SystemsLevels of Activity Traditional Concepts Economics & the World 100 200 300 400 500 Geography...
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Transcript of SystemsLevels of Activity Traditional Concepts Economics & the World 100 200 300 400 500 Geography...
![Page 1: SystemsLevels of Activity Traditional Concepts Economics & the World 100 200 300 400 500 Geography Jeopardy! Economics.](https://reader036.fdocuments.in/reader036/viewer/2022062315/5697bf841a28abf838c86b9a/html5/thumbnails/1.jpg)
Systems Levels of Activity
Traditional Concepts Economics & the World
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
Geography Jeopardy!Economics
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Final Jeopardy! Question Economics
Economic descriptors
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System governed by “supply and demand”, features include private ownership of businesses
Free market/Capitalism
Systems100
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System governed by “greater good”, features include collective labor ownership of businesses
Socialism
Systems 200
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System governed by “greater good”, features
include government/small party ownership of businesses
Communism/Command economy
Systems 300
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CommunismSystem envisioned by
Karl Marx
Systems 400
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Although most countries identify
themselves as capitalist or communist, a more
correct descriptor of all economies
Mixed economy
Systems 500
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The level of economic activity represented by information processing and management – i.e.,
technology development, research
Quaternary (4)
Levels of activity100
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The level of economic activity represented by
providing services – i.e., supermarket, teacher,
doctor
Tertiary (3)
Levels of activity200
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The level of economic activity represented by the production of raw
materials – i.e., agriculture, mining,
fishing
Primary (1)
Levels of activity300
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The level of economic activity represented by
making or refining products from raw
materials – i.e., making furniture, turning crude
oil into gasoline
Secondary (2)
Levels of activity400
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Name one career at each level of economic
activity
(Answers vary – points awarded at teacher discretion)
Levels of activity500
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Swapping goods and services without the use
of money
Barter
Traditional100
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Producing just enough to provide food for yourself and your
family
Subsistence agriculture
Traditional300
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Small-scale production based in the home
Cottage industry
Traditional200
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The levels of economic activity most likely to occur in a developing
nation
Primary and secondary
Traditional400
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A term used to describe pre-industrial societies with low standards of
living
Less Developed
Traditional500
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OutsourcingThe physical separation of economic activities from
the main production facility, usually for the purpose of employing
cheaper labor
Concepts100
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Gross Domestic ProductThe total value of goods
and services created within a country
Concepts200
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SpecializationProduction of a limited
scope of products or services in order to gain
greater degrees of productive efficiency
Concepts300
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TariffsTaxes imposed on certain
imported goods and services to keep out
foreign competition and allow the growth of domestic economic
sectors
Concepts400
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IndustrializationThe development of
manufacturing facilities on an extensive scale – a “revolution” of this sort
transformed economies in Europe and the U.S.
Concepts500
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NAFTAAn agreement that
removed tariff and non-tariff barriers to trade
between the U.S., Canada, and Mexico
Economics & the World100
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Export-based economyMany countries in Latin
America have this type of economy; its disadvantage
is a dependence on economic strength in other
regions of the world
Economics & the World200
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Import-based economyJapan and Hawaii both
have this kind of economy due to their lack of land to produce their own goods
Economics & the World300
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European UnionCreated by a number of European countries to
better coordinate economic activities
Economics & the World400
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Columbian ExchangeHistorical term used to describe the transfer of
plants, animals, and goods between the “Old World”
and the “New World”
Economics & the World500
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Used to measure relative wealth between
nations – ignores the inequalities within
society by pretending it is equally distributed to
all people
GDP Per Capita
Final Jeopardy!