Author: Anamika Shah

The Economics of Harry Potter

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Questions 10
Criteria 60% to pass
Difficulty Hard
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1. “…It’s impossible to make good food out of nothing!” The preceding quote implies that:

2. Spells are analogous to technology in the muggle world because both help create a better life by using scarce resources with alternative uses.

3. The opportunity cost of being sorted into Gryffindor for Harry Potter is that:

4. Hermione uses a time turner to travel in time to take every class. The strain of the attending all the classes exhaust her. Hence, Hermione faces:

5. In the 1st book, Ron has 500 collectable cards. He's disappointed to get a card featuring Morgana & offers it to Harry: This shows

6. The Weasleys have a very small amount of gold and silver in their vault as compared to Harry’s inheritance from his parents, thus showing:

7. The presence of specific departments, like the Misuse of Muggle Artifacts Office, Improper Use of Magic Office etc, in the Ministry of Magic, signals:

8. The Ministry of Magic, which employs a large proportion of the wizarding population, co-exists with commercial hubs like Diagon Alley. This reveals:

9. When the Gringotts Wizarding Bank facilitates the exchange of muggle money for wizarding money, it is carrying out:

10. The following extract is from Harry Potter and the Order of the Phoenix: Fred Weasley [to Harry Potter]: "... you gave [Weasleys' Wizard Wheezes its]

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