2. $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

3. Economic Systems

4. Economic Decision Making

5. The Business Cycle

6. Free Enterprise Capitalism

7. Vocabulary

8. Economic Decision Making Free Enterprise Capitalism
Systems
The Business
Cycle
Vocabulary $
$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

9. C 1 - $100
Which group of people ultimately determines the products a free enterprise economy produces

10. C 1 - $200
The government makes all major economic decisions in this type of economic system

11. Which economic system can change direction quickly and drastically

12. Which economic system does not provide for everyone’s basic needs

13. is usually centered on meeting people’s
Which economic system
is usually centered on meeting people’s
basic needs

14. C 2 - $100
The first step
in the decision
making process

15. When you give up something to have something else, you are making this
C 2 - $200
When you give
up something to have
something else,
you are making this

16. The value of the next best alternative that you were
C 2 - $300
The value of the
next best alternative
that you were
not able to choose.

17. The process of choosing
which needs and wants
will be satisfied.

18. time is which step in the decision making process?
Selecting the choice that you believe will be the best for you at this particular
time is which step in the decision making process?

19. C 3 - $100
This phase occurs
at the peak of
the business cycle

20. slows for at least ___ quarters the economy
If GDP growth
slows for at least ___ quarters the economy
is in a recession

21. Phase with high unemployment, business failures and GDP falls rapidly
C 3 - $300
Phase with high unemployment, business failures and GDP falls rapidly

22. The phase in which unemployment begins to decrease, demand for goods
and services increases, and
GDP begins to rise again.

23. C 3 - $500
A recession often affects some groups of workers in related businesses. What is this drop is called?

24. C 4 - $100
This refers to people being free to choose their occupation, employer and job location.

25. Incentive for people and firms to improve their financial well-being

26. C 4 - $300
Buyers and sellers may engage freely and willingly in market transactions

27. The struggle among sellers to attract customers

28. Allowing people to own and control their own possessions as they wish

29. C 5 - $100
Not having enough
resources to satisfy
every need

30. C 5 - $200
The point where
supply and demand
are equal

31. C 5 - $300
The dollar value of all final goods, services, and structures produced within a country’s boarders in a single year

32. The portion of people in the labor force who are not working

33. C 5 - $500
A certificate representing a promise to pay a definite amount of money at a stated interest rate on a specified due date

34. C 1 A - $100
consumers $

35. C 1 A - $200
Command
Economy $

36. C 1 A - $300
Command
Economy $

37. C 1 A - $400
Market Economy $

38. C 1 A - $500
Traditional
Economy $

39. C 2 A - $100
Step 1
Define the Problem $

40. C 2 A - $200
Trade-Off $

41. C 2 A - $300
Opportunity Cost $

42. C 2 A - $400
Economic Decision
Making $

43. C 2 A - $500
Step 4
Choose the
Best Alternative $

44. C 3 A - $100
Prosperity $

45. C 3 A - $200
2 quarters
or 6 months $

46. C 3 A - $300
Depression $

47. C 3 A - $400
Recovery $

48. C 3 A - $500
The Ripple Effect $

49. C 4 A - $100
Economic
Freedom
                                              $

50. C 4 A - $200
Profit Motive $

51. C 4 A - $300
Voluntary Exchange $

52. C 4 A - $400
Competition $

53. C 4 A - $500
Private Property
Rights $

54. C 5 A - $100
Scarcity $

55. C 5 A - $200
Market Price $

56. C 5 A - $300
Gross Domestic
Product (GDP) $

57. C 5 A - $400
Unemployment
Rate $

58. C 5 A - $500
Bond $

60. FJ Topic
Interest
Rates $

61. The interst rate banks charge their best Business customers $
FJ Question
The interst rate banks
charge their best
Business customers $

62. FJ Ans
The Prime
Rate $

63. END OF GAME