Jeopardy (Round 1)Jeopardy (Round 1)
100
200
300
400
500
EconomicConcepts/Terms
300 300 300300
400 400 400 400
500 500 500 500
200 200 200 200
100 100 100 100
Personal Finance
Economic Systems
MeasuringEconomic
Performance
Supply and
Demand
Jeopardy (Round 2)Jeopardy (Round 2)
600
700
800
900
1000
600
700
800
900
1000
600
700
800
900
1000
600
700
800
900
1000
600
700
800
900
1000
Economic Concept/
Terms
Fiscal Policy
Monetary Policy Banking RandomRandom
Final JeopardyFinal Jeopardy
This law is proven This law is proven when a worker is when a worker is hired and they hired and they
contribute less to the contribute less to the output than those output than those hired before them.hired before them.
Economic Concepts Economic Concepts (100)(100)Land, labor, Land, labor,
and capitol and capitol are are
considered considered this…this…
Economic Concepts Economic Concepts (200)(200)
Including goods Including goods and services, all and services, all resources are resources are
this…this…
Economic Concepts Economic Concepts (300)(300)
The most The most desirable desirable
alternative given alternative given up when making up when making
a decision.a decision.
Any resource Any resource made by humans made by humans
and used to and used to created other created other
goods and goods and services.services.
Economic Concepts Economic Concepts (400)(400)
Economic Concepts Economic Concepts (500)(500)
A factory A factory building would building would be an example be an example
of this…of this…
Economic Systems (100)Economic Systems (100)
This person stated This person stated that in a market that in a market economy, self-economy, self-
interest controlled interest controlled competition.competition.
EconomicEconomic SystemsSystems ( (200200))An economic system An economic system that includes that includes government government
ownership, allocation ownership, allocation by command, and by command, and
planning of all planning of all decisions by the decisions by the
government.government.
Economic Systems (300)Economic Systems (300)
Private ownership, Private ownership, freedom of choice, freedom of choice,
and competition are and competition are characteristic of this characteristic of this economic system.economic system.
Economic Systems (400)Economic Systems (400)
These two entities These two entities set the price of set the price of
good and services good and services in a market in a market economy.economy.
Economic Systems (500)Economic Systems (500)
System that System that does not provide does not provide
things the things the market does not market does not
address…address…
Supply and Demand (100)
Adam Smith’s Adam Smith’s imaginary friend imaginary friend
who said who said individuals act on individuals act on
self-interest…self-interest…
Supply and Demand (200)
This is the most This is the most important factor important factor in determining in determining price elasticity price elasticity
for supply…for supply…
Supply and Demand (300)
Point where the Point where the supply curve and supply curve and
demand curve demand curve meet…meet…
(X)(X)
Supply and Demand (400)
This law states This law states that lower prices that lower prices cause people to cause people to buy more of a buy more of a
good.good.
Supply and Demand (500)
This law states that This law states that when the price of when the price of
goods rise so will the goods rise so will the quantity supplied.quantity supplied.
Economic Performance (100)
Ms. Duke is this Ms. Duke is this because he has a because he has a B.S. in biology and B.S. in biology and is working at Del is working at Del
Taco.Taco.
Economic Performance (200)(200)
This includes This includes consumer spending, consumer spending, business investment, business investment,
government government investment, and net investment, and net
exports…exports…
Economic Performance (300)Type of GDP Type of GDP that that
included included current current pricesprices
Economic Performance (400)
A representation of A representation of a typical market a typical market
basket of goods for basket of goods for a urban a urban
household…household…
Economic Performance (500)
Term used to justify Term used to justify the cost of a Hershey the cost of a Hershey bar going up because bar going up because
sugar prices might sugar prices might have increased…have increased…
Personal Finance (100)Personal Finance (100)
A collection A collection of financial of financial
assets…assets…
Personal Finance (200)Personal Finance (200)The ease at The ease at which you which you can carry can carry money is money is
this…this…
Personal Finance (300)Personal Finance (300)
Collateral, credit, Collateral, credit, compensating compensating
factors, cash, and factors, cash, and capability are all capability are all
part of this…part of this…
Personal Finance (400)Personal Finance (400)
When you have When you have one of these your one of these your money is invested money is invested
in a variety of in a variety of stocks.stocks.
Personal Finance (500)Personal Finance (500)
How old is Mr. Chance?How old is Mr. Chance?A type of stock A type of stock that reinvests that reinvests its profit into its profit into the company.the company.
Economic Concepts/Terms Economic Concepts/Terms (600)(600)
This occurs when This occurs when Ms. Christiansen Ms. Christiansen
goes back to school, goes back to school, earns his Masters earns his Masters
Degree, and gets a Degree, and gets a raise.raise.
Economic Concepts/Terms Economic Concepts/Terms (700)(700)
Term given to the Term given to the idea of spending idea of spending
money on the money on the homeless or the homeless or the
military.military.
Economic Concepts/Terms Economic Concepts/Terms (800)(800)
The incentive The incentive manufactures manufactures have to sell have to sell
their products.their products.
Economic Concepts/Terms Economic Concepts/Terms (900)(900)
The direction a The direction a demand curve demand curve would shift for would shift for firewood if “a firewood if “a
record snow storm record snow storm hit Big Bear.”hit Big Bear.”
Economic Concepts/Terms Economic Concepts/Terms (1000)(1000)
Market structure Market structure where two to four where two to four
firms produce 70 to firms produce 70 to 80% of a product.80% of a product.
Fiscal Policy (600)Fiscal Policy (600)
Social welfare Social welfare program providing program providing benefits to people benefits to people
who meet a who meet a certain criteria. certain criteria.
Fiscal Policy (700)Fiscal Policy (700)
Cutting taxes Cutting taxes would be this would be this type of fiscal type of fiscal
policy.policy.
Fiscal Policy (800)Fiscal Policy (800)
The two bodies The two bodies of government of government
that put the that put the federal budget federal budget
together.together.
Fiscal Policy (900)Fiscal Policy (900)
Decreasing Decreasing government government
spending is an spending is an example of this example of this type of policy.type of policy.
Fiscal Policy (1000)Fiscal Policy (1000)
The idea that every The idea that every dollar spending dollar spending
creates more than creates more than one dollar in one dollar in
economic activity.economic activity.
Monetary Policy (600)Monetary Policy (600)
Fiscal policy deals Fiscal policy deals with taxing and with taxing and
spending. spending. Monetary policy Monetary policy
deals withdeals with
MonetaryMonetary Policy (700) Policy (700)
The Federal The Federal Reserve was Reserve was
created to lessen created to lessen the effects of the effects of
inflation and this inflation and this cycle.cycle.
Monetary Policy (800)Monetary Policy (800)
Monetary Policy Monetary Policy tools are tools are
adjusting the RR, adjusting the RR, discount rate, discount rate,
andand
Monetary Policy (900)Monetary Policy (900)
The FED does this The FED does this to encourage to encourage
banks to lend out banks to lend out more of their more of their
reserves.reserves.
Monetary Policy (1000)Monetary Policy (1000)
Printing mass Printing mass amounts of amounts of
money would money would cause this…cause this…
Banking (600)Banking (600)
Banks make Banks make most of their most of their income from income from
this…this…
Banking (700)Banking (700)
If interest rates If interest rates increase increase
depositors have depositors have an incentive to an incentive to
do this…do this…
Banking (800)Banking (800)
The original The original amount of money amount of money you borrow from a you borrow from a bank when taking bank when taking
out a loan…out a loan…
Banking (900)Banking (900)
This occurs when This occurs when more customers more customers withdraw money withdraw money
than the bank has than the bank has in reserves…in reserves…
Banking (1000)Banking (1000)
They make sure They make sure you don’t lose you don’t lose your money if your money if
your bank fails…your bank fails…
Random (600)Random (600)
This is a type of This is a type of market where there market where there
are many are many companies selling companies selling
similar but not similar but not identical products…identical products…
Random (700)Random (700)
Martha Martha Stewart was Stewart was accused of accused of
participating in participating in this…this…
Random (800)Random (800)
The “ability to The “ability to pay” theory pay” theory reflects this reflects this
type of type of taxation…taxation…
Random (900)Random (900)
The measure The measure used to indicate used to indicate
your credit your credit risk/credit risk/credit ranking…ranking…
Random (1000)Random (1000)The cash and coin The cash and coin currency used in currency used in circulation in the circulation in the
United States United States today is an today is an
example of this…example of this…