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Economics Economic Systems Trade Barriers Misc. Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy Economic Growth Terms
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$100 Question Economic Systems This economic system has its three main economic questions answered by customs and beliefs
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$100 Answer Economic Systems What is a Traditional Economy?
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$200 Question Economic Systems An economic system where the government makes all of the economic decisions
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$200 Answer Economic Systems What is a command economy?
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$300 Question Economic Systems Economic system that is centered on the concept of free enterprise
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$300 Answer Economic Systems What is a market economy?
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$400 Question Economic Systems An economic system that combines free enterprise with governmental involvement in certain industries
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$400 Answer Economic Systems What is a mixed economy?
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$500 Question Economic Systems The majority of countries in Europe have this type of economy
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$500 Answer Economic Systems What is a Mixed Economy ?
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$100 Question Trade Barriers Anything that hinders or prevents free trade from taking place
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$100 Answer Trade Barriers What is a trade barrier?
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$200 Question Trade Barriers These are goods that are purchased outside of the country
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$200 Answer Trade Barriers What are imports?
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$300 Question Trade Barriers These are goods sold outside of the country
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$300 Answer Trade Barriers What are exports?
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$400 Question Trade Barriers These are the three types of trade barriers
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$400 Answer Trade Barriers What are cultural, physical, and economic trade barriers?
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$500 Question Trade Barriers These are the three types of economic trade barriers
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$500 Answer Trade Barriers What are an embargo, tariff, and quota?
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$100 Question Economic Growth Someone who starts their own business, invents something new, or improves an existing idea
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$100 Answer Economic Growth What is an entrepreneur?
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$200 Question Economic Growth All the goods that are produced in an economy, then used to produce other goods and services
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$200 Answer Economic Growth What are capital goods?
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$300 Question Economic Growth The total amount of goods or services that are produced in a country for one year
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$300 Answer Economic Growth What is Gross Domestic Product (GDP)?
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$400 Question Economic Growth All the skills, talents, abilities, and education that human workers posses
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$400 Answer Economic Growth What is human capital?
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$500 Question Economic Growth The study of the making, buying, and selling of goods and services
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$500 Answer Economic Growth What is Economics?
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$100 Question Terms Term for exchanging goods and services without the use of money
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$100 Answer Terms What does barter mean?
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$200 Question Terms Term that is used to describe competition between companies
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$200 Answer from H4 What is free enterprise?
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$300 Question Terms An economic trade barrier where one country refuses to trade with another country for political reasons
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$300 Answer Terms What is an embargo?
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$400 Question Terms These materials are found in nature and are valuable to people
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$400 Answer Terms What are natural resources?
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$500 Question Terms A term used to describe a limit on the amount of a certain good that can be imported
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$500 Answer Terms What is a quota?
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$100 Question Miscellaneous Communist countries such as China and Cuba usually have this type of economy
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$100 Answer Miscellaneous What is a command economy?
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$200 Question Miscellaneous This is a kind of work that is performed for others
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$200 Answer Miscellaneous What is a service?
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$300 Question Miscellaneous Amount of something that is available for use
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$300 Answer Miscelleaneous What is a supply?
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$400 Question Miscellaneous How much of a product or servive is desired by buyers
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$400 Answer Miscellaneous What is a demand?
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$500 Question Miscellaneous A limited supply of something
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$500 Answer Miscellaneous What is Scarcity?
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Final Question Jennifer went to the mall to buy a new outfit. She had enough money for either a Forever 21 pair of jeans or a really pretty necklace from The Limited. She decided to buy the necklace because then she could wear it to the dance party tonight. What is the pair of jeans in this scenario?
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Final Question Answer Opportunity Cost
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