89877 Intermediate Trivia Questions

Intermediate Intermediate difficulty.
Fast Food Industry Franchises

In what year did Five Guys begin franchising its restaurants?

Answer

2003

Intermediate Intermediate difficulty.
Taxes And Taxation

What was the main direct land tax paid by peasants and commoners in pre-Revolutionary France called?

Answer

Taille

Intermediate Intermediate difficulty.
Taxes And Taxation

Which British law of 1764 imposed new duties on sugar and molasses imported into the American colonies?

Answer

Sugar Act

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Taxes And Taxation

Which consumption tax was first introduced in France in 1954 by tax official Maurice Lauré?

Answer

Value-added tax

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Taxes And Taxation

Which U.S. tax on goods such as alcohol and tobacco is collected from producers or sellers rather than usually listed separately to shoppers?

Answer

Excise tax

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Taxes And Taxation

Which country became the first to introduce a national carbon tax in 1990?

Answer

Finland

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Taxes And Taxation

Which economist gave his name to a proposed tax on international currency transactions?

Answer

James Tobin

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Taxes And Taxation

Which economist gave his name to a tax on activities that create harmful side effects, such as pollution?

Answer

Arthur Pigou

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Taxes And Taxation

Which 1944 international agreement created the IMF and World Bank and established a framework for postwar monetary cooperation?

Answer

Bretton Woods Agreement

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Supply And Demand

In economics, what is a market called when many firms sell differentiated products but entry is relatively easy?

Answer

Monopolistic competition

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Supply And Demand

In economics, what type of demand curve is horizontal at a market price?

Answer

Perfectly elastic demand

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Supply And Demand

In economics, what is a market called when one firm's output becomes another firm's input?

Answer

Intermediate goods market

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Supply And Demand

In economics, what elasticity equals one when quantity changes by the same percentage as price?

Answer

Unit elasticity

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Supply And Demand

In oligopoly theory, what curve shows a firm's demand when rivals match price cuts but ignore price increases?

Answer

Kinked demand curve

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Supply And Demand

In economics, what term describes the extra value a buyer receives when paying less than their maximum willingness to pay?

Answer

Consumer surplus

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Supply And Demand

In economics, what shape does the demand curve for a perfectly inelastic good have?

Answer

Vertical

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Supply And Demand

In economics, what term describes the loss of total economic welfare when a market produces too little or too much?

Answer

Deadweight loss

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Supply And Demand

What 1890 economics book by Alfred Marshall popularized the familiar supply-and-demand diagram?

Answer

Principles of Economics

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Supply And Demand

In economics, what curve shows how a consumer’s demand for a good changes as income changes?

Answer

Engel curve

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Supply And Demand

What economics term describes a product that becomes more desirable because its high price signals status?

Answer

Veblen good

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Car Manufacturers

Which luxury-car brand introduced the Lexus LS in 1989 as its flagship sedan?

Answer

Lexus

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Car Manufacturers

Which automaker produced the Saab 900, sold from 1978 to 1998 in classic and new-generation forms?

Answer

Saab

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Car Manufacturers

Which company built the DeLorean DMC-12, the stainless-steel sports car launched in 1981?

Answer

DeLorean Motor Company

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Car Manufacturers

Which automaker introduced the Countach in 1974, popularizing the sharply angled wedge-shaped supercar design?

Answer

Lamborghini

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Car Manufacturers

Which manufacturer produced the McLaren F1 road car, launched in 1992 with a central driving seat?

Answer

McLaren

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Car Manufacturers

Which automaker introduced the Citroën DS at the 1955 Paris Motor Show?

Answer

Citroën

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Car Manufacturers

Which manufacturer built the Volvo 240, whose production ran from 1974 to 1993?

Answer

Volvo

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Car Manufacturers

Which automaker created the Porsche 911, first introduced in 1963 as the 901?

Answer

Porsche

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Inflation And Recession

What economic rule links a recession’s rise in unemployment to a fall in real GDP?

Answer

Okun's law

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Inflation And Recession

Which country experienced the 2008 financial crisis known as the Icelandic financial crisis?

Answer

Iceland

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Inflation And Recession

In the United States, what annual CPI inflation rate was reported for June 2022?

Answer

9.1%

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Inflation And Recession

Which country introduced the first modern inflation-targeting regime in 1990?

Answer

New Zealand

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Inflation And Recession

What was the name of the U.S. economic policy package that combined tax cuts and spending cuts under President Ronald Reagan?

Answer

Reaganomics

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Inflation And Recession

Which economist coined the term “secular stagnation” in a 1938 speech about prolonged economic weakness?

Answer

Alvin Hansen

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Inflation And Recession

Which economist proposed the curve linking unemployment and wage inflation in a 1958 study of the United Kingdom?

Answer

A. W. Phillips

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Business Terminology

In business management, what principle says roughly 80% of results often come from 20% of causes?

Answer

Pareto principle

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Business Terminology

In corporate finance, what is a new share offering made first to existing shareholders called?

Answer

Rights issue

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Business Terminology

In entrepreneurship, what term describes a company funded and owned by its founders without outside equity investment?

Answer

Bootstrapped company

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Business Terminology

In business contracts, what term describes an agreement in which one party promises to compensate another for specified losses?

Answer

Indemnity

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Business Terminology

In marketing, what term describes the percentage of a market’s total sales generated by one company?

Answer

Market share

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Business Terminology

In business strategy, what term describes a company selling a product below cost to drive competitors out of a market?

Answer

Predatory pricing

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Business Terminology

In production economics, what cost advantage comes from increasing output so average cost falls?

Answer

Economies of scale

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Business Terminology

In mergers and acquisitions, what takeover attempt proceeds without the target company board’s approval?

Answer

Hostile takeover

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Business Terminology

In corporate finance, what cash remains after a company pays for capital expenditures?

Answer

Free cash flow

Intermediate Intermediate difficulty.
Nike Inc

What was the official finishing time of Nike’s 2017 Breaking2 marathon attempt?

Answer

2:00:25

Intermediate Intermediate difficulty.
Nike Inc

Who invented the waffle sole that influenced Nike’s early running shoes?

Answer

Bill Bowerman

Intermediate Intermediate difficulty.
Nike Inc

How much did Nike pay Carolyn Davidson for the original Swoosh logo?

Answer

$35

Intermediate Intermediate difficulty.
Nike Inc

What was Nike’s original corporate name before it became Nike, Inc.?

Answer

Blue Ribbon Sports

Intermediate Intermediate difficulty.
Nike Inc

In what year did Nike launch Jordan Brand as a separate brand division?

Answer

1997

Intermediate Intermediate difficulty.
Nike Inc

Who designed Nike’s original Swoosh logo in 1971?

Answer

Carolyn Davidson