Academic Raceway 500

Welcome to the Academic Raceway 500 Complete Three Races to Win the Academic Trophy Qualifying Lap Atlanta Motor Speedway Indianapolis 500 Click here to begin. Click here to begin.

Qualifying Lap QUALIFYING LAP Click on the key to start

Pick the right pit stop to win the race. Individuals are free to engage in business transactions Buyers and seller operate according to strict government guidelines A market economy is one in which____________.

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Pick the right pit stop to win the race. Which of the following is NOT one of the three key economic questions? When should the production of goods and services take place? How should goods and services be produced?

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Pick the right pit stop to win the race. The right to own, use and dispose of things of value is the right of___________. Choice Private property

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Pick the right pit stop to win the race. The money left from sales after expenses have been paid. The money a business takes in from its sale. Which of the following is the best definition of profit?

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Pick the right pit stop to win the race. Newspapers that need to fill space Competition in the marketplace Advertisements that are aimed at making consumers want to buy “new” or “improved” products result primarily from ________.

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Congratulations! You’ve Qualified! Click here to go to your first race.

Atlanta Motor Speedway Click on the key to start

Pick the right pit stop to win the race. Enter a business under strict government regulations. Select the career you want. Freedom of choice allows you to do which of the following?

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Pick the right pit stop to win the race. A weekend skiing trip, a summer home, and a new HDTV are all examples of ___________. Wants Scarcity

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Pick the right pit stop to win the race. Some of our wants are satisfied through the efforts of other people. These are called_____? Resources Services

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Pick the right pit stop to win the race. Natural Resource Labor The iron ore used in making steel for engine components is an example of __________?

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Pick the right pit stop to win the race. Factors of production Economic Choices When you must choose between two alternatives that will satisfy you, you are making _________

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Congratulations! You’ve Completed the First Race! Click here to go to your final race to win the Academic Cup.

Indianapolis 500 INDIANAPOLIS 500 Click on the key to start

Pick the right pit stop to win the race. Marketplace TV Show A place where buyers and sellers exchange goods and services for some form of money is called the __________.

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Pick the right pit stop to win the race. The four features of a Market Economy are private property, profit, freedom of choice, and ____________. Competition Scarcity

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Pick the right pit stop to win the race. ________ decision making is when you choose which wants you will satisfy. Market Economic

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Pick the right pit stop to win the race. False True In a system of capitalism, the government decides what will be produced with the resources available?

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Pick the right pit stop to win the race. True False Our country’s economic system is pure capitalism which no government intervention is in the maketplace?

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Congratulations! You’ve Won the Trophy! THE WINNER’S CIRCLE