Who Wants to Be
a Millionaire?
100 Dollar QuestionIn what type of economic system does the
government own the resources and control economic activity?
A. feudalism
D. traditionalB. Free-market
C. command
300 Dollar QuestionIn a market economy, what
determines the price of goods and services?
A. Government officials
D. International trade organizations
B. Supply and demand
C. Raw materials and human resources
500 Dollar QuestionWhen making economic decisions,
three questions about production and distribution must be answered. Which of the following is NOT one of these
questions?
A. When will it be produced?
D. For whom will it be produced?
B. How will it be produced?
C. What will be produced?
1000 Dollar QuestionA Japanese Jeweler in Tokyo
purchases gold and diamonds from South Africa. The gold and diamonds
are …
A. natural resources
D. Human capital B. Capital goods
C. Tax revenue
2,000 Dollar Question
Tariffs are taxes applied to
A. Services only
B. Exported goods
C. Natural resources
D. Imported goods
4,000 Dollar Question
This type of trade barrier places a limit on the mount imported and exported to
and from a country
A. embargo
D. clearanceB. tariff
C. quota
8,000 Dollar QuestionJapan and Israel both have very limited natural resources but have very strong
economies. Which of the following explains why?
A. they import finished goods and make them
better
D. They use slaves for free labor
B. They export raw material
C. They invest in their human capital
16,000 Dollar Question
What resource do many countries in the Middle East specialize in …
A. textiles
D. Agriculture B. oil
C. Metal industry
32,000 Dollar Question
A result of investment in capital goods is…
A. GDP stays the same
D. Increase in GDPB. decrease in GDP
C. No change in GDP
64,000 Dollar Question
How does OPEC control the price of oil?
A. OPEC has no control over prices of oil
D. OPEC only sells oil to countries who will pay a
high price
B. By controlling the supply
C. By telling the UN what price to make oil
125,000 Dollar Question
Which of the following is a negative result of specialization?
A. If the industry fails, there is nothing to fall
back on
D. Human capital in a specific area gets better
B. Resources are used more efficiently
C. businesses get better at what they do
250,000 Dollar QuestionIsrael spends millions of tax dollars to educate it people, train workers, and
teach special skills. What should happen to Israel’s GDP?
A. GDP will decrease
D. There will be no change in GDP
B. GDP will only increase for one year
C. GDP will increase
500,000 Dollar Question
The Ugandan government added the Nile Perch to Lake Victoria.
Why?
A. To wipe out the local cichlid fish
D. To decrease exports in the country
B. To stop water disease
C. To have a product big enough to export
1,000,000 Dollar Question
If water is unavailable in a region, what will happen to the
economy in that area?
A. Industry will be able to grow and thrive
D. The economy will expand
B. Water has no impact on industry
C. Industry will slow and not develop
Correct Response $100
That was a correct answer!
On to the next question
Correct Response $300
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Next Question
Correct Response $500
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Next Question
Correct Response $1,000
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Go to $2,000 dollar question
Correct Response $2000
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4000 Dollar Question
Correct Response $4000
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8000 Dollar Question
Correct Response $8000
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16,000 Dollar Question
Correct Response $16,000
That was a correct answer!
32,000 Dollar Question
Correct Response $32,000
That was a correct answer!
64,000 Dollar Question
Correct Response $64,000
That was a correct answer!
125,000 Dollar Question
Correct Response $125,000
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500,000 question
Correct Response $500,000
That was a correct answer!
1,000,000 dollar question
Incorrect Response !
Sorry, you just blew
the whole million!
Correct Response
$1,000,000
Count up how much money your team earned.
Incorrect! Sorry
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