Instructions To use this template: –for each slide write the correct answer on the orange bar first –choose which option (A,B,C or D) and make sure you write the letter on the orange bar in place of the question mark –Now drag the orange bar on top of the correct option so it sits exactly over the top - now when you click through the onscreen animation, the correct answer will appear to be illuminated –View the next slide to see how it should look

$1,000,000 Example of how it looks when complete, click on-screen show to view the animations B - correct answer A - answer C - answer D - answer B - correct answer

Who wants to be a Millionaire? Hosted by Your Teacher

Confident?

The Prizes 1 - $ $ $ $1, $2, $4, $8, $16, $32, $64, $125, $250, $500, $1,000,000

Lifelines “Phone a friend” Ask the audience

$100 In a command economy, resources and businesses are owned and controlled B – by other countries A – by the public C - privately D – by the government

$200 A shortage of resources is called B - limitation A - threat C - scarcity D - reduction C – scarcity

$500 In a market economy, resources are B – privately owned A - plentiful C - shared D - scarce B – privately owned

$1,000 Scarcity occurs when B – needs exceed wants A – demand exceeds supply C – distribution breaks down D – conservation is high A – demand exceeds supply

$2,000 The amount of goods and services that producers will provide at various prices B - economics A – labor resources C - supply D – market supplies C - supply

$4,000 The amount of money given or asked for when goods and services are bought or sold B - supply A - demand C - scarcity D - price

$8,000 The study of how individuals and groups of individuals strive to satisfy their needs and wants B - economics A - demand C - entrepreneurship D – command economy B - economics

$16,000 People who make the goods and services for which they are paid B - entrepreneur A – labor resources C - government D – economy workers A – labor resources

$32,000 Things used to produce goods and services B – capital resources A - economics C – natural resources D – labor resources B – capital resources

$64,000 Most nations have a B – pure command economy A – pure market economy C – mixed economy D - moderate economy C – mixed economy

$125,000 In a market economy, producers set a price that B – consumers can afford A – consumers are paying C - answer D – the government will allow D – will cover cost and make profit

$250,000 The resource that must adapt to meet society’s changing wants and needs is B - labor A - entrepreneurial C - capital D - natural A - entrepreneurial

$500,000 An economic system in which a central authority makes the key economic decisions B – command economy A – supply and demand C - scarcity D - economics B – command economy

$1,000,000 Highly skilled workers earn the same as low-skilled workers in this economy B – demand economy A – resource economy C – mixed economy D – command economy

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