welcome to jeopardy!! today’s review topic: _________________
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Welcome to Jeopardy!! Today’s Review Topic: _________________. Today’s Categories Are:. Foundations. Business. Money. Government. Ohh the Places You'll Go. JEOPARDY. Double Jeopardy. Unlimited Wants and Limited Resources. Click for Question. What is Scarcity?. Back to Jeopardy Board. - PowerPoint PPT PresentationTRANSCRIPT
Welcome to Welcome to Jeopardy!!Jeopardy!!Today’s Review
Topic: _________________
Today’s Categories
Are:
Foundations Business Money GovernmentOh The
Places You’ll Go
100 100 100 100 100
200 200 200 200 200
300 300 300 300 300
400 400 400 400 400
500 500 500 500 500Double Jeopardy
Unlimited Wants and Limited Resources
Click for Question
What is Scarcity?
Back to Jeopardy Board
The law of demand states as this goes up demand goes down
Click for Question
What is price?
Back to Jeopardy Board
The science of decisions
Click for Question
What is economics?
Back to Jeopardy Board
The 4 Basic Questions
Click for Question
What are what to produce how to
produce how much to produce and how to
distribute?
Back to Jeopardy Board
The point on a graph where supply meets
demand
Click for Question
What is the equilibrium point?
Back to Jeopardy Board
This type of business only has one owner?
Click for Question
What is a sole proprietorship?
Back to Jeopardy Board
These are the owners of a corporation.
Click for Question
Who are stockholders?
Back to Jeopardy Board
The 3 factors of production?
Click for Question
What are land, labor and capital?
Back to Jeopardy Board
The announcement when your company
goes public?
Click for Question
What is your tombstone?
Back to Jeopardy Board
Click Here For Question
This is why corporations don’t “die” when the entrpreneur
does.
Click for Question
What is unlimited life?
Back to Jeopardy Board
The name of American paper currency
Click for Question
What is the dollar?
Back to Jeopardy Board
The basic corporate motivator
Click for Question
What is profit?
Back to Jeopardy Board
The name of our national bank that prints
our money
Click for Question
What is the Federal Reserve?
Back to Jeopardy Board
When using money to purchase a good or
service it’s being used as this
Click for Question
What is a medium of exchange?
Back to Jeopardy Board
This is a term that covers nickles, dimes, quarters and schillings
Click for Question
What is specie?
Back to Jeopardy Board
The main source of government revenue
Click for Question
What are taxes?
Back to Jeopardy Board
This type of economic system has the
government answering all the questions
Click for Question
What is a command system?
Back to Jeopardy Board
The total accumulation of overspending by a
country
Click for Question
What is the national debt?
Back to Jeopardy Board
Our nation’s retirement program which is going
bankrupt
Click for Question
What is Social Security?
Back to Jeopardy Board
This type of income tax has the wealthier pay a
higher percentage of tax.
Click for Question
What is a progressive income tax?
Back to Jeopardy Board
The name of the Restaurant where the senior ball was held.
Click for Question
What is Christos?
Back to Jeopardy Board
This store is the nation’s leading
employer
Click for Question
What is Wal~Mart?
Back to Jeopardy Board
This is where you would need to go to watch
goods Wal~Mart sells get produced?
Click for Question
What is China?
Back to Jeopardy Board
You must go to this type of broker to get
legal advice regarding which stocks to trade
Click for Question
Who is a stock broker?
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You will see this type of spending if you get invited to appear on
MTV’s “Cribs”
Click for Question
What is conspicuous consumption?
Back to Jeopardy Board
Double Double JeopardyJeopardy
Click Here to Begin
The Double Jeopardy
Categories are:
Category 1 Category 2 Category 3 Category 4 Category 5
200 200 200 200 200
400 400 400 400 400
600 600 600 600 600
800 800 800 800 800
1000 1000 1000 1000 1000
Adam Smith said this was the key to
increasing production
Click for Question
What is specialization?
Back to Jeopardy Board
The invisible hand of Smith’s laissez- faire
theory is this
Click for Question
What is individual self interest?
Back to Jeopardy Board
In this type of system religion and ultimate fighting are seen as
opiates of the masses
Click for Question
What is communism?
Back to Jeopardy Board
He believed that population growth was growing faster than the
world could sustain
Click for Question
Who is Thomas Malthus?
Back to Jeopardy Board
According to David Ricardo’s Comparative
Advantage theory international trade
should be based on this?Click for Question
What is opportunity cost?
Back to Jeopardy Board
Keynes’s theory of government spending was used by FDR in order to solve of the
problems of this economic disaster
Click for Question
What is the Great Depression?
Back to Jeopardy Board
This government program that started in the 1960s was designed to create equal employment and
educational opportunities?
Click for Question
What is Affirmative Action?
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Many use this invisible barrier for advancement
to argue that we still need affirmative action.
Click for Question
What is the glass ceiling?
Back to Jeopardy Board
Click Here For Question
At this stage of Rostow’s theory on
stages of growth people are spending well
beyond their needs
Click for Question
What is the age of mass consumption?
Back to Jeopardy Board
The Monetarists believed the FED can
control the economy by controlling the money
supply and this
Click for Question
What are interest rates?
Back to Jeopardy Board
This animal is used to signify a growing stock
market
Click for Question
What is a bull?
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These people may want work but can’t find any
Click for Question
Who are the unemployed?
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The general rise in prices is often referred
to as this
Click for Question
What is inflation?
Back to Jeopardy Board
Overseas investments are calculated in this
but not the GDP
Click for Question
What is the Gross National Product?
Back to Jeopardy Board
When this type of stock is purchased it is a sign that investors are willing
to take risks
Click for Question
What is a penny stock?
Back to Jeopardy Board
This type of group is organized to defend the
rights of workers
Click for Question
What is a labor union?
Back to Jeopardy Board
A common goal for all industry wide unions
Click for Question
What is higher pay?
Back to Jeopardy Board
Management’s version of a work stoppage
Click for Question
What is a lock- out?
Back to Jeopardy Board
The advice from this third party negotiator is
legally binding?
Click for Question
Who is an arbitrator?
Back to Jeopardy Board
Click Here For Question
The name of the New Deal law, applauded by Samuel Gompers which protected the rights of unions to collectively
bargainClick for Question
What is the Wagner Act?
Back to Jeopardy Board
Use this easy plastic if you want to put your
credit rating in jeopardy
Click for Question
What is a credit card?
Back to Jeopardy Board
In this type of economic system only consumers
and producers make economic decisions
Click for Question
What is a free market system?
Back to Jeopardy Board
The type of demand where price does not
matter (Like Oil)
Click for Question
What is inelastic demand?
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For every $10 you want to spend on this, just give it to me and I will
give you $9. Trust me, you will be better off
Click for Question
What is the lottery?
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To avoid personal debt this must be greater than your spending?
Click for Question
What is income?- “Earn it before you spend it”
Ben Franklin
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