Blank Jeopardy

1
Basic Economics
Economic Indicators
Money
Budgeting
Misc
1 pt
1 pt
1pt
1 pt
1pt
2 pt
2 pt
2pt
2pt
2 pt
3 pt
3 pt
3 pt
3 pt
3 pt
4 pt
4 pt
4pt
4 pt
4pt
5pt
5 pt
5 pt
5 pt
5 pt
2
What is the basic problem of economics?Pricing
ScarcityConsumer behaviorGovernment policies
3
What is the basic problem of economics?
Scarcity
4
What goods and services should be produced, how
they should be produced, and who should share in
what I s produced are three basic questions
addressed byMarket economiesCommand
economiesMixed economiesAll economies
5
What goods and services should be produced, how
they should be produced, and who should share in
what I s produced are three basic questions
addressed by All economies
6
The value of the next best alternative that has
to be given up for the action that is chosen is
theFactor of productionTrade-off.Opportunity
costProductivity
7
The value of the next best alternative that has
to be given up for the action that is chosen is
the Opportunity cost
8
Which of the following is a function of
money?Interest-bearing instrumentCheckable
depositsMedium of exchangeStability of value
9
Which of the following is a function of money?
Medium of exchange
10
What are the FOUR Factors of production?
11
What are the FOUR Factors of production?land,
labor, capital, and entrepreneurship
12
High unemployment is usually a sign that a. The
economy is getting betterb. Government spending
is on the increasec. Purchasing has slowedd.
Government has increased the money supply
13
High unemployment is usually a sign that c.
Purchasing has slowed
14
Economists use economic indicators toa.
determine national income and real GDP.B.
explain the depreciation of capital goods.C.
decrease government regulation in many
industries.d. assess the economy and predict its
future course.
15
Economists use economic indicators tod.
assess the economy and predict its future course.
16
The total dollar value of all the nations final
goods and services produced over the course of a
year is calleda.net exportsb.national income
accountingc.disposable personal income
(DPI)d.gross domestic product (GDP)
17
The total dollar value of all the nations final
goods and services produced over the course of a
year is calledgross domestic product (GDP)
18
What happens when inflation occurs?
19
What happens when inflation occurs? The
purchasing power of the dollar decreases
20
The part of the business cycle in which the
economy starts to slow down is called a
21
The part of the business cycle in which the
economy starts to slow down is called
a Contraction
22
The Dow Jones Industrial Average isA mutual
fundAnother name for the SP 500Traded
over-the-counterA stock market index
23
The Dow Jones Industrial Average is A stock
market index
24
The Federal Reserve System was established toa.
ensure a safe and uniform currency.b. regulate
thrift institutions.c. establish a gold
standard.d. control the amount of money in
circulation.
25
The Federal Reserve System was established toa.
ensure a safe and uniform currency.
26
An APR of 16 means you paya.16 per year on
every 100 you oweb. 16 per year on every 1000
you owec. 16 per month on every 100 you owed.
A 16 annual fee
27
An APR of 16 means you paya.16 per year on
every 100 you owe
28
Compared to a stock, a bond provides aa. higher
dividend.B. higher level of risk.C. lower
dividend.d. lower level of risk.
29
Compared to a stock, a bond provides a d.
lower level of risk.
30
To what agency must you file your taxes?a.
Federal Reserve b. Supreme Courtc. Internal
Revenue Service d. Federal Deposit Insurance
Corporation
31
To what agency must you file your taxes? c.
Internal Revenue Service
32
Expenses that fluctuate (change each month)
areFixed expenses Variable expensesRegular
expensesWithholding
33
Expenses that fluctuate (change each month)
areVariable expenses
34
What do you have to pay when you borrow
funds?Principal plus collateral Principal plus
interest The amount you borrowedTwice the
amount of the loan
35
What do you have to pay when you borrow funds?
Principal plus interest
36
Give an example of a fixed expense
37
Give an example of a fixed expense Mortgage,
rent, insurance, car payment
38
__________________ is the process of comparing
the bank balance to the checkbook balance.a.
Check registerb. Restrictive endorsementc.
Reconciling (balancing) the accountd.Net deposit
39
__________________ is the process of comparing
the bank balance to the checkbook balance. c.
Reconciling (balancing) the account
40
A credit card isa. credit which must be repaid
in a series of equal paymentsb. pre-approved
credit which can be used for the purchase of
goods and services now andpayment of them
laterc. a plastic card that is electronically
connected to the cardholders bank accountd.
None of the above
41
A credit card is b. pre-approved credit which
can be used for the purchase of goods and
services now andpayment of them later
42
It is easier to start your own business in a
Command economyControlled economyTraditional
economyFree enterprise system
43
It is easier to start your own business in a
Free enterprise system
44
The economic goals of the American
free-enterprise system include Freedom, equity,
and growthProfit, traditions, and government
controlSocialism that evolves into pure
communismChoice, central planning and security
45
The economic goals of the American
free-enterprise system include Freedom, equity,
and growth
46
The interaction of supply and demand determines
theElasticityPrice ceilingEquilibrium
priceMarginal utility
47
The interaction of supply and demand determines
the Equilibrium price
48
When the tax rate increases as your income goes
up, this is an example ofProgressive
taxesRegressive taxesProportional
taxesRecessive taxes
49

When the tax rate increases as your income goes
up, this is an example ofProgressive taxes
50
If the price of a product is above its
equilibrium price, the result is
DemandSurplusShortageBlack market
51
If the price of a product is above its
equilibrium price, the result is Surplus
52

• JEOPARDY GAME
• Great! I have the blank jeopardy file. Now, how
  do I create my own jeopardy game using this blank
  format.
• The hard part has been done for you--you have the
  easy part! Before we begin, you will need to
  download the Blank Jeopardy game from the web
  site. Open it by clicking on it. Go to File,
  Save As, Save it to your Desktop or a folder.
• 1. Click on your Blank Jeopardy to open it in
  Powerpoint.
• 2. Decide on your categories at the top. You
  need 5 categories.
• 3. If you want to change the color of the font,
  highlight the category, click on the font color
  button's down arrow and choose the color of your
  choice.
• 4. Double click in the first blank category and
  begin typing your first category. Continue to do
  this for all five categories. Click on File, Save
  As to save your work. You will want to give it a
  name, e.g. Science ch. 5 review.
• This will leave your "blank jeopardy file", blank
  for you to create other games.
• 5. Go to the lower left hand corner and choose
  the Slide Sorter View.
• 6. Choose the second slide and double click on
  it.
• 7. If you do not have the DRAW toolbar at the
  bottom of your screen, go to VIEW, Toolbars, and
  click on Drawing. You should now see the Draw
  toolbar.
• 8. Click on the Text button. Click again to
  position the text box on your slide toward the
  top and in the middle.
• 9. Begin typing your first answer.
• 10. Double Click on slide 3, repeat step 11 and
  type your question. Remember the format of
  Jeopardy. The answer is in the form of a
  question.
• 11. Periodically, save your work by clicking on
  the little diskette in your menu bar.
• 12. Each slide is in order, going down the
  category e.g. First category on the far left for
  1 point is slide number 2 and 3. First category
  for 2 points is slide number 4 and 5 etc.
• 13. If you want to include two "daily doubles",
  just change the color of the question and answer
  to yellow. We included two daily doubles because
  we play with two teams and would like each team
  to have the opportunity to score a daily double.
  But as you know, it doesn't always work out that
  way!