What is one way to invest money? Bell Question 6.8.16 What is one way to invest money?

Economics Final Part I Mr. Hackney Jeopardy! Economics Final Part I Mr. Hackney

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Question 1 Choices, or to weigh competing interests. Scarcity forces people, businesses, and countries to make these. Check Answer

Question 2 Scarcity Wants and needs are more than the resources available to satisfy them. Check Answer

Question 3 Opportunity cost If someone chooses a hamburger over a hot dog, the hot dog is this. Check Answer

Question 4 Ties, then shirts. Anna and Maria can get the most gains if Anna produces this and Maria produces this. Check Answer

Question 5 Price will increase During times of high demand for gasoline during holidays, this will happen to the price of gallon of gas. Check Answer

Question 6 Minimum wage earners need to cover the cost of living. What would be the argument a supporter for a larger minimum wage would make? Check Answer

Question 7 Surplus, deficit When government has more revenue than spending they have a , when it has more spending than revenue, they have a . Check Answer

Question 8 Income taxes This is the main source of funding for the federal government. Check Answer

Question 9 Property taxes This is the largest source of local revenue outside state and federal government money. Check Answer

Question 10 Medicaid This program provides free health-care to low-income and disabled people. Check Answer

Question 11 Same amount of money will buy fewer goods and services. This is what inflation does to people’s purchasing power. Check Answer

Question 12 Stagflation When prices and unemployment both rise at the same time. Check Answer

Question 13 A What letter on the graph shows a recession or downturn in the economy? Check Answer

Question 14 E Which letter shows an increase in employment, profits, and production in the economy? Check Answer

Question 15 The Great Depression What event in U.S. history is the most famous example of economic contraction? Check Answer

Question 16 Structural unemployment What serious type of unemployment happens when the operations of the economy changes and new skills are needed by employees? Check Answer

Question 17 Frictional unemployment What type of unemployment is caused by workers who are between jobs for one reason or another? Check Answer

Question 18 Cyclical unemployment What type of unemployment is directly related to swings in the business cycle? Check Answer

Question 19 Seasonal unemployment What type of unemployment results from changes in the weather or changes in demand for certain products? Check Answer

Question 20 Human resources and payments. In the circular flow model, what travels from households to businesses? Check Answer