Download Jeopardy

Directions to create Jeopardy Game
Open template
Save As (whatever title you choose)
File open
Type in categories by clicking on the text box
Use the scroll bar to scroll to the Question & Answer slides
Create a question to fit in each valued box for each category
Directions to play Jeopardy
Slide show--view show
Click mouse until Jeopardy music plays
Slowly click categories onto the screen
Wait until the music stops playing
Cave students select questions in a specific category and for a specific dollar amount
Click on the selected question
Click mouse again to view the answer
Click on the icon head in the bottom left hand corner to return to the main menu board
Economics
Final Exam Review
Very
Important
Stuff
for
Final
Q $100
Q $100
Q $100
Q $100
Q $100
Q $200
Q $200
Q $200
Q $200
Q $200
Q $300
Q $300
Q $300
Q $300
Q $300
Q $400
Q $400
Q $400
Q $400
Q $400
Q $500
Q $500
Q $500
Q $500
Q $500
Final Jeopardy
$100 Question from C1
Limited quantities of resources to
meet unlimited wants
$100 Answer from C1
Scarcity
*This is the most basic
problem in economics.
$200 Question from C1
Natural resources that are used to make
Goods and services. (one of the four
factors of production)
$200 Answer from C1
Land
$300 Question from C1
What is the formula used to calculate
Gross Domestic Product?
$300 Answer from C1
C + I + G + (X-M) = GDP
C= Consumption – Consumer spending
on good and services
I = Investment – Business spending
G = Government spending
X = Exports
M = Imports
$400 Question from C1
Calculate the GDP when
Consumer Goods =
1,000
Business Spending =
5,000
Government Spending = 3,000
Imports =
1,000
Exports =
1,500
$400 Answer from C1
GDP = 9,500
$500 Question from C1
The most desirable alternative
given up as the result of a
decision
$500 Answer from C1
Opportunity Cost
$100 Question from C2
The following chart shows the quantity of TV’s or
Computers that can be produced by each county if all of
its resources are devoted to that product.
Product
Country X
Country Y
Televisions
100
75
Computers
50
25
What is Country X’s opportunity cost for
each Television?
$100 Answer from C2
One half of a
computer
$200 Question from C2
The following chart shows the quantity of TV’s or
Computers that can be produced by each county if all of
its resources are devoted to that product.
Product
Country X
Country Y
Televisions
100
75
Computers
50
25
What is Country Y’s opportunity
cost of each computer?
$200 Answer from C2
3 Televisions
$300 Question from C2
Product
Country X
Country Y
Televisions
100
75
Computers
50
25
Which Country has the absolute
advantage in the production of
televisions and computers
$300 Answer from C2
Country X
$400 Question from C2
Product
Country X
Country Y
Televisions
100
75
Computers
50
25
Which country has the
comparative advantage in the
production of televisions?
$400 Answer from C2
Product
Country X
Country Y
Televisions
100
75
Computers
50
25
Country Y – they give up 1/3 of
A computer. Country X gives up ½
of a computer
$500 Question from C2
The person who assumes the risk
and uncertainties of owning a
business
$500 Answer from C2
Entrepreneur
$100 Question from C3
Direct payments of money to poor,
disabled, and retired people
$100 Answer from C3
Cash Transfer Payment –
(also known
as redistribution programs)
$200 Question from C3
What are the three basic economic
questions that every society has to
answer.
$200 Answer from C3
What to produce?
How to produce it?
For whom it is produced?
$300 Question from C3
The demand curve shows the
relationship between what two
variables?
$300 Answer from C3
Price and Quantity Demanded
$400 Question from C3
A tax that takes a higher
percentage of lower incomes
than higher incomes such as
the sales tax.
$400 Answer from C3
Regressive Tax
$500 Question from C3
The Federal government’s
use of taxation and spending
to influence the economy
$500 Answer from C3
Fiscal Policy
$100 Question from C4
When a country can produce more of a
particular product than another country
with the same amount of resources
$100 Answer from C4
Absolute Advantage
$200 Question from C4
A tax on imported goods
$200 Answer from C4
Tariff
$300 Question from C4
Where can foreign currencies
be converted?
.
$300 Answer from C4
Foreign Exchange Markets
$400 Question from C4
If an nation’s currency
becomes weak, will their
goods be more or less
expensive to other
countries?
$400 Answer from C4
Less Expensive – they will
probably export more goods
$500 Question from C4
What is NAFTA? (what three
countries are involved)
$500 Answer from C4
Trade agreement between the U.S.,
Canada and Mexico – lowered trade
Restrictions.
$100 Question from C5
If the “Fed” wants to increase economic
Growth do they use a tight or loose money
Policy?
$100 Answer from C5
Loose Money Policy
$200 Question from C5
In a command economic
system , who answers the
three basic economic
questions?
$200 Answer from C5
Government
$300 Question from C5
An investment that
pools the money of
many individuals to
buy stocks, bonds, or
other investment?
$300 Answer from C5
Mutual Fund
$400 Question from C5
In what type of a market
structure do a few large
firms dominate the
market?
$400 Answer from C5
Oligopoly
$500 Question from C5
The consumer is “sovereign” best
Describes which market system?
Socialism, capitalism, communism,
Marxism?
$500 Answer from C5
Capitalism
Final Jeopardy
What does it mean to think at the
margin? Give an example
Final Jeopardy Answer
Deciding whether or not to use
one additional unit of some
resource.