Jeopardy Gimme Gimme Gimme Use Me, Use Me, Use Me Different types of economies in the real world How is wealth measured? More Money, More Problems? Final Jeopardy

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Question Answer Gimme Gimme Gimme-100 ANSWER: This is anyone who uses anything. In other words, all of us. QUESTION: What is a consumer?

Question Answer Gimme Gimme Gimme-200 ANSWER: This is what happens when we use and abuse finite resources. QUESTION: What is waste?

Question Answer Gimme Gimme Gimme-300 ANSWER: A. This is a main incredible power that teens have, even before they can vote, in American society. B. This a choice that, when we make, we also are making to not spend on something else. QUESTION: A. What is spending power? B. What is opportunity cost?

Question Answer ANSWER: This is anything of use. QUESTION: What is a resource? Use Me, Use Me, Use Me-100

Question Answer Use Me, Use Me, Use Me-200 ANSWER: This is something that comes from the earth. QUESTION: What is a natural resource?

Question Answer Use Me, Use Me, Use Me-300 ANSWER: This is what goes into the physical creation of goods and services. QUESTION: What is a capital resource?

Question Answer Use Me, Use Me, Use Me-400 ANSWER: This is the role that we play in providing goods and services. QUESTION: What are human resources?

Question Answer Different types of economies in the real world -100 ANSWER: This type of economy is mostly determined by the government—and exists in only a handful of countries these days. QUESTION: What is a command economy?

Question Answer Different types of economies in the real world -200 ANSWER: This type of economy is purely driven by consumers and owned by private- sector businesses. QUESTION: What is a market economy?

Question Answer Different types of economies in the real world -300 ANSWER: This type of economy is what most countries now have: the private (business) and public (government) sectors as both consumers and owners. QUESTION: What is a mixed economy?

Question Answer How is wealth measured? -100 ANSWER: This is an average that does not take into account massive inequalities in wealth distribution. QUESTION: What is per capita?

Question Answer How is wealth measured?-200 ANSWER: This is the total market value of all final goods and services produced during a year by resources located within a certain country, regardless of who owns the resources. QUESTION: What is the Gross Domestic Product (GDP)?

Question Answer How is wealth measured?-300 ANSWER: The total market value of all final goods and services produced during a year by resources owned within a certain country, regardless of where the resources are located. QUESTION: What is Gross National Product (GNP)?

Question Answer More Money, More Problems?-100 ANSWER: This is the concept upon which the American Dream is based. QUESTION: What is meritocracy?

Question Answer More Money, More Problems?-200 ANSWER: This is another part of the American Dream—if you’re willing to take the risk! QUESTION: What is an entrepreneur?

Question Answer More Money, More Problems? -300 ANSWER: These two different areas of economics measure each of us or an regional/national/international economy as a whole. QUESTION: What is micro versus macroeconomics?

Question Answer FINAL JEOPARDY ANSWER: economics: a social science concerned with the way society chooses to employ its limited resources, which have alternative uses, to produce goods and services for present and future consumption  the study of scarcity and choice regarding this scarcity. In the form of a question, define three out of these four terms underlined in the definition above.