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Double Jeopardy Q $200 Q $400 Q $600 Q $800 Q $1000 Q $200 Q $400 Q $600 Q $800 Q $1000 Taxes Intro to Economics The Six Pillars Demand & Supply Money & Banking
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$200 Question from Taxes. An excise tax can also be called a luxury or __________ tax.
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$200 Answer from Taxes. Sin/Hidden Tax
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$400 Question from Taxes. Social insurance taxes such as Social Security and Medicare are taken directly out of paychecks. Because of this they are often called __________ taxes.
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$400 Answer from Taxes. Payroll Taxes
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$600 Question from Taxes. This tax regulates or discourages activities that Congress deems dangerous.
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$600 Answer from Taxes. Nonrevenue Tax
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$800 Question from Taxes. This is laid on the manufacture, sale, or consumption of a good/or a performance of a service.
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$800 Answer from Taxes. Excise Tax
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$1000 Question from Taxes. This is also called a “payroll tax” because it is taken directly out of paychecks at a flat rate.
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$1000 Answer from Taxes. Social Insurance Tax
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$200 Question from Intro to Economics.
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$200 Answer from Intro to Economics. Into Production
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$400 Question from Intro to Economics.
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$400 Answer from Intro to Economics. Resulting in a Good/Service
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$600 Question from Intro to Economics.
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$600 Answer from Intro to Economics. Distribution
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$800 Question from Intro to Economics.
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$800 Answer from Intro to Economics. Factors of Production (Land, Labor, Capital)
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$1000 Question from Intro to Economics.
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$1000 Answer from Intro to Economics. Goods Made Available for Consumption
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$200 Question from The Six Pillars. This pillar means that a business will compete with others in the market.
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$200 Answer from The Six Pillars. Market Competition.
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$400 Question from The Six Pillars. I am going to college to become a teacher. When I sell my labor my _______________ will be in Social Studies education. (what pillar goes along with this idea)
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$400 Answer from The Six Pillars. Specialization
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$600 Question from The Six Pillars. Arby’s and Wendy’s engage in _______________ ______________ because they both specialize in fast food.
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$600 Answer from The Six Pillars. Market Competition
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$800 Question from The Six Pillars. A business sells cupcakes. They will make a profit selling their treats at $2 but customers are willing to pay $3.50 per cupcake. To determine what price they should sell their product the business must consider this pillar of free enterprise
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$800 Answer from The Six Pillars. The Price System
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$1000 Question from The Six Pillars. A barber shop must buy their scissors/grooming tools from a retailer. They are engaging in _______________ _______________.
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$1000 Answer from The Six Pillars. Voluntary Exchange
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$200 Question from Demand & Supply. Which is a non-elastic supply graph? A B C D
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$200 Answer from Demand & Supply. C
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$400 Question from Demand & Supply. The _______________ _____ _______________ is an inverse relationship between the quantity demanded and price.
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$400 Answer from Demand & Supply. Law of Demand
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$600 Question from Demand & Supply. The _______________ _____ _______________ is a positive relationship between the quantity supplied and the price of the product.
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$600 Answer from Demand & Supply. Law of Supply
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$800 Question from Demand & Supply. Does this show an increase or decrease in supply? S1 S2
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$800 Answer from Demand & Supply. Increase
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$1000 Question from Demand & Supply. Does this show an increase or decrease in demand? D1 D2
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$1000 Answer from Demand. Increase
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$200 Question from Money & Banking.
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$200 Answer from Money & Banking. Peak
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$400 Question from Money & Banking.
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$400 Answer from Money & Banking. Recovery
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$600 Question from Money & Banking.
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$600 Answer from Money & Banking. Recession
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$800 Question Money & Banking.
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$800 Answer from Money & Banking. Trough
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$1000 Question from Money & Banking.
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$1000 Answer from Money & Banking. Growth Trend
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