1. What is one way to invest money?
Bell Question
What is one way to invest money?

2. Economics Final Part I Mr. Hackney
Jeopardy!
Economics Final Part I
Mr. Hackney

3. A B C D
10 pts
10 pts
10 pts
10 pts
20 pts
20 pts
20 pts
20 pts
30 pts
30 pts
30 pts
30 pts
40 pts
40 pts
40 pts
40 pts
50 pts
50 pts
50 pts
50 pts

4. Question 1 Choices, or to weigh competing interests.
Scarcity forces people, businesses, and countries to make these.
Check Answer

5. Question 2
Scarcity
Wants and needs are more than the resources available to satisfy them.
Check Answer

6. Question 3 Opportunity cost
If someone chooses a hamburger over a hot dog, the hot dog is this.
Check Answer

7. Question 4 Ties, then shirts.
Anna and Maria can get the most gains if Anna produces this and Maria produces this.
Check Answer

8. Question 5 Price will increase
During times of high demand for gasoline during holidays, this will happen to the price of gallon of gas.
Check Answer

9. Question 6 Minimum wage earners need to cover the cost of living.
What would be the argument a supporter for a larger minimum wage would make?
Check Answer

10. Question 7 Surplus, deficit
When government has more revenue than spending they have a , when it has more spending than revenue, they have a .
Check Answer

11. Question 8
Income taxes
This is the main source of funding for the federal government.
Check Answer

12. Question 9 Property taxes
This is the largest source of local revenue outside state and federal government money.
Check Answer

13. Question 10
Medicaid
This program provides free health-care to low-income and disabled people.
Check Answer

14. Question 11 Same amount of money will buy fewer goods and services.
This is what inflation does to people’s purchasing power.
Check Answer

15. Question 12
Stagflation
When prices and unemployment both rise at the same time.
Check Answer

16. Question 13 A
What letter on the graph shows a recession or downturn in the economy?
Check Answer

17. Question 14 E
Which letter shows an increase in employment, profits, and production in the economy?
Check Answer

18. Question 15 The Great Depression
What event in U.S. history is the most famous example of economic contraction?
Check Answer

19. Question 16 Structural unemployment
What serious type of unemployment happens when the operations of the economy changes and new skills are needed by employees?
Check Answer

20. Question 17 Frictional unemployment
What type of unemployment is caused by workers who are between jobs for one reason or another?
Check Answer

21. Question 18 Cyclical unemployment
What type of unemployment is directly related to swings in the business cycle?
Check Answer

22. Question 19 Seasonal unemployment
What type of unemployment results from changes in the weather or changes in demand for certain products?
Check Answer

23. Question 20 Human resources and payments.
In the circular flow model, what travels from households to businesses?
Check Answer