Copyright © 2004 Glenna R. Shaw & FTC Publishing Dice Bingo! Customary Measurement Math SOL 3.14.
Slide 1 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome...
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Transcript of Slide 1 Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome...
Slide 1
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome Backgrounds
Communication!
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Communication Game Board
Global EconComplements/Sliments
VocabHodge Podge
100 100 100 100 100
200 200 200 200 200
300 300 300 300 300
400 400 400 400 400
500 500 500 500 500
Final Challenge
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Category 1 for 100
Value of imported goods exported exceeds value of imported goods
Trade surplus
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Category 1 for 200
Balance of payments outcome when spending on exports exceeds revenues
from exports
Trade deficit
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Category 1 for 300
The price of one country’s currency in terms of another country’s currency
Foreign exchange rate
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Category 1 for 400
A system under which the forces of supply and demand establish the value
of one country's currency in terms of another country’s currency
Floating exchange rate
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Category 1 for 500
System under which the price of one currency is fixed in terms of another
Fixed exchange rage
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Category 2 for 100
Which way does the demand curve slope?Down
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Category 2 for 200
Which law states that more will be purchased at low prices than high prices
Demand
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Category 2 for 300
How does the demand curve react to and increase in demand?
Shifts right
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Category 2 for 400
When people demand more of a product at the same price level, the demand
curve
Shifts right
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Category 2 for 500
According to the law of demand, how does the quantity demand of a good or
service relate to the price?
Inversely
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Category 3 for 100
Butter and margarineSubstitutes
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Category 3 for 200
Peanut Butter and JellyCompliments
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Category 3 for 300
Cameras and filmCompliments
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Category 3 for 400
Guns and BulletsCompliments
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Category 3 for 500
Nikes and Addidas Substitutes
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Category 4 for 100
Branch of theory that deals with individual decision making and behavior
microeconomics
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Category 4 for 200
Part of theory dealing with the economy as a whole.
Macroeconomis
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Category 4 for 300
A company sends its employees to training in hope of improving production
Human capital
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Category 4 for 400
Term meaning “The customer is always right.”
Consumer Sovereignty
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Category 4 for 500
Individual right to your own goods and talents
Private property rights
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Category 5 for 100
Who determines the monopoly’s pricesThe monopoly
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Category 5 for 200
Is a movie theater a public or private good?Private
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Category 5 for 300
They are market failures because their costs and benefits are not reflected in
market prices
externalities
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Category 5 for 400
An engineer taking a job at another factory is an example of resource…….
mobility
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Category 5 for 500
This entitlement is a joint federal-state insurance plan for low income
households.
medicaid
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Final Challenge!
What role does the President have in the federal budget?
He formulates it.
Write Your
Final Challenge
Wager