30 Questions

1. What does Yabut mean?
2. What is more important, intentions or consequences?
3. The price was 50 SR last year and 80 SR this year. What is the percentage change?
4. The price was 120 SR last year and 90 SR this year. What is the percentage change?
5. What is opportunity cost?
6. What is globalization?
7. What is Comparative Advantage?
8. When you compare reality to utopia, who loses?
9. Do you have to be better at doing something in order to have a comparative advantage?
10. What is sunk cost?
11. What three things do economists think about regarding global economic growth?
12.  Name three things that are necessary for a market system to start working.
13. What three things do economists believe are true for most people most of the time?
14. Is economics a soft science or a hard science?
15. What does optimize mean?
16. If you change a person’s incentives, what else usually changes?
17. What is more important, your goals or your incentives?
18. What is wealth?
19. What is containerization?
20. Where is the iPhone made?
21. According to Angus Maddison, when did the world start getting wealthy?
22. Does Prince Alwaleed face any economic problems? 
23. Economics is the study of what?
24. What is protectionism?
25. We live in a world of _______ wants and ________ resources.
26. How can you predict someone’s behavior?
27. How can you lift a person out of poverty?
28. If A = 10 + 5B, then what is A when B is 5?
29. If D = 5 + 3Q and S = 25 - 2Q, at what Q does D = S?
30. According to the Cost-Benefit Principle, when should I stop doing something?