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Intro to Business Jeopardy!!!!
Chapter 1Chapter 2Chapter 3Chapter 4Hodgepodge 100 200 300 400 500 Right Side of Room CenterLeft Side of Room Final Jeopardy
Question: Chapter 1 100 Points Things that are required to live
Answer: Chapter 1 100 Points What are Needs
Question: Chapter 1 200 Points Things available to be used to produce goods and services.
Answer: Chapter 1 200 Points What are Economic resources
Question: Chapter 1 300 Points Not having enough resources to satisfy every need
Answer: Chapter 1 300 Points What is Scarcity
Question: Chapter 1 400 Points Resources are owned and controlled by the government
Answer: Chapter 1 400 Points What is a Command Economy
Question: Chapter 1 500 Points What will move & which way
Answer: Chapter 1 500 Points What is Supply and To the Left
Question: Chapter 2 100 Points Total dollar value of all final goods and services produced in a country during one year is called
Answer: Chapter 2 100 Points What is Gross Domestic Product (GDP)
Question: Chapter 2 200 Points An increase in the general level of prices or weakening of the dollar
Answer: Chapter 2 200 Points What is Inflation
Question: Chapter 2 300 Points People over 16 that are looking for work but cannot find any
Answer: Chapter 2 300 Points What is The unemployment rate
Question: Chapter 2 400 Points Total amount of money the government owes
Answer: Chapter 2 400 Points What is The national debt
Question: Chapter 2 500 Points A period in the business cycle marked by a long period of high unemployment, weak consumer sales, and business failures
Answer: Chapter 2 500 Points What is Depression
Question: Chapter 3 100 Points Items bought from other countries
Answer: Chapter 3 100 Points What is an Import
Question: Chapter 3 200 Points Name two of the three things that affect the exchange rate
Answer: Chapter 3 200 Points What is 1.Balance of payments 2.Economic conditions 3.Political stability
Question: Chapter 3 300 Points Tax government puts on imports
Answer: Chapter 3 300 Points What is a Tariff
Question: Chapter 3 400 Points Company that operates in multiple nations
Answer: Chapter 3 400 Points What is a Multinational Corporation
Question: Chapter 3 500 Points Exists when a country specializes in the production of a good or service at which it is relatively more efficient
Answer: Chapter 3 500 Points What is a Comparative Advantage
Question: Chapter 4 100 Points A set of rules guiding the actions of employees is called
Answer: Chapter 4 100 Points What is Code of ethics
Question: Chapter 4 200 Points Duty of a business to contribute to the well-being of a community
Answer: Chapter 4 200 Points What is Social responsibility
Question: Chapter 4 300 Points Government agency that oversees workplace safety
Answer: Chapter 4 300 Points What is OSHA or Occupational Safety Health Administration
Question: Chapter 4 400 Points Philanthropy is also known as
Answer: Chapter 4 400 Points What is Charity
Question: Chapter 4 500 Points List two benefits for a business to operate ethically.
Answer: Chapter 4 500 Points More repeat customers, more new customers, no fines, less employee turnover, better business image, society acceptance
Question: Hodgepodge 100 Points A tree is an example of what type of resource
Answer: Hodgepodge 100 Points What is a Natural Resource
Question: Hodgepodge 200 Points We fill three roles in society. Which one do we fulfill when we buy and use products
Answer: Hodgepodge 200 Points What is Consumer
Question: Hodgepodge 300 Points What is the item you give up for another item known as
Answer: Hodgepodge 300 Points What is the Opportunity Cost
Question: Hodgepodge 400 Points It takes you 2 hours to a do math worksheet and 6 hours to do English homework. What is the opportunity cost of doing your English.
Answer: Hodgepodge 400 Points What is 3 Math worksheets
Question: Hodgepodge 500 Points What are the 6 steps to the decision making process.
Answer: Hodgepodge 500 Points What are 1. Define the problem 2. ID the choices 3. Evaluate the advantage and disadvantages 4. Choose the best 5. Act on your choice Review your decision
Final Jeopardy – Make your Wager
Final Jeopardy Question List and explain three of the economic indicators
Final Jeopardy Answer What is 1.Unemployment rate 2.Consumer spending / saving 3.Inflation / deflation 4.Interest rate
Intro to Business Final Jeopardy!!!! The final is 120 points Mixture of Matching, Mini Matching, and Short Answer.
Test 1, 2, 3, 4 Review. Chapter 1 Want vs. Need Good vs. Service Natural Resources –Oil, minerals, rivers, lakes Human Resources –The people producing.
Introduction to Business © Thomson South-Western ChapterChapter Economic Activity Measuring Economic Activity Economic Conditions Change.
Chapter 2 Economic Activity. Objectives Describe Gross Domestic Product Describe Gross Domestic Product Identify and describe economic measures of labor.
LESSON 1.1 MARKET ECONOMIES
Economic Decisions & Systems Chapter 1. Satisfying Needs & Wants Needs- things that are required in order to live. Can also include: education, safety,
Intro to Business Final Jeopardy!!!!
Chapter 3 Key Terms. Gross Domestic Product (GDP) The total value of the goods and services produced in a country in a given year.
Intro Ch. 2 Economic Activity. Ch. 2-1 Measuring Economic Activity GDP- Gross Domestic Product- The total dollar value of all goods and services produced.
Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Measuring Economic Activity Economic Conditions Change 2-3.
Choose a category. You will be given the answer. You must give the correct question. Click to begin.
CHAPTER 2 Economic Activity. MEASURING ECONOMIC ACTIVITY Economic growth is the steady increase in the production of goods and services in an economic.
Economic Activity in a Changing World Chapter 3 pp
© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 2 SLIDE Measuring Economic Activity Economic Conditions.
© SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS LESSON2-1 GOALS Describe the basic economic problem. List the steps of the decision-making process. ECONOMICS.
1.02 – Analyze economic indicators and how they affect the business cycle.
Introduction to Business Mrs. A. Measuring Economic Activity Economic indicators Economic indicators – important data or statistics that measure economic.
Chapter 2 Economic Activity Lessons: Economic Activity Economic Conditions Investing & Borrowing EQ: How do we measure the state of the economy?
Economics. Economic Basics Vocabulary: Economics: Study of how people meet their wants and needs Scarcity: Having a limited quantity of resources to meet.
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