Let’s Play Jeopardy

Countries and Continents Unit Nine Jeopardy Economic Systems Countries and Continents Trade Barriers Factors Effecting GDP GDP and Beyond! 100 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500

What type of economic system will not be found in Latin America? See Answer

Economic System 100 A Mixed Economy Market Economy Traditional Economy Command Economy Score board

Economic System 200 There are three questions each economic system must answer, which is one they do not have to answer? Answer

Economic System 200 A How to produce? What to produce? For whom to produce? Why should we produce?

Economic System 300 In what type of economic system do individual choices direct economic choices? Answer

Economic System 300A Market Economy Command Economy Mixed Economy Market Economy Command Economy Traditional Economy

Economic System 400 In what economic system is there a combination of different types of economies and is in Latin America? Answer

Mixed Economy Economic System 400A Market Economy Command Economy Traditional Economy

Economic System 500 In a mixed economy that is mostly a market economy who makes economic decisions? Answer

A. Business Owners B. The Monarch C. Citizens D. Prime Minister Economic System 500A A. Business Owners B. The Monarch C. Citizens D. Prime Minister

Countries and Continents 100 What type of economic systems are communist countries closest to? Answer

Countries and Continents 100A A. Mixed Economy B. Market Economy C. Command Economy D. Traditional Economy

Countries and Continents 200 In which country you’ve studied, would the many government regulations make it harder to start a business? Answer

Countries and Continents 200A Canada Mexico Brazil Cuba

Countries and Continents 300 In which country you’ve studied, would the fewer government regulations make it easier to start a business? Answer

Countries and Continents 300 A Venezuela Canada Brazil Cuba

Countries and Continents 400 What is the currency used in the majority of the European Union?   Answer

Countries and Continents 400A A. Ruble B. Dollar C. Pound D. Euro

Countries and Continents 500 How was economic growth promoted and trading made easier in Mexico? Answer

Countries and Continents 500 A Having the same constitution as Panama Switching to a single currency Signing the NAFTA treaty Decreasing the literacy rate

How many different types of trade barriers are there? Answer

Trade Barriers 100A 4 3 2 1

Trade Barriers 200 Mexico does not allow the United States to import oil into Mexico. What type of trade barrier is this? Answer

Trade Barriers 200A Voluntary Exchange Embargo Tariff Quota

Trade Barriers 300 This type of trade barrier involves a limit on goods brought into a country. Answer

Trade Barriers 300A Quota Tariff Embargo Voluntary Exchange

made games. This is an example of what kind of trade barrier? Trade Barriers 400 A 20% tax on Japanese video games makes them more expensive than Mexican made games. This is an example of what kind of trade barrier? Answer

Trade Barriers 400A Quota Tariff Embargo Voluntary Exchange

Trade Barriers 500 What is a barrier that countries must deal with when exchanging currency? Answer

Trade Barriers 500A It costs more to trade because banks charge a fee for currency exchanges. It is difficult to communicate People make more money trading currency Most people will accept American dollars for trade.

How can a country invest in human capital/resources? Factors Effecting GDP 100 How can a country invest in human capital/resources? Answer

Factors Effecting GDP 100A Roads Tools Education Factories

Factors Effecting GDP 200 If a country has workers who are uneducated, not skilled and unhealthy. What should the country do? Answer

Factors Effecting GDP 200A Invest in Human Capital/ Resources Invest in Physical capital/ resources Invest in natural resources Invest in regulating industry

What is an example of investing in physical capital/resources? Factors Effecting GDP 300 What is an example of investing in physical capital/resources? Answer

Factors Effecting GDP 300A Going to night school Constructing a new school building Keeping old arcade games Not providing healthcare

Factors Effecting GDP 400 To raise the Gross Domestic Product (GDP), countries must invest in what? Answer

Factors Effecting GDP 400 A A. Quotas B. Trade Barriers C. Standard of living D. Physical and Human capital

How do entrepreneurs help increase a countries GDP? Factors Effecting GDP 500 How do entrepreneurs help increase a countries GDP? Answer

Factors Effecting GDP 500A A. Work to increase unemployment B. Create businesses and jobs C. They write laws to protect business D. They provide ideas to make businesses fail

GDP and Beyond! 100 What is the total value of goods and services produced in a country annually, known as? Answer

Gross Domestic Product Human Capital GDP and Beyond! 100A Standard of Living Literacy Rate Gross Domestic Product Human Capital

How are natural resources important in Latin America? GDP and Beyond! 200 How are natural resources important in Latin America? Answer

GDP and Beyond! 200A They consist mainly of minerals, fruits, and oil. B. Are used wisely because of new environmental policies. C. Always show whether a country will be successful. D. Are one factor that can help determine a nation’s wealth.

How does the literacy rate affect a country’s development? GDP and Beyond! 300 How does the literacy rate affect a country’s development? Answer

GDP and Beyond! 300A A. It doesn’t affect a county’s development. B. Highly developed countries have low literacy rate. C. Low literacy rates boost overall development. D. The higher the literacy rate the more developed a country is.

GDP and Beyond! 400 If a Latin American country chooses to stop producing blue jeans and produce more tires this is an example of… Answer

GDP and Beyond! 400A Entrepreneurship International Trade Specialization Voluntary Trade

GDP and Beyond! 500 A literate person in a developed country is likely to have everything except… Answer

GDP and Beyond! 500A A. Good healthcare B. Excellent technology C. A high-paying job D. Poor education

Tiebreaker # 1 1. Why is Brazil closer to a command economy than Canada?

Tiebreaker # 2 2. Who and why were they against the NAFTA treaty?

Tiebreaker # 3 3. Explain how the literacy rate affects the Gross Domestic Product?

Scoreboard Team 1 Team 2 Team 3 Team 4 Team 5

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