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Final Jeopardy Economics Around the World Good Investing Employment 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 Government And the Economy $ and Trade Final Jeopardy $100 Question from Government and the Economy What government organization insures that our banks will not fail and that our money will be insured? $100 Answer from Government and the Economy The FDIC (Federal Deposit Insurance Corporation)! $200 Question from Government and the Economy What government funded program helps the poor with health insurance? $200 Answer from Government and the Economy Medicaid! (Medicare helps the elderly) $300 Question from Government and the Economy What is it called when the government funds a specific project that will only help a small section of people? $300 Answer from Government and the Economy A pork project! $400 Question from Government and the Economy What do state governments have (that the federal government does not) that limits their funding? $400 Answer from Government and the Economy A balanced budget amendment! $500 Question from Government and the Economy What is the total amount that the government has borrowed from investors for government spending? $500 Answer from Government and the Economy National Debt $100 Question from Good Investing The actual amount of $ that consumers are able to spend is called what? $100 Answer from Good Investing Disposable Personal Income $200 Question from Good Investing What regulation allows you to get information about sellers so that we can make good investments? $200 Answer from Good Investing Regulation Z! $300 Question from Good Investing What is a contract to repay borrowed $ at regular intervals called? $300 Answer from Good Investing A bond! $400 Question from Good Investing In what types of markets are prices low which can be good for investing? $400 Answer from Good Investing Bear Markets (when prices are high they are called bull markets)! $500 Question from Good Investing Besides staying with what you know and figuring out your level of risk, what should you also be to be a good investor? $500 Answer from Good Investing Be Consistent! $100 Question from $ and Employment What type of unemployment happens when the lifeguards close up the pools on Labor Day? $100 Answer from $ and Employment Seasonal $200 Question from $ and Employment Price indexes are used to calculate what that has a impact on the value of $? $200 Answer from $ and Employment Inflation $300 Question from $ and Employment What is currency that must be accepted in times of debt? $300 Answer from $ and Employment Legal Tender! $400 Question from $ and Employment What organization has the power to decrease/ lower the money supply by adjusting its reserve requirements? $400 Answer from $ and Employment The Fed! $500 Question from $ and Employment What is the period of decline after an economic peak called? $500 Answer from $ and Employment A Recession $100 Question from Trade Thanks to trade, the international poverty rate has increased – true or false? $100 Answer from Trade False! $200 Question from Trade What is it called when a country can produce more of a product than any other country? $200 Answer from Trade Absolute Advantage $300 Question from Trade What is the difference between what a country pays out to and then receives from other countries? $300 Answer from Trade Balance of Payment $400 Question from Trade What is a division of labor also known as? $400 Answer from Trade Specialization $500 Question from Trade Flexible exchange rates are established by what? $500 Answer from Trade Supply and Demand $100 Question from Economics Around the World What is the trade agreement that was organized to improve trade relations between the US, Canada, and Mexico? $100 Answer from Economics Around the World NAFTA! $200 Question from Economics Around the World What is a business that has many offices in many countries called? $200 Answer from Economics Around the World Multinationals $300 Question from Economics Around the World Many countries to help their economies have resorted to privatization – what is privatization? $300 Answer from Economics Around the World The conversion of state (government) factories to private ownership $400 Question from Economics Around the World What organization offers advice to all countries on monetary and fiscal policies? $400 Answer from Economics Around the World IMF (International Monetary Fund)! $500 Question from Economics Around the World What is a Japanese group of firms that regulate competition? $500 Answer from Economics Around the World Kiersetu Final Jeopardy Question The most important measure of a country’s overall economic development is measured by what? Final Jeopardy Answer Its GDP! (Gross Domestic Product)