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Slide 1 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome BackgroundsCommunication! Econ Unit 2.

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1 Slide 1 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome BackgroundsCommunication! Econ Unit 2

2 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Communication Game Board Business Organization Sub or Comp. Determinants of Demand Determinants of Supply Vocab Final Challenge Final Challenge

3 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 1 for 100 Most limited life Sole Proprietorship

4 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 1 for 200 You only lose what you put in Limited partnership

5 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 1 for 300 Stock holders give start-up capital Corporation

6 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 1 for 400 Two people allow this type to recruit better talent. Partnership

7 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 1 for 500 If one partner declares bankruptcy, the bank can go after the other. Unlimited partnership

8 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 2 for 100 Charcoal and lighter fluid Compliment.

9 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 2 for 200 Butter and Oleo Substitute

10 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 2 for 300 Shoes and laces Comp.

11 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 2 for 400 Wii and Xbox Sub.

12 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 2 for 500 Firestone and Good Year Sub.

13 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 3 for 100 Dad no longer has a job. Chang in income

14 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 3 for 200 Leg warmers are making a comeback Change in taste

15 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 3 for 300 Because of budgets the Kroger brand is having a banner year. Substitutes

16 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 3 for 400 Buick is advertising in China and sales of the Le Saber have gone through the roof. Change in Market size, or number of consumers

17 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 3 for 500 Prior to the release of the iphone the sales of all other phones went down. Change in expectations

18 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 4 for 100 Digital music has ruined CD sales Change in technology

19 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 4 for 200 A rise in gas prices hurt many companies and changed the supply. Cost of inputs

20 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 4 for 300 Government is paying for the production of TV digital converters Subsidies

21 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 4 for 400 Workers are given a raise for every pair of shoes they produce Productivity

22 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 4 for 500 Banks hold millions of gallons of oil in anticipation of a conflict in the Middle East. Expectations

23 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 5 for 100 Maximum legal price Price Ceiling

24 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 5 for 200 Minimum Wage Price Floor

25 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 5 for 300 I buy only one instead of two sodas at lunch because of it. Diminishing marginal utility

26 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 5 for 400 The cost of producing one more of a product Marginal cost

27 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Category 5 for 500 What type of merger would GM and Toyota be? Horizontal

28 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsAwesome Backgrounds Game Board Game Board Reset Scores Final Challenge! List the determinants of demand Consumer Income, tastes, substitutes, complements expectations, number of consumers Write Your Final Challenge Wager


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