Economics Jaguar’dy

Economics Jaguar’dy

Vocab More Vocab

True or False

Misc Resources

100

200

300

400

500

100 100100 100

200 200 200 200

300 300 300 300

400 400 400 400

500 500 500 500

Final Jeopardy

100 pt. Question from Category 1

Items that people make and use

100 pt. Answer from Category 1

goods

200 pt. Question from Category 1

Things people do for others

200 pt. Answer from Category 1

services

300 pt. Question from Category 1

Amount of a product that is available

300 pt. Answer from Category 1

supply

400 pt. Question from Category 1

Setting money aside each week or each pay period

for wanted items, retirement or emergencies

400 pt. Answer from Category 1

Savings account

500 pt. Question from Category 1

Economic system of the U.S. in which people can trade with each other at any time or in any way

they both agree

500 pt. Answer from Category 1

Free market economy

100 pt. Question from Category 2

A plan for how much money will be spent on each type of item that a

person must buy

100 pt. Answer from Category 2

budget

200 pt. Question from Category 2

Payments earned by households for selling or renting their productive

resources

200 pt. Answer from Category 2

income

300 pt. Question from Category 2

Funds raised by the government through taxing and borrowing

300 pt. Answer from Category 2

Government revenue

400 pt. Question from Category 2

Provides goods and services for what

consumers want or need at a price consumers will

pay

400 pt. Answer from Category 2

Private business

500 pt. Question from Category 2

Spend their income for goods and services. They also sell their resources

to businesses (like labor).

500 pt. Answer from Category 2

households

100 pt. Question from Category 3

Opportunity cost is what must be given up in

order to get something else.

100 pt. Answer from Category 3

true

200 pt. Question from Category 3

Imports are products sold from the U.S. to other

countries.

200 pt. Answer from Category 3

False Exports are products sold

from (EXIT) the U.S. to other countries.

300 pt. Question from Category 3

Producers are people who use up goods

300 pt. Answer from Category 3

False They are people who

make goods.

400 pt. Question from Category 3

Private businesses drive the U.S. economy.

400 pt. Answer from Category 3

true

500 pt. Question from Category 3

Businesses charge less money for things when

the supply is limited and the demand is high.

500 pt. Answer from Category 3

FalseBusinesses usually charge

more for things when supply is limited and the

demand is high.

                

100 pt. Question from Category 4

Goods and services provided by the

government

100 pt. Answer from Category 4

Government spending

200 pt. Question from Category 4

Good that one country sells to another country

200 pt. Answer from Category 4

exports

300 pt. Question from Category 4

Industry involved with conducting financial

transactions

300 pt. Answer from Category 4

banking

400 pt. Question from Category 4

The amount of money people pay for buying a

good or service

400 pt. Answer from Category 4

price

500 pt. Question from Category 4

Four main sectors of the U.S. economy

500 pt. Answer from Category 4

HouseholdsPrivate businesses

BanksGovernment

100 pt. Question from Category 5

_________ resources are the people that work to produce goods or to

provide services

100 pt. Answer from Category 5

Human Resources

200 pt. Question from Category 5

Money or other things used to make goods or perform services are ________ resources.

200 pt. Answer from Category 5

Capital Resources

300 pt. Question from Category 5

Which of the following is a human resource?

TreesLumberLogger

Chainsaw

300 pt. Answer from Category 5

LoggerA worker who cuts trees

(logs) is a human resource.

400 pt. Question from Category 5

Which of the following is a natural resource?

TreesLumber

ChainsawLogger

400 pt. Answer from Category 5

Trees

500 pt. Question from Category 5

Which of the following are capital resources?

TreesLumberLogger

Chainsaw

500 pt. Answer from Category 5

LumberChainsaw

Why did the U.S. sign a trade agreement with the two other countries in North America?

FINAL JAGUAR’DY

FINAL JAGUAR’DY ANSWER

Trade agreements or eliminated taxes on

goods bought and sold between countries. This

is done to increase business between

countries.