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Economics
EconomicSystems
Trade Barriers
Misc.
Q $100
Q $200
Q $300
Q $400
Q $500
Q $100 Q $100Q $100 Q $100
Q $200 Q $200 Q $200 Q $200
Q $300 Q $300 Q $300 Q $300
Q $400 Q $400 Q $400 Q $400
Q $500 Q $500 Q $500 Q $500
Final Jeopardy
Economic Growth
Terms
$100 Question Economic Systems
This economic system has its three main economic questions answeredby customs and beliefs
$100 Answer Economic Systems
What is a Traditional Economy?
$200 Question Economic Systems
An economic system where the government makes all of the economic decisions
$200 Answer Economic Systems
What is a command economy?
$300 Question Economic Systems
Economic system that is centered on the concept of free enterprise
$300 Answer Economic Systems
What is a market economy?
$400 Question Economic Systems
An economic system that combines free enterprise with governmental involvement in certain industries
$400 Answer Economic Systems
What is a mixed economy?
$500 Question Economic Systems
The majority of countries in Europe have this type of economy
$500 Answer Economic Systems
What is a Mixed Economy ?
$100 Question Trade Barriers
Anything that hinders or prevents free trade from taking place
$100 Answer Trade Barriers
What is a trade barrier?
$200 Question Trade Barriers
These are goods that are purchased outside of the country
$200 Answer Trade Barriers
What are imports?
$300 Question Trade Barriers
These are goods sold outside of the country
$300 Answer Trade Barriers
What are exports?
$400 Question Trade Barriers
These are the three types of trade barriers
$400 Answer Trade Barriers
What are cultural, physical, and economic trade barriers?
$500 Question Trade Barriers
These are the three types of economic trade barriers
$500 Answer Trade Barriers
What are an embargo, tariff, and quota?
$100 Question Economic Growth
Someone who starts their own business, invents something new, or improves an existing idea
$100 Answer Economic Growth
What is an entrepreneur?
$200 Question Economic Growth
All the goods that are produced in an economy, then used to produce other goods and services
$200 Answer Economic Growth
What are capital goods?
$300 Question Economic Growth
The total amount of goods or services that are produced in a country for one year
$300 Answer Economic Growth
What is Gross Domestic Product (GDP)?
$400 Question Economic Growth
All the skills, talents, abilities, and education that human workers posses
$400 Answer Economic Growth
What is human capital?
$500 Question Economic Growth
The study of the making, buying, and selling of goods and services
$500 Answer Economic Growth
What is Economics?
$100 Question Terms
Term for exchanging goods and services without the use of money
$100 Answer Terms
What does barter mean?
$200 Question Terms
Term that is used to describe competition between companies
$200 Answer from H4
What is free enterprise?
$300 Question Terms
An economic trade barrier where one country refuses to trade with another country for political reasons
$300 Answer Terms
What is an embargo?
$400 Question Terms
These materials are found in nature and are valuable to people
$400 Answer Terms
What are natural resources?
$500 Question Terms
A term used to describe a limit on the amount of a certain good that can be imported
$500 Answer Terms
What is a quota?
$100 Question Miscellaneous
Communist countries such as China and Cuba usually have this type of economy
$100 Answer Miscellaneous
What is a command economy?
$200 Question Miscellaneous
This is a kind of work that is performed for others
$200 Answer Miscellaneous
What is a service?
$300 Question Miscellaneous
Amount of something that is available for use
$300 Answer Miscelleaneous
What is a supply?
$400 Question Miscellaneous
How much of a product or servive is desired by buyers
$400 Answer Miscellaneous
What is a demand?
$500 Question Miscellaneous
A limited supply of something
$500 Answer Miscellaneous
What is Scarcity?
Final Question
Jennifer went to the mall to buy a new outfit. She had enough money for either a Forever 21 pair of jeans or a really pretty necklace from The Limited. She decided to buy the necklace because then she could wear it to the dance party tonight.
What is the pair of jeans in this scenario?
Final Question Answer
Opportunity Cost
