the interaction between the buyers and sellers of an item, and how price motivates supply and demand
What is the Law of Supply and Demand?
Last time football won state
What is 1979?