2. Jeopardy Resources 1 Goods & Services Misc. 1 Misc. 2 Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final Jeopardy Resources 2

3. $100 Question What type of resource is a worker in a factory?

4. $100 Answer A worker in a factory is a Human Resource.

5. $200 Question What type of resource is a tree?

6. $200 Answer A tree is a Natural Resource.

7. $300 Question What type of resource is Mr. Cookie Baker?

8. $300 Answer Mr. Cookie baker is a Human Resource.

9. $400 Question What type of resource is a pizza oven?

10. $400 Answer A pizza oven is a Capital Resource.

11. $500 Question Which type of resource is a dump truck?

12. $500 Answer A dump truck is a Capital Resource.

13. $100 Question What type of resources are money, tools, and equipment?

14. Money, tools, and equipment are Capital Resources. $100 Answer

15. $200 Question What type of resource was Mr. Cookie Baker’s Oven?

16. $200 Answer Mr. Cookie Baker’s oven was a Capital Resource.

17. $300 Question What are important capital resources of a farmer?

18. $300 Answer Capital resources of a farmer are the farm equipment.

19. $400 Question What type of resource was Mr. Cookie Baker?

20. $400 Answer Mr. Cookie Baker was a Human Resource.

21. $500 Question What Natural Resources are important for the farmer?

22. $500 Answer The Farmer’s Natural Resources that are important to him are soil and water.

23. $100 Question Is a teacher a good or does a teacher provide a service?

24. $100 Answer A teacher provides a service.

25. $200 Question Is a computer a good or a service?

26. $200 Answer A computer is a good.

27. $300 Question Is a house a good or a service?

28. $300 Answer A house is a good.

29. $400 Question Is a nurse a good or does a nurse provide a service?

30. $400 Answer A nurse provides a service.

31. $500 Question Is an artist and the painting a good or a service?

32. $500 Answer The artist provides a service, and the painting is a good.

33. $100 Question Amanda wants to buy one of these three things: a shirt, boots, and pants. Her first choice is the boots. Her second choice is pants and the third is the shirt. What is her opportunity cost?

34. $100 Answer Pants.

35. $200 Question What is the other word used for trade?

36. $200 Answer Barter

37. $300 Question Mr. Jones uses a push mower to mow his grass. He decides to buy a riding mower to help him mow faster. The riding mower helps him increase his Increase? A.Human Resources B.Demand C.Productivity D.Natural Resources

38. $300 Answer C. Productivity

39. $400 Question What is Profit?

40. $400 Answer Money made after all the bills are paid

41. $500 Question Mindy baked cupcakes. She traded 7 cupcakes to Billy for two of his cars. What is true about this trade? A.Mindy gained but Billy lost B.Billy gained but Mindy lost C.Both Mindy and Billy gained D.Both Mindy and Billy lost

42. $500 Answer B. Billy gained by Mindy lost

43. $100 Question There is not enough new Extra bouncy balls at Walmart for the people who want to purchase them. What is this called?

44. $100 Answer When there is not enough of something it is called a scarcity.

45. $200 Question I want both the dress and shoes. I only purchase the dress. What do you call the shoes?

46. $200 Answer The shoes are my opportunity cost.

47. $300 Question What do you call a person who makes a good?

48. $300 Answer A person who makes a good is a producer.

49. $400 Question What do you call a person who buys goods in a store?

50. $400 Answer A person who buys goods at a store is a consumer.

51. $500 Question What are workers who make a good?

52. $500 Answer Workers who make goods are called producers.

53. Final Jeopardy Explain the difference between a need and a want.

54. Final Jeopardy Answer A need is something you must have in order to survive. A want is something you would really like to have, but you will live without it.