Template by Bill Arcuri, WCSD Click Once to Begin JEOPARDY! Introduction to Economics

Template by Bill Arcuri, WCSD JEOPARDY! Definition Sentence Completion Economic Systems Fill In Matches Odds/Ends

Template by Bill Arcuri, WCSD Daily Double Graphic and Sound Effect! DO NOT DELETE THIS SLIDE! Deleting it may cause the game links to work improperly. This slide is hidden during the game, and WILL not appear. In slide view mode, copy the above (red) graphic (click once to select; right click the border and choose “copy”). Locate the answer slide which you want to be the daily double Right-click and choose “paste”. If necessary, reposition the graphic so that it does not cover the answer text. Daily Double!!!

Template by Bill Arcuri, WCSD “These are limited” What are Resources?

Template by Bill Arcuri, WCSD “These are unlimited.” What are Wants & Needs?

Template by Bill Arcuri, WCSD What are decisions? “A process is needed to make these.”

Template by Bill Arcuri, WCSD “What’s the proper order for the definition of economics?” 1. A, B, C; 2. B, A, C; 3. C, A, B; 4. C, B, A; 5. A, C, B;6. B, C, A A. Using Limited resources B. A process of making decisions C. to satisfy unlimited wants & needs What is # 6?

Template by Bill Arcuri, WCSD “Land, Labor, or Capital.” What are Economic Resources?

Template by Bill Arcuri, WCSD “An economic system in which the government lets the market place answer the three basic questions” What is a Command or Communist Economy?

Template by Bill Arcuri, WCSD An economic opportunity that allows businesses to make excessive profits? What is a Monopoly?

Template by Bill Arcuri, WCSD “The money a business brings in after costs & expenses are paid and serves as a motivating force in Free Enterprise” What is Profit?

Template by Bill Arcuri, WCSD “This economic system would be considered a hybrid” What is Socialism?

Template by Bill Arcuri, WCSD “Another word for tangible products that you can touch or feel & have monetary value” What are goods?

Template by Bill Arcuri, WCSD “Another name for Capitalism” What is Free Enterprise?

Template by Bill Arcuri, WCSD “Another name for a Planned Economy“ What is a Command or Communist Economy?

Template by Bill Arcuri, WCSD “In this economic system, the most efficient method will be used to produce all goods What is Free Enterprise or Capitalism?

Template by Bill Arcuri, WCSD In this economic system, the consumers are said to: “Vote With Their Dollars.” What is Free Enterprise or Capitalism?

Template by Bill Arcuri, WCSD In this economic system, all products are provided to people who need them the most. What is Communism or Command Economies?

Template by Bill Arcuri, WCSD Every time we ______ products or services, we are engaging in an economic activity? What is purchase or buy?

Template by Bill Arcuri, WCSD It is important to study economics because it is an _________ part of everyone’s life. Basic, important, or critical, ?

Template by Bill Arcuri, WCSD What are monies, incomes, or resources? For most people, ________ are limited.

Template by Bill Arcuri, WCSD When we exchange something of monetary _________ to get something else we want, we are engaging in economics What is bartering, worth, or value? Daily Double!!!

Template by Bill Arcuri, WCSD Economics can be described as a process of getting the ________ for the least. What is most?

Template by Bill Arcuri, WCSD This system allows for a great deal of competition for every product or service What is Capitalism or Market Economy?

Template by Bill Arcuri, WCSD This system attempts to take the best from both Capitalism and Communism. What is Socialism?

Template by Bill Arcuri, WCSD In this system, the government only owns the major means of production. What is Socialism?

Template by Bill Arcuri, WCSD In this system, a lot of social services are available and there is no such thing as profit. What is Communism, Planned, or Command Economy?

Template by Bill Arcuri, WCSD In this system, its members enjoy very limited government control of the economy. What is Free Enterprise or Capitalism?

Template by Bill Arcuri, WCSD In this system, you can own any type of business you want. What is Free Enterprise or Capitalism ?

Template by Bill Arcuri, WCSD The wasting of economic resources is a frequent criticism of this economic system. What is Free Enterprise or Capitalism ?

Template by Bill Arcuri, WCSD Being guaranteed a job is a feature of this economic system. What is Communism, Planned, or Command Economy?

Template by Bill Arcuri, WCSD These intangibles can’t be touched or felt, but have economic value What are services?

Template by Bill Arcuri, WCSD A term that describes a situation where people’s desire for a product exceeds the ability of businesses to supply the product or service. What is scarcity?