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Jeopardy Trade Terms Productive Resources Key Econ Terms Extras Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy Econ Part 1
$100 Government decides what you can make and how much you will sell it for.
$100 What is Command Economy?
$200 Free! Business owner decides what he/she will make and how much it will sell for
$200 What is Market Economy?
$300 All three economic systems; Traditional, Command & Market are known as…
$300 What is a Mixed Economy?
$400 system in which social roles and culture determines how goods are made, sold and bought
$400 What is a Traditional Economy?
$500 The U.K, Russia, Germany and the U.S all have this type of economy
$500 What is a Mixed Economy?
$100 Limit on the amount of something that may be imported during a period of time.
$100 What is a Quota ?
$200 Tax charged for goods or services brought into a state or country.
$200 What is Tariff?
$300 Gov’t. places restrictions of imports & exports of goods. Often backed by a military.
$300 Who is an Embargo?
$400 Gov’t. limits free trade between countries. Can also be a physical feature (ex. Mountains) or climate (ex. Hurricane)..
$400 What is a Trade Barrier?
$500 Exchange of goods and services between Countries around the world
$500 What is International Trade?
$100 Raw materials used to make goods
$100 What are Natural Resources?
$200 someone who brings together labor, land and capital goods to produce goods and services.
$200 What is an Entrepreneur?
$300 This is smart & skilled workers who are more productive
$300 What is Human Capital ?
$400 These are resources such as factories, machines, & tools people use to make goods
$400 What are Capital Goods?
$500 All of the following are questions a nation must answer to build an economy EXCEPT: 1 what to produce 2. who is going to produce it 3. how to produce 4. for whom to produce
$500 What is #2 Who is going to produce it?
$100 The percentage % of people who can read in a certain country.
$100 What is Literacy Rate?
$200 The price of a good rises and falls depending on how many people want it and how much is available.
$200 What is Supply and Demand?
$300 Total value of goods and services produced in a country during a period of time.
$300 What is Gross Domestic Product (GDP)?
$400 Conflict between what people want and what resources are available. (ex. We may all want a new I-phone six, but there isn’t enough metals available to make 35 of them)
$400 What is Scarcity?
$500 Using your income today in a way that invests in growth in the future.
$500 What is Investment?
$100 Money from different countries is bought and sold for a price.
$100 What is Currency Exchange?
$200 Increase in value of all goods and services a country makes from 1 year to another.
$200 What is Economic Growth?
$300 Goods traded or sold to other countries
$300 What are Exports ?
$400 Goods brought into country from another country.
$400 What are Imports?
$500 Being a member of the European Union provides all EXCEPT: 1. one common currency 2. more human capital for your country 3. more trade partners 4. more economic and financial stability
$500 What is more Human Capital For your country?
Final Jeopardy Private businesses are part of command economies? 1. TRUE 2. FALSE
Final Jeopardy Answer 2. FALSE
Trade and Economic Growth
European Economics Review. 1. What is a trade barrier? A. a way to limit trade with other countries B. a way to increase trade with other countries.
Economics Vocabulary The following slides contain vocabulary terms and definitions that you need to know when discussing Economics. Study each of the following.
SS6E5 The student will analyze different economic systems.
Economics Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up.
Economic Dictionary Economic system The way in which a nation uses its resources to satisfy people’s needs and wants. The way in which a nation uses.
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.
Europe Unit 3 Economics and Environmental Understandings.
Economies. Economics Supply of human skills, natural goods, and capital goods.
Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.
Economics SS6E1a, SS6E5a, SS6E8a: Compare how traditional, command, and market economies answer the economic questions of 1 – what to produce, 2- how to.
There are 4 different types of economic systems: 1. Market economic system (pg R32) - this is an economic system based on individual choices and voluntary.
200 pt 300 pt 400 pt 500 pt 100 pt 200 pt 300 pt 400 pt 500 pt 100 pt 200 pt 300 pt 400 pt 500 pt 100 pt 200 pt 300 pt 400 pt 500 pt 100 pt 200 pt 300.
Standards: ss6cg5b, ss6e5 a, b, c, ss6e6a, b, ss6e7a, b, c, d
European Economies SS6E5, SS6E6, & SS6E7.
Economic Overview. Economic Systems Economics –The study of how people manage their resources Produce and exchange goods and services.
Hosted by Mrs. Lockhart Factors of Production GDP Name that System Trade Vocab Wild Card 100.
Government and Economic Terms Review Test Tomorrow....Study!!!
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