Presentation is loading. Please wait.

Presentation is loading. Please wait.

Economics Understandings To play the game, go to the next slide and click on an point value to go to a question. To go to final Wrap-Up click on Final.

Similar presentations


Presentation on theme: "Economics Understandings To play the game, go to the next slide and click on an point value to go to a question. To go to final Wrap-Up click on Final."— Presentation transcript:

1 Economics Understandings To play the game, go to the next slide and click on an point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up at the bottom of the main screen.

2 Types of Economies National Economies International Trade Capital Investments Vocabulary Trade Barriers

3 Team 1Team 2Team 3Team 4 Team 5 Wager board

4 What type of economy uses customs and habits of the past to make economic decisions?

5 Traditional Economy score board

6 In what type of economy do individuals or corporations make economic decisions?

7 Market Economy score board

8 What type of economy relies on planning groups to make basic economic decisions?

9 Command Economy score board

10 What type of economy does Cuba have?

11 Command Economy scoreboard

12 What type of economy does Mexico have?

13 Market Economy score board

14 In Cuba, who decides how goods and services will be produced?

15 The government score board

16 In Brazil, who decides the prices for goods and services?

17 Buyers and sellers based on supply and demand score board

18 In which Latin American country do individuals or corporations have the most difficulty starting private businesses?

19 Cuba score board

20 What type of businesses are owned by the government in Brazil?

21 Larger industries, e.g., steel score board

22 Why is there a problem protecting property rights in Brazil?

23 The country has a poor court system. score board

24 What type of trade barrier results in taxes on imports?

25 Tariff score board

26 What type of trade barrier results in limits placed on the number of imports that can enter a country?

27 Quota score board

28 What type of trade barrier involves a government order to stop trade with another country?

29 Embargo score board

30 What term refers to the voluntary exchange of goods and services?

31 Trade score board

32 Why did the United States put an embargo on Cuba?

33 To force the country to give up communism score board

34 What is the purpose of NAFTA?

35 To create a large free trade zone score board

36 What is the term for money that people use in a given country?

37 Currency score board

38 What is the currency of Mexico?

39 Peso score board

40 What is the currency of Brazil?

41 Real score board

42 Why do people exchange currency?

43 To buy and sell goods and services with foreign countries score board

44 What are two examples of human capital?

45 Education, skills, training score board

46 Why is it important for a country to invest in human capital?

47 Countries experience more economic growth when workers are well trained. score board

48 What are two examples of physical capital?

49 Factories, machines, technologies, buildings, property score board

50 What is the GDP (Gross Domestic Product)?

51 The total value of all the goods and services produced in a country in one year. score board

52 What happens when a company invests in technology?

53 It can produce more at a lower cost. score board

54 What term describes the difference between income and expenses?

55 Profit score board

56 What term is used to describe a production method in which each worker specializes in making one part of a product?

57 Division of labor score board

58 What is the name of a person who risks money and resources to start a business?

59 Entrepreneur score board

60 What term is used to describe costs that are related to a business?

61 Expenses score board

62 What term is used to describe a condition in which the supply of a product is limited?

63 Scarcity score board

64 Make your wager on the scoreboard scoreFinal Question

65 What are the three basic economic questions?

66 What goods and services will be produced? What goods and services will be produced? How will goods and services be produced? How will goods and services be produced? Who will consume the goods and services? Who will consume the goods and services? score board


Download ppt "Economics Understandings To play the game, go to the next slide and click on an point value to go to a question. To go to final Wrap-Up click on Final."

Similar presentations


Ads by Google