Double Jeopardy Q $200 Q $400 Q $600 Q $800 Q $1000 Q $200 Q $400 Q $600 Q $800 Q $1000 Taxes Intro to Economics The Six Pillars Demand & Supply Money & Banking

$200 Question from Taxes. An excise tax can also be called a luxury or __________ tax.

$200 Answer from Taxes. Sin/Hidden Tax

$400 Question from Taxes. Social insurance taxes such as Social Security and Medicare are taken directly out of paychecks. Because of this they are often called __________ taxes.

$400 Answer from Taxes. Payroll Taxes

$600 Question from Taxes. This tax regulates or discourages activities that Congress deems dangerous.

$600 Answer from Taxes. Nonrevenue Tax

$800 Question from Taxes. This is laid on the manufacture, sale, or consumption of a good/or a performance of a service.

$800 Answer from Taxes. Excise Tax

$1000 Question from Taxes. This is also called a “payroll tax” because it is taken directly out of paychecks at a flat rate.

$1000 Answer from Taxes. Social Insurance Tax

$200 Question from Intro to Economics.

$200 Answer from Intro to Economics. Into Production

$400 Question from Intro to Economics.

$400 Answer from Intro to Economics. Resulting in a Good/Service

$600 Question from Intro to Economics.

$600 Answer from Intro to Economics. Distribution

$800 Question from Intro to Economics.

$800 Answer from Intro to Economics. Factors of Production (Land, Labor, Capital)

$1000 Question from Intro to Economics.

$1000 Answer from Intro to Economics. Goods Made Available for Consumption

$200 Question from The Six Pillars. This pillar means that a business will compete with others in the market.

$200 Answer from The Six Pillars. Market Competition.

$400 Question from The Six Pillars. I am going to college to become a teacher. When I sell my labor my _______________ will be in Social Studies education. (what pillar goes along with this idea)

$400 Answer from The Six Pillars. Specialization

$600 Question from The Six Pillars. Arby’s and Wendy’s engage in _______________ ______________ because they both specialize in fast food.

$600 Answer from The Six Pillars. Market Competition

$800 Question from The Six Pillars. A business sells cupcakes. They will make a profit selling their treats at $2 but customers are willing to pay $3.50 per cupcake. To determine what price they should sell their product the business must consider this pillar of free enterprise

$800 Answer from The Six Pillars. The Price System

$1000 Question from The Six Pillars. A barber shop must buy their scissors/grooming tools from a retailer. They are engaging in _______________ _______________.

$1000 Answer from The Six Pillars. Voluntary Exchange

$200 Question from Demand & Supply. Which is a non-elastic supply graph? A B C D

$200 Answer from Demand & Supply. C

$400 Question from Demand & Supply. The _______________ _____ _______________ is an inverse relationship between the quantity demanded and price.

$400 Answer from Demand & Supply. Law of Demand

$600 Question from Demand & Supply. The _______________ _____ _______________ is a positive relationship between the quantity supplied and the price of the product.

$600 Answer from Demand & Supply. Law of Supply

$800 Question from Demand & Supply. Does this show an increase or decrease in supply? S1 S2

$800 Answer from Demand & Supply. Increase

$1000 Question from Demand & Supply. Does this show an increase or decrease in demand? D1 D2

$1000 Answer from Demand. Increase

$200 Question from Money & Banking.

$200 Answer from Money & Banking. Peak

$400 Question from Money & Banking.

$400 Answer from Money & Banking. Recovery

$600 Question from Money & Banking.

$600 Answer from Money & Banking. Recession

$800 Question Money & Banking.

$800 Answer from Money & Banking. Trough

$1000 Question from Money & Banking.

$1000 Answer from Money & Banking. Growth Trend