The Ultimate Economics Trivia

S&H Green stamps were originally founded for the company Merchants Supply Co.

Unilever was formed by the merger of the Dutch company Margarine Unie with Lever Brothers. This merger created a multinational consumer goods company that is known for its wide range of products including food, beverages, cleaning agents, and personal care products. Unilever has a global presence and is one of the largest companies in the world in terms of revenue.

RJR Nabisco is the correct answer because it is the company that produces A1 Steak Sauce. Both RJR Nabisco and A1 Steak Sauce are well-known brands in the food industry. Kraft, Nestle, and Hershey are also notable companies in the food industry, but they are not the producers of A1 Steak Sauce.

Ross Perot said of NAFTA "you're going to hear a giant sucking sound of jobs being pulled out of this country". This statement is often attributed to Perot during his 1992 presidential campaign, where he strongly opposed the North American Free Trade Agreement (NAFTA). Perot argued that NAFTA would lead to a loss of American jobs as companies moved their operations to Mexico due to lower labor costs. This quote became one of Perot's most famous and memorable lines, highlighting his concerns about the potential negative impact of free trade agreements on the American workforce.

In 2001, Electronic Data Systems (EDS) obtained 14% of its business from General Motors. This suggests that General Motors was a significant client for EDS during that year, contributing a substantial portion of their overall business.

In the 1800s, Paul Julius Reuter sent stock quotes between Aachen and Brussels using carrier pigeons. Carrier pigeons were commonly used during this time to deliver messages over long distances. These pigeons were trained to fly from one location to another, carrying small capsules with messages attached to their legs. This method allowed for relatively quick and efficient communication between the two cities without the need for more traditional means such as horseback, bicycles, or runners.

Citigroup is headquartered in New York. This is because New York City is considered the financial capital of the United States and is home to many major financial institutions. Citigroup, being one of the largest banking and financial services corporations in the world, has chosen to establish its headquarters in New York to be in close proximity to other key players in the industry and to take advantage of the city's robust financial infrastructure.

The correct answer is $20 Billion. The question asks for the annual revenue of Coca-Cola in 2001. Since the given options include different revenue amounts, we need to select the one that matches the revenue for that year. In this case, the option of $20 Billion aligns with the question and is therefore the correct answer.

Calvin Klein's Obsession is a fragrance product, therefore, if someone wanted a nice fragrance, they would likely buy this product.

Lindsay Owen-Jones is the CEO of L'Oreal. This is evident from the fact that L'Oreal purchased Maybelline in 1996, which implies that Lindsay Owen-Jones, as the CEO of L'Oreal, was responsible for the acquisition. Therefore, the correct answer is L'Oreal.

In 1897, a researcher synthesized acetylsalicylic acid, which became the world's favorite painkiller. The company responsible for this breakthrough was Bayer Ag.

General Motors spent the most money on advertising by the end of 2001. This indicates that General Motors allocated a significant portion of its budget towards advertising campaigns during that year.

Dow Jones is the correct answer because they are the publisher of Barron's magazine. Barron's is a financial magazine that provides in-depth analysis and insights on various topics such as stocks, investments, and market trends. Dow Jones, a subsidiary of News Corp, is a leading provider of financial news and information, and they publish Barron's along with other well-known publications like The Wall Street Journal.

The North America Free Trade Agreement (NAFTA) took effect in 1994. NAFTA is a trade agreement between the United States, Canada, and Mexico, aimed at eliminating barriers to trade and promoting economic cooperation between the three countries. It was signed in 1992 and implemented on January 1, 1994.

Bill Clinton was the U.S. President when the General Agreement on Tariffs and Trade (GATT) was formally signed. GATT was signed on April 15, 1994, during the Uruguay Round of negotiations. Clinton played a significant role in the negotiations and the ultimate signing of the agreement. Under his administration, the GATT was transformed into the World Trade Organization (WTO), which further expanded international trade and established a more comprehensive framework for global trade rules.