Capitalism- EconMovies #10 Hunger Games

The video explores economic concepts in The Hunger Games, such as opportunity cost and specialization. It discusses comparative advantage through characters and districts, and critiques Panem's economy. The video examines capitalism, highlighting its benefits and drawbacks, including consumption and income inequality. It proposes using capitalism to create a fairer system with equal opportunities.

What economic concept is illustrated by Katniss choosing between Peeta and Gale?

• Comparative advantage

• Opportunity cost

• Supply and demand

• Specialization

Why is it more efficient for Katniss to hunt and Peeta to pick berries?

• Peeta is better at hunting

• Katniss is better at both tasks

• Katniss has a comparative advantage in hunting

• Peeta has a comparative advantage in hunting

Which district in Panem is known for agriculture?

• District 4

• District 2

• District 11

• District 12

What is a key characteristic of capitalism that is missing in Panem's economy?

• Resource scarcity

• High taxation

• Freedom of choice

• Government control

What is one major drawback of capitalism mentioned in the video?

• Lack of innovation

• Decreased competition

• Increased government intervention

• Overconsumption

What thought experiment does John Rawls propose?

• The Tragedy of the Commons

• The Invisible Hand

• The Veil of Ignorance

• The Prisoner's Dilemma

What is the ultimate goal suggested for capitalism in the video?

• To eliminate government control

• To increase consumption

• To create equal opportunities

• To maximize profits