Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each...

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Academic Raceway 500 Econ Final

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Transcript of Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each...

Page 1: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Academic Raceway 500

Econ Final

Page 2: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer)2. Points are doubled for the final round. Photo finish round is worth 5 points2. We will go around the room starting to my far right. You can CHOOSE A DRIVER OR PASS3. If your driver selects the correct answer:+ 5 points. Wrong answer: -5 points 4. Your TEAM DRIVERS get two wrong answers during the duration of game: CRASH and BURN: YOUR TEAM AUTOMATICALLY IS Disqualified (out for the rest of the race)

Round One (circle a car for each correct question answered-One point each):

R

Round Two (circle a car for each correct question answered-Two points each:

Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer)2. Points are doubled for the final round. Photo finish round is worth 5 points2. We will go around the room starting to my far right. You can CHOOSE A DRIVER OR PASS3. If your driver selects the correct answer:+ 5 points. Wrong answer: -5 points 4. Your TEAM DRIVERS get two wrong answers during the duration of game: CRASH and BURN: YOUR TEAM AUTOMATICALLY IS Disqualified (out for the rest of the race)

Round One (circle a car for each correct question answered-One point each):

R

Round Two (circle a car for each correct question answered-Two points each:

The Econ Final 500Kirby-CHS

1 2 3 4 5 6 7 89 10 11 12 13 14 15

16 17 18 19 20

Driver ScoreCorrect answer: +5 (circle)

Wrong answer: -5 (Mark an X on ”Crash” and “Burn”) Two Xs and

Your team is disqualified CRASH BURN

Page 3: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Welcome to the Econ Final 500

Welcome to the Econ Final 500

Complete Three Races to Win the “Golden Plunger”

Qualifying LapAtlanta Motor Speedway

Indianapolis 500Econ Final 500

Click here to begin.

Click here to begin.

Page 4: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Qualifying Lap

QUALIFYING LAP

Click on the key to startClick on the key to start

Page 5: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Pick the right pit stop to win the race.Pick the right pit stop to win the race.

b. Natural Resources

a. Capital Resources

1. All the things in nature that can be used to produce goods & services are called:

Page 6: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Click here to go back to the correct Pit Stop and have your car repaired.

You’ve Crashed!

Page 7: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Pick the right pit stop to win the race.Pick the right pit stop to win the race.

2. Economists use the circular flow model to show:

a. How resources, products and money payments are exchanged in the U.S.

b. How decisions are made by buyers and sellers in the market

Page 8: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Click here to go back to the correct Pit Stop and have your car repaired.

You’ve Crashed

Page 9: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Pick the right pit stop to win the race.Pick the right pit stop to win the race.

3. Which of the following is NOT one of the basic economic questions?

b. For whom shall goods be produced

a. Where shall goods be produced

Page 10: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Click here to go back to the correct Pit Stop and have your car repaired.

You’ve Crashed!

Page 11: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Pick the right pit stop to win the race.Pick the right pit stop to win the race.

a. What is given up when a choice is made

b. The price of goods and services

4. Opportunity cost is defined by economists as

Page 12: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Click here to go back to the correct Pit Stop and have your car repaired.

You’ve Crashed!

Page 13: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Pick the right pit stop to win the race.Pick the right pit stop to win the race.

b. Down

a. Up

5. When Price Goes up, supply goes:

Page 14: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Click here to go back to the correct Pit Stop and have your car repaired.

You’ve Crashed!

Page 15: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Congratulations! You’ve Qualified!

Click here to go to your first race.

Page 16: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Atlanta Motor Speedway

Atlanta Motor Speedway

Click on the key to startClick on the key to start

Page 17: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Pick the right pit stop to win the race.Pick the right pit stop to win the race.

a. Related Goods

b. Resource Cost

6. The “R” in R-A-T-N-E-S-T stands for

Page 18: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Click here to go back to the correct Pit Stop and have your car repaired.

You’ve Crashed!

Page 19: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Pick the right pit stop to win the race.Pick the right pit stop to win the race.

7. When the price of hot dogs goes up the:

b. The D for hot dog buns goes down

a. QD of hot dog buns goes up

Page 20: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Click here to go back to the correct Pit Stop and have your car repaired.

You’ve Crashed

Page 21: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Pick the right pit stop to win the race.Pick the right pit stop to win the race.

8. Jeans, toothpaste and batteries are examples of this type of market structure:

a. Perfect Competition

b. Monopolistic Competition

Page 22: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Click here to go back to the correct Pit Stop and have your car repaired.

You’ve Crashed!

Page 23: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Pick the right pit stop to win the race.Pick the right pit stop to win the race.

a. The last item consumed is less satisfying than the previous one. b. As the price goes up; you will be less satisfied

9. According to the "law of diminishing marginal utility“:

Page 24: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Click here to go back to the correct Pit Stop and have your car repaired.

You’ve Crashed!

Page 25: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Pick the right pit stop to win the race.Pick the right pit stop to win the race.

a. Left

b. Right

10. A new football league would move the supply curve(more football games) to the:

Page 26: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Click here to go back to the correct Pit Stop and have your car repaired.

You’ve Crashed!

Page 27: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Congratulations! You’ve Completed the First Race!

Click here to go to your next race to win the Academic Cup.

Page 28: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Indianapolis 500

INDIANAPOLIS 500

Click on the key to startClick on the key to start

Page 29: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Pick the right pit stop to win the race.Pick the right pit stop to win the race.

a. The technology of production improved

b. Resources used in production became more costly

11. The supply curve would shift to the right if:

Page 30: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Click here to go back to the correct Pit Stop and have your car repaired.

You’ve Crashed!

Page 31: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Pick the right pit stop to win the race.Pick the right pit stop to win the race.

12. An increase in the tastes & preferences for Snickers will:

a. Increase demand, increase price, increase quantity

b. Increase demand, decrease price, increase quantity

Page 32: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Click here to go back to the correct Pit Stop and have your car repaired.

You’ve Crashed

Page 33: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Pick the right pit stop to win the race.Pick the right pit stop to win the race.

13. A certificate of ownership in a corporation is called:

a. Bond

b. Stock

Page 34: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Click here to go back to the correct Pit Stop and have your car repaired.

You’ve Crashed!

Page 35: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Pick the right pit stop to win the race.Pick the right pit stop to win the race.

a. Perfect Competition

b. Pure Monopoly

14. Which market structure has the least control over prices?

Page 36: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Click here to go back to the correct Pit Stop and have your car repaired.

You’ve Crashed!

Page 37: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Pick the right pit stop to win the race.Pick the right pit stop to win the race.

a. Fiscal Policy

b. Monetary Policy

15. Managing the economy by decreasing government spending & increasing taxes ("G"&"T") is an example of:

Page 38: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

On to the Final Race: The Econ 500

Page 39: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Pick the right pit stop to win the race.Pick the right pit stop to win the race.Qualifying Lap

Econ Final 500

Click on the key to startClick on the key to start

Page 40: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

ReturnReturn

a. Control imports and exports

b. Regulate the economy

16. The federal government uses fiscal & monetary policy to:

Econ Final 500Points are Doubled! “Pit Crew” scores

only

Page 41: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

ReturnReturn

ANSWER: b. Regulate the economy

16. The federal government uses fiscal & monetary policy to:

Econ Final 500Points are Doubled! “Pit Crew” scores

only

Page 42: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

ReturnReturn

a. Charge interest on loans

b. Give loans to people

Econ Final 500Points are Doubled! “Pit Crew” scores

only

17. Banks create money when they:

Page 43: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

ReturnReturn

Answer: b. Give loans to people

Econ Final 500Points are Doubled! “Pit Crew” scores

only

17. Banks create money when they:

Page 44: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

ReturnReturn

a. A “Tight Money” Policy

b. An “Easy Money” Policy

Econ Final 500Points are Doubled! “Pit Crew” scores

only

18. To stimulate the economy during a recession, the Fed would likely adopt a(an):

Page 45: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

ReturnReturn

Answer: b. An “Easy Money” Policy

Econ Final 500Points are Doubled! “Pit Crew” scores

only

18. To stimulate the economy during a recession, the Fed would likely adopt a(an):

Page 46: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

ReturnReturn

a. Cost-Push Theory

b. Demand-Pull Theory

Econ Final 500Points are Doubled! “Pit Crew” scores

only

19. Inflation that results from an increase in labor cost is called:

Page 47: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

ReturnReturn

Answer: a. Cost-Push Theory

Econ Final 500Points are Doubled! “Pit Crew” scores

only

19. Inflation that results from an increase in labor cost is called:

Page 48: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

ReturnReturn

a. CPI

b. GDP

Econ Final 500Points are Doubled! “Pit Crew” scores

only

20. A market basket of 364 items that consumers buy that economists use to track inflation is:

Page 49: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

ReturnReturn

Answer: a. CPI

Econ Final 500Points are Doubled! “Pit Crew” scores

only

20. A market basket of 364 items that consumers buy that economists use to track inflation is:

Page 50: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Photo Finish Tie Breaker

Page 51: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Photo Finish Tie Breaker

Page 52: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Photo Finish Tie Breaker

Page 53: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Photo Finish Tie Breaker

Page 54: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Photo Finish Tie Breaker

Page 55: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Photo Finish Tie Breaker

Page 56: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Photo Finish Tie Breaker

Page 57: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Photo Finish Tie Breaker

Page 58: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Photo Finish Tie Breaker

Page 59: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Photo Finish Tie Breaker

Page 60: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Photo Finish Tie Breaker

Page 61: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Photo Finish Tie Breaker

Page 62: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Photo Finish Tie Breaker

Page 63: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Photo Finish Tie Breaker

Page 64: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Photo Finish Round: 5 points

Page 65: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Photo Finish Tie Breaker

Page 66: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Can you name this Movie

Page 67: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

CARS

Page 68: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Total Your Scores Now

Page 69: Academic Raceway 500 Econ Final Rules: 1. Groups (“Pit Crews” play on their white boards each round (0ne point for each correct answer) 2. Points are.

Congratulations! You’ve Won the Trophy!

Congratulations! You’ve Won the Trophy!

THE WINNER’S CIRCLE


Introduction To Russian History Fall 2010 – Review Plus Class 0ne

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4000 Series Raceway Product Specification · PDF filelarge cable capacity dual service steel raceway. Commercial, institutional, and industrial applications ... 4000 Series Raceway

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Raceway to Reading

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Metal Raceway Brochure

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Page 42 RACEWAY NEWS, December, 2009 · page 42 raceway news, december, 2009 monmouth cycles presents the raceway park 2009 championship points series old bridge township raceway

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F3A World Championships Midvaal Raceway, Meyerton, … 2013 F3A World Champs - Midvaal Raceway, Meyerton, SA.pdfF3A World Championships Midvaal Raceway, Meyerton, Gauteng, South Africa

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Pavement Type Selection Not a Black or White Issue · Indianapolis Raceway Park Pocono Raceway Infineon Raceway Richmond International Raceway Kansas Speedway Talladega Superspeedway

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