Post on 01-Apr-2015
Economics Jaguar’dy
Economics Jaguar’dy
Vocab More Vocab
True or False
Misc Resources
100
200
300
400
500
100 100100 100
200 200 200 200
300 300 300 300
400 400 400 400
500 500 500 500
Final Jeopardy
100 pt. Question from Category 1
Items that people make and use
100 pt. Answer from Category 1
goods
200 pt. Question from Category 1
Things people do for others
200 pt. Answer from Category 1
services
300 pt. Question from Category 1
Amount of a product that is available
300 pt. Answer from Category 1
supply
400 pt. Question from Category 1
Setting money aside each week or each pay period
for wanted items, retirement or emergencies
400 pt. Answer from Category 1
Savings account
500 pt. Question from Category 1
Economic system of the U.S. in which people can trade with each other at any time or in any way
they both agree
500 pt. Answer from Category 1
Free market economy
100 pt. Question from Category 2
A plan for how much money will be spent on each type of item that a
person must buy
100 pt. Answer from Category 2
budget
200 pt. Question from Category 2
Payments earned by households for selling or renting their productive
resources
200 pt. Answer from Category 2
income
300 pt. Question from Category 2
Funds raised by the government through taxing and borrowing
300 pt. Answer from Category 2
Government revenue
400 pt. Question from Category 2
Provides goods and services for what
consumers want or need at a price consumers will
pay
400 pt. Answer from Category 2
Private business
500 pt. Question from Category 2
Spend their income for goods and services. They also sell their resources
to businesses (like labor).
500 pt. Answer from Category 2
households
100 pt. Question from Category 3
Opportunity cost is what must be given up in
order to get something else.
100 pt. Answer from Category 3
true
200 pt. Question from Category 3
Imports are products sold from the U.S. to other
countries.
200 pt. Answer from Category 3
False Exports are products sold
from (EXIT) the U.S. to other countries.
300 pt. Question from Category 3
Producers are people who use up goods
300 pt. Answer from Category 3
False They are people who
make goods.
400 pt. Question from Category 3
Private businesses drive the U.S. economy.
400 pt. Answer from Category 3
true
500 pt. Question from Category 3
Businesses charge less money for things when
the supply is limited and the demand is high.
500 pt. Answer from Category 3
FalseBusinesses usually charge
more for things when supply is limited and the
demand is high.
100 pt. Question from Category 4
Goods and services provided by the
government
100 pt. Answer from Category 4
Government spending
200 pt. Question from Category 4
Good that one country sells to another country
200 pt. Answer from Category 4
exports
300 pt. Question from Category 4
Industry involved with conducting financial
transactions
300 pt. Answer from Category 4
banking
400 pt. Question from Category 4
The amount of money people pay for buying a
good or service
400 pt. Answer from Category 4
price
500 pt. Question from Category 4
Four main sectors of the U.S. economy
500 pt. Answer from Category 4
HouseholdsPrivate businesses
BanksGovernment
100 pt. Question from Category 5
_________ resources are the people that work to produce goods or to
provide services
100 pt. Answer from Category 5
Human Resources
200 pt. Question from Category 5
Money or other things used to make goods or perform services are ________ resources.
200 pt. Answer from Category 5
Capital Resources
300 pt. Question from Category 5
Which of the following is a human resource?
TreesLumberLogger
Chainsaw
300 pt. Answer from Category 5
LoggerA worker who cuts trees
(logs) is a human resource.
400 pt. Question from Category 5
Which of the following is a natural resource?
TreesLumber
ChainsawLogger
400 pt. Answer from Category 5
Trees
500 pt. Question from Category 5
Which of the following are capital resources?
TreesLumberLogger
Chainsaw
500 pt. Answer from Category 5
LumberChainsaw
Why did the U.S. sign a trade agreement with the two other countries in North America?
FINAL JAGUAR’DY
FINAL JAGUAR’DY ANSWER
Trade agreements or eliminated taxes on
goods bought and sold between countries. This
is done to increase business between
countries.