Loaded Questions 5/30/22 - Business/Economics
Here's my two cents!
This Monday edition is available to all Loaded Question readers. Be sure to subscribe to unlock 55 more questions every week! Got a big week ahead, and this Saturday is the WQC. I’m taking the quiz officially for the first time, albeit on a Zoom proctored quiz (because from my Columbia, SC home the nearest in-person event is in Washington DC). Looking forward to taking it, and I know I’ll have more to say later this week. I want to shore up a couple more categories before then, so look out for some opera on Thursday and some sports on Friday (both will be free to all subscribers!). If you’d like to bone up on some categories and browse some of the 1650 questions already asked, subscribe today and enjoy the browsing!
1. The ouguiya, the only currency beginning with O, is the official currency of what country?
Side note: I'm pretty sure I’ve made the only good currency quiz online. Enjoy this Currencies of the World quiz on Sporcle.
2. What Chicago school economist authored "The Problem of Social Cost" and is the namesake of a theorem about the resolution of externalities?
3. The economic concept of where no individual can be better off without making another worse off is the namesake "efficiency" of what Italian economist, who also observed that a majority of events are caused by a small number of causes in his "80/20" rule?
4. The G70 and G80 are cars made by what luxury car division owned by Hyundai?
5. India is the largest receiver of what type of transfer of money, when a foreign worker sends money back to the home country?
6. What adjective, also in the name of a Fortune 500 company, describes a policy that places a very high value on reducing the likelihood of a disastrous outcome, even if this is costly in terms of other objectives foregone?
7. Now having other images, what is an agreement between two or more firms in the same industry trying to cooperate in fixing prices and/or carving up the market and restricting the amount of output they produce?
8. Normal goods are goods where demand increases as consumers have more to spend. What name is given to goods that are less in demand as consumers get richer?
9. In 1985, the US, Japan, West Germany, France and the UK met in what hotel to sign an accord that depreciated the US dollar in relation to the Japanese yen and German deutschmark?
10. What economic/development strategy bloc was created in 1989 in Grenada?
11. What French fashion brand whose name comes from a spelling of Moses's wife can members become "Beauty Insider"?
ANSWERS BELOW
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ANSWERS
1. The ouguiya, the only currency beginning with O, is the official currency of what country? Mauritania
2. What Chicago school economist authored "The Problem of Social Cost" and is the namesake of a theorem about the resolution of externalities? Ronald Coase
3. The economic concept of where no individual can be better off without making another worse off is the namesake "efficiency" of what Italian economist, who also observed that a majority of events are caused by a small number of causes in his "80/20" rule? Vilfredo Pareto
4. The G70 and G80 are cars made by what luxury car division owned by Hyundai? Genesis
5. India is the largest receiver of what type of transfer of money, when a foreign worker sends money back to the home country? Remittance
6. What adjective, also in the name of a Fortune 500 company, describes a policy that places a very high value on reducing the likelihood of a disastrous outcome, even if this is costly in terms of other objectives foregone? Prudential
7. Now having other images, what is an agreement between two or more firms in the same industry trying to cooperate in fixing prices and/or carving up the market and restricting the amount of output they produce? Cartel
8. Normal goods are goods where demand increases as consumers have more to spend. What name is given to goods that are less in demand as consumers get richer? Inferior goods
9. In 1985, the US, Japan, West Germany, France and the UK met in what hotel to sign an accord that depreciated the US dollar in relation to the Japanese yen and German deutschmark? Plaza Hotel
10. What economic/development strategy bloc was created in 1989 in Grenada? CARICOM (for Caribbean Community)
11. What French fashion brand whose name comes from a spelling of Moses's wife can members become "Beauty Insider"? Sephora