2. Welcome to the Jeopardy Game Template This presentation was saved in template format so that you can customize it for student use. To use this template, click on Slide View or Normal View and follow the steps in the Notes section below each slide for editing. Slide 1 has been hidden and will not appear when you view Slide Show. This Template was created by Cassandra Smith of the MCPS – eLearning Staff Development Team http://www.mcps-elearning.us Last Updated: November 11, 2003

4. Don’t Forget... Contestants

5. …Always phrase your answers in the form of a question!

6. Hands on your buzzers, its...

7. 500 100 200 300 100 300 200 300 200 100 200 500 300 200 100 400 Nerdstick Waterhead Hazzard County Afflicted Your Mama

8. What is…? Nerdstick for $100 Two ways buyers affect price

9. Demand and willingness to pay Back to Game

10. Two side effects of a natural disaster on cotton crops. What are…? Nerdstick for $200

11. Back to Game Price goes up and quantity supply

12. What are…? Nerdstick for $300 Goods used in place of other products

13. Back to Game …substitute goods

14. What is…? Nerdstick for $400 Desire, ability and willingness to buy a product

15. Good Answer! Back to Game demand

16. What is…? Nerdstick for $500 Libby would rather have a double whopper than the big mac due to…

17. Back to Game Consumer taste

18. What is…? Waterhead for $100 One of the biggest disadvantages of Sammy opening his own archery range.

19. Back to Game Unlimited liability

20. What is…? Waterheads for $200 The market for labor would be part of a ______ market.

21. Back to Game Factor market

22. What is…? Waterheads for $300 Small increase In price leads to a large change in qd.

23. Back to Game Price elasticity

24. What is…? Waterheads for $400 Business type commonly associated with doctors and lawyers.

25. Back to Game Partnership

26. What is…? Waterheads $500 Reginald freely and willingly purchases a mail order bride form a Russian based company on the net.

27. Back to Game Voluntary exchange

28. What is…? Your Mama for $100 If the demand moves left, then supply does this.

29. Back to Game decrease

30. What is…? Your Mama for $200 The U.S. does not have a pure market economy, but rather this.

31. Back to Game Mixed economy

32. What is…? Your Mamafor $300 Suppliers will offer more at higher prices as long as there is sufficient demand.

33. Back to Game The law of supply and demand

34. What is…? Your Mama for $400 The point where quantity supplied equals the quantity demanded

35. Back to Game Equilibrium price

36. What is…? Your Mama for $500 The use of this provides an efficient means of economic exchange

37. Back to Game Money

38. What is…? Hazzard County for $100 An industry that is dominated by a few large firms

39. Back to Game Oligopolistic competition

40. What are…? Hazzard County for $200 I own my own restaurant but have to sell burgers because the corporate office says I have to. I lack these

41. Back to Game Franchise rights

42. What is…? Hazzard County for $300 In this type of competition, there is a large number of buyers and sellers with similar products

43. Back to Game Perfect competition

44. Hazzard County for $400 New cancer medication would probably have a very low this What is …?

45. Back to Game Price elasticity

46. Hazzard County for $500 The type of competition in which firms can make greater than normal profits for short periods of time What is…?

47. Back to Game Monopolistic competition

48. What is…? Afflicted for $100 Probably the biggest motivator for business in a market economy

49. Back to Game profit

50. What are…? Afflicted for $200 These are things corporations sell to generate money for their company.

51. Back to Game Shares, stocks or bonds

52. What is…? Afflicted for $300 If the price of concert tickets goes down, this will increase dramatically

53. Back to Game …demand

54. What is…? Afflicted for $400 Cole invests $15,000 in Reebok. If Reebok goes into debt and experiences bankruptcy, he will only lose $15,000 because of this

55. Back to Game Limited liability

56. What is…? Afflicted for $500 If De- don’t and thousands of others like her get fired for sleeping on the job, this will be the effect on equilibrium price and quantity supplied of dum- dum pops.

57. Back to Game Price will increase and quantity will decline

58. This is the most common type of variable cost a business owner could incur. Final Jeopardy