1. 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?
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Final Jeopardy

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©Norman Herr, 2003

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

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

5. 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?

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

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

8. 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?

9. 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?

10. 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?

11. 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?

12. 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?

13. 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?

14. 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)?

15. 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)?

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

17. 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?

18. 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?

19. 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. In other words, economics is the study of scarcity and choice regarding this scarcity.
In the form of a question, define three out of these six terms underlined in the definition above.