Jeopardy Economy Part1 Economy Part 2 3 Branches Misc. Pt. 1 Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy

$100 Question from Economy What does it mean to make a profit?

$100 Answer from Economy The amount of money that is left over after the items have been purchased and employees have been paid

$200 Question from Economy Pt.1 What is interest?

$200 Answer from Economy Pt.1 Money that is paid for the use of borrowed or deposited money

$300 Question from Economy Pt.1 What are consumers? Give an example of a consumer.

$300 Answer from Economy Pt.1 A person who buys good and uses services Examples: Purchasing items from a store. Getting your hair cut.

$400 Question from Economy Pt.1 You are selling ice cream. It is a cold and rainy day. It seems like business is slow. What do you do?

$400 Answer from Economy Pt. 1 You should... Lower the cost. Have a special/sale.

$500 Question from Economy Pt. 1 You are selling pizza. Today is Super Bowl Sunday. People keep calling to order pizza but you are running out of supplies to make the pizza. What should you do?

$500 Answer from Economy Pt.1 Raise the price (sell to the highest bidder )

$100 Question from Economy Pt 2 What are savings?

$100 Answer from Economy Pt. 2 Money set aside for a specific reason.

$200 Question from Economy Pt. 2 Why are savings important?

$200 Answer from Economy Pt. 2 Savings are important to keep because it is guaranteed money. Savings help with your future and unplanned expenses.

$300 Question from Economy Pt.2 What is the difference between an investment and a savings?

$300 Answer from Economy Pt. 2 Investment Take a chance to make money or lose money within a company/product. Savings You cannot lose your money. Money set aside.

$400 Question from Economy Pt. 2 Compare and Contrast Goods and Servies.

$400 Answer from Economy Pt. 2 Goods Products that are sold. Services Businesses in which people help others/provide a service for someone else

$500 Question from Economy Pt. 2 Explain how a state raises and spends money to provide goods and services for it’s citizens..

$500 Answer from Economy Pt. 2 - Taxes: state tax, local tax, income tax, sales tax, property tax. - Bond issues: Raising money for schools, roads, parks etc.

$100 Question from 3 Branches The president of the United States is in charge of the _______ branch.

$100 Answer from 3 Branches Executive

$200 Question from 3 Branches Congress or the Legislative Branch is in charge of____________?

$200 Answer from 3 Branches The General Assembly creates Bills that sometimes become laws.

$300 Question from 3 Branches Explain what the Judcial Branch does?

$300 Answer from 3 Branches Made up of courts. Interpret the law. Many different types of courts Circuit courts, state courts, supreme court

$400 Question from 3 Branches A case was heard by the Court of Appeals, but people were not happy with the decision. What Court would this case go to next?

$400 Answer from 3 Branches Supreme Court

$500 Question from 3 Branches Why do we have a system of Checks and Balances?

$500 Answer from 3 Branches To keep the balance between the 3 branches. We do not want one branch to have more power over the other.

$100 Question Misc. Pt. 1 What are the Bill of Rights?

$100 Answer from Misc Pt. 1 The first part of the constitution. It guarantees the rights and freedoms to Missouri Citizens

$200 Question from Misc. Pt. 1 What is an import?

$200 Answer from Misc. Pt. 1 Goods that are brought in from other countries.

$300 Question from Misc. Pt. 1 What are the benefits of exports?

$300 Answer from Misc Pt. 1 Exports are important because we ship things to other countries. They rely on us for the goods, so it helps American’s make money.

$400 Question from Misc. Pt. 1 What are some benefits of the government using a budget?

$400 Answer from Misc. Pt. 1 The government has to plan how to use it’s money so all the money doesn’t get spent in one place. Attempt to distribute equally/importance.

$500 Question from Misc. Pt. 1 Why does the President, Governor, and Mayor have a cabinet of people to support them?

$500 Answer from Misc. Pt. 1 To help with decisions and to help implement projects etc. The President/Mayor/Governor cannot be in all places at once.

Final Jeopardy Answer