Loaded Questions 4/26/23 - Business/Economics
Can you cover me?
Some business questions for everyone. Question 11 was inspired by a question a friend of mine asked me, and now I’m passing it on to you. You very well might get it, but it stumped me then, and so now I’m crystalizing it elsewhere. Enjoy!
1. What 2012 book by economists Daron Acemoglu and James Robinson follows discusses extractive and inclusive institutions?
2. What macroeconomic theory hypothesizes that economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade?
3. Peugeot, Citreon, DS, Opel, Vauxhall, and soon Fiat Chrysler are all automobiles made by what French multinational manufacturer brand?
4. Originally, what did the letters in the company AFLAC stand for?
5. What two rental car companies are in the conglomerate that trades on the NASDAQ as CAR?
6. Named for two Congressman, what act also known as the Banking Act of 1933 created the FDIC and separated commercial banks and security firms?
7. What type of object names the type of mortgage which does not fully amortize over the term of the note, which leaves a balance due at maturity? The final payment is a large payment, which gives the mortgage its name.
8. Who served as CEO of British Petroleum from 2007 to 2010, being replaced by Bob Dudley following the events of Deepwater Horizon? Remember that guy?
9. As compared to a put option, what is the option to buy the underlying stock at a predetermined price (the strike price) by a predetermined date (the expiry)?
10. Issued in 2009, what is the US national minimum wage?
11. What legal term is used to describe unpaid debts, specifically part of a debt that is overdue after missing one or more required payments? If you are late in paying your debts, you can be described as being “in” this.
ANSWERS BELOW
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ANSWERS
1. What 2012 book by economists Daron Acemoglu and James Robinson follows discusses extractive and inclusive institutions?
Why Nations Fall
2. What macroeconomic theory hypothesizes that economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade?
Supply-side economics
3. Peugeot, Citreon, DS, Opel, Vauxhall, and soon Fiat Chrysler are all automobiles made by what French multinational manufacturer brand?
Group PSA
4. Originally, what did the letters in the company AFLAC stand for?
American Family Life Assurance Company
5. What two rental car companies are in the conglomerate that trades on the NASDAQ as CAR?
Avis, Budget
6. Named for two Congressman, what act also known as the Banking Act of 1933 created the FDIC and separated commercial banks and security firms?
Glass-Steagall Act
7. What type of object names the type of mortgage which does not fully amortize over the term of the note, which leaves a balance due at maturity? The final payment is a large payment, which gives the mortgage its name.
Balloon payment mortgage
8. Who served as CEO of British Petroleum from 2007 to 2010, being replaced by Bob Dudley following the events of Deepwater Horizon?
Tony Hayward
9. As compared to a put option, what is the option to buy the underlying stock at a predetermined price (the strike price) by a predetermined date (the expiry)?
Call option
10. Issued in 2009, what is the US national minimum wage?
$7.25
11. What legal term is used to describe unpaid debts, specifically part of a debt that is overdue after missing one or more required payments? If you are late in paying your debts, you can be described as being “in” this.
Arrears