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