Download presentation
Presentation is loading. Please wait.
1
Jeopardy Vocabulary Circular Flow/Money Economic Systems Demand Supply Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500
2
$100 Question from Vocabulary. A ______________ is a good/service that can replace another good/service.
3
$100 Answer from Vocabulary. Substitute
4
$200 Question from Vocabulary. A______________ is a good/service that is often bought with another good/service.
5
$200 Answer from Vocabulary. Compliment
6
$300 Question from Vocabulary. The ______________ _____ ______________ is an inverse relationship between the quantity demanded and price.
7
$300 Answer from Vocabulary. Law of Demand
8
$400 Question from Vocabulary. The ______________ ______ ______________ is a positive relationship between the quantity supplied and the price of the product.
9
$400 Answer from Vocabulary. Law of Supply
10
$500 Question from Vocabulary. Thi s is the total of all individual demands in a given market at a particular time.
11
$500 Answer from Vocabulary. Market Demand
12
$100 Question from Circular Flow/Money. The circular flow model leaves out government, the money that consumers earn and ______________.
13
$100 Answer from Circular Flow/Money. Investments
14
$200 Question from Circular Flow/Money. What can be used as money?
15
$200 Answer from Circular Flow/Money. Anything that can be given a “value”
16
$300 Question from Circular Flow/Money. What is the definition of “household?”
17
$300 Answer from Circular Flow/Money. People who participate in the economy and live in the U.S.
18
$400 Question from Circular Flow/Money. What do the inside arrows represent?
19
$400 Answer from Circular Flow/Money. Flow of money
20
$500 Question from Circular Flow/Money. What do the outside arrows represent?
21
$500 Answer from Circular Flow/Money. Flow of products
22
$100 Question from Economic Systems. This means that prices do not fluctuate significantly in short periods of time.
23
$100 Answer from Economic Systems. Price Stability
24
$200 Question from Economic Systems. This means fairness and impartiality in an economy.
25
$200 Answer from Economic Systems. Economic Equity
26
$300 Question from Economic Systems. Because we have _______________ _______________ we are able to make choices of our employment, use of our time, and our purchases.
27
$300 Answer from Economic Systems. Economic Freedom
28
$400 Question from Economic Systems. This is the increase in output in an economy during a given year.
29
$400 Answer from Economic Systems. Economic growth
30
$500 Question from Economic Systems. This economic concept means that the basic needs of every person should be met.
31
$500 Answer from Economic Systems. Economic Security
32
$100 Question from Demand. What is the market demand at $5.00?
33
$100 Answer from Demand. 20
34
$200 Question from Demand. What is the market demand at $7.00?
35
$200 Answer from Demand. 33
36
$300 Question from Demand. Which is an elastic demand graph? A B C D
37
$300 Answer from Demand. A
38
$400 Question from Demand. Which is a non-elastic demand graph? A B C D
39
$400 Answer from Demand. D
40
$500 Question from Demand. Does this show an increase or decrease in demand? D1 D2
41
$500 Answer from Demand. Increase
42
$100 Question from Supply. Which is an elastic supply graph? A B C D
43
$100 Answer from Supply. B
44
$200 Question from Supply. Which is a non-elastic supply graph? A B C D
45
$200 Answer from Supply. C
46
$300 Question from Supply. Does this show an increase or decrease in supply? S1 S2
47
$300 Answer from Supply. Increase
48
$400 Question Supply. Does this show an increase or decrease in supply? S1 S2
49
$400 Answer from Supply./ Decrease
50
$500 Question from Supply. This is the change in cost for each additional output.
51
$500 Answer from Supply. Marginal Cost
Similar presentations
