2. © Mark E. Damon - All Rights Reserved

3. Directions: Scroll through the presentation and enter the answers (which are really the questions) and the questions (which are really the answers). Enter in the categories on the main game boards. As you play the game, click on the TEXT DOLLAR AMOUNT that the contestant calls, not the surrounding box. When they have given a question, click again anywhere on the screen to see the correct question. Keep track of which questions have already been picked by printing out the game board screen and checking off as you go. Click on the “Game” box to return to the main scoreboard. Enter the score into the black box on each players podium. Continue until all clues are given. When finished, DO NOT save the game. This will overwrite the program with the scores and data you enter. You MAY save it as a different name, but keep this file untouched!

4. © Mark E. Damon - All Rights Reserved Round 1Round 2 Final Jeopardy

5. © Mark E. Damon - All Rights Reserved Entre. Terms Entre. Terms Needs & Wants Supply & Demand Misc. $100 $200 $300 $400 $500 Round 2 Final Jeopardy Scores Economic Decisions

6. © Mark E. Damon - All Rights Reserved $100 The point at which supply and demand meet

7. © Mark E. Damon - All Rights Reserved $100 What is equilibrium price and quantity? Scores

8. © Mark E. Damon - All Rights Reserved $200 Measures the disadvantages of producing one additional unit of a good or service

9. © Mark E. Damon - All Rights Reserved $200 What is a marginal cost? Scores

10. © Mark E. Damon - All Rights Reserved $300 Costs that go up and down depending on the quantity of the good or service produced

11. © Mark E. Damon - All Rights Reserved $300 What are variable costs? Scores

12. © Mark E. Damon - All Rights Reserved $400 An individual’s need or desire for a product or service at a given price

13. © Mark E. Damon - All Rights Reserved $400 What is demand? Scores

14. © Mark E. Damon - All Rights Reserved $500 Private ownership of resources by individuals

15. © Mark E. Damon - All Rights Reserved $500 What is capitalism? Scores

16. © Mark E. Damon - All Rights Reserved $100 Things that you think you must have in order to be satisfied is known as this

17. © Mark E. Damon - All Rights Reserved $100 What are wants? Scores

18. © Mark E. Damon - All Rights Reserved $200 The means through which goods and services are produced

19. © Mark E. Damon - All Rights Reserved $200 What are economic resources? Scores

20. © Mark E. Damon - All Rights Reserved $300 This occurs when people’s needs and wants are unlimited and resources are limited

21. © Mark E. Damon - All Rights Reserved $300 What is scarcity? Scores

22. © Mark E. Damon - All Rights Reserved

23. $400 The process of choosing which wants you will satisfy using the resources you have is known as this

24. © Mark E. Damon - All Rights Reserved $400 What is a economic decision making? Scores

25. © Mark E. Damon - All Rights Reserved $500 The value of the next best alternative – the one you must pass up

26. © Mark E. Damon - All Rights Reserved $500 What is opportunity cost? Scores

27. © Mark E. Damon - All Rights Reserved $100 There are this many questions every economy must answer

28. © Mark E. Damon - All Rights Reserved $100 What is 3 questions? Scores

29. © Mark E. Damon - All Rights Reserved $200 How much of a good or service a producer is willing to produce at different prices is commonly known as this

30. © Mark E. Damon - All Rights Reserved $200 What is supply? Scores

31. © Mark E. Damon - All Rights Reserved $300 Honda, Dodge-Chrysler, and Ford Motor Company operate under this type of market structure

32. © Mark E. Damon - All Rights Reserved $300 What is oligopoly? Scores

33. © Mark E. Damon - All Rights Reserved $400 Product, Price, Place (Distribution), and Promotion are the four elements of this term

34. © Mark E. Damon - All Rights Reserved $400 What is the marketing mix? Scores

35. © Mark E. Damon - All Rights Reserved $500 Rent, salaries, and insurance are examples of these kind of costs incurred by a business

36. © Mark E. Damon - All Rights Reserved $500 What is fixed costs? Scores

37. © Mark E. Damon - All Rights Reserved $100 Countries like the Soviet Union used to have this type of economy

38. © Mark E. Damon - All Rights Reserved $100 What is a command economy? Scores

39. © Mark E. Damon - All Rights Reserved $200 Individuals who prepare for and enter any occupation of their choice are said to be in this type of system

40. © Mark E. Damon - All Rights Reserved $200 What is a free enterprise system? Scores

41. © Mark E. Damon - All Rights Reserved $300 This is an interchangeable term for a free enterprise system

42. © Mark E. Damon - All Rights Reserved $300 What is capitalism? Scores

43. © Mark E. Damon - All Rights Reserved $400 Cars, name brand clothing, and housing are examples of this specific type of want

44. © Mark E. Damon - All Rights Reserved $400 What is an economic want? Scores

45. © Mark E. Damon - All Rights Reserved $500 This terms reflects a change in price creates a change in demand

46. © Mark E. Damon - All Rights Reserved $500 What is elastic demand? Scores

47. © Mark E. Damon - All Rights Reserved $100 A nation’s plan for answering the key economic questions is known as this

48. © Mark E. Damon - All Rights Reserved $100 What is an economic system? Scores

49. © Mark E. Damon - All Rights Reserved $200 When change in price creates little change in demand it is known as this

50. © Mark E. Damon - All Rights Reserved $200 What is inelastic demand? Scores

51. © Mark E. Damon - All Rights Reserved $300 This economic system is found in countries with democratic governments

52. © Mark E. Damon - All Rights Reserved $300 What is a market economy? Scores

53. © Mark E. Damon - All Rights Reserved $400 This measures the advantages of producing one additional unit of a good or service

54. © Mark E. Damon - All Rights Reserved $400 What is marginal benefit? Scores

55. © Mark E. Damon - All Rights Reserved $500 Entrepreneurs are considered this type of resource

56. © Mark E. Damon - All Rights Reserved $500 What is human resource? Scores

57. © Mark E. Damon - All Rights Reserved $100 Land, water, diamonds, gold are examples of this kind of resource

58. © Mark E. Damon - All Rights Reserved $100 What are natural resources? Scores

59. © Mark E. Damon - All Rights Reserved $200 Money best fits this type of economic resource

60. © Mark E. Damon - All Rights Reserved $200 What is a capital resource? Scores

61. © Mark E. Damon - All Rights Reserved $300 These two groups affect price

62. © Mark E. Damon - All Rights Reserved $300 Who are consumers and producers? Scores

63. © Mark E. Damon - All Rights Reserved $400 Private property, freedom of choice, profit, and competition are considered this

64. © Mark E. Damon - All Rights Reserved $400 What is the four basic principles of the U.S. economic system? Scores

65. © Mark E. Damon - All Rights Reserved $500 Production, marketing, management and finance describe this in business

66. © Mark E. Damon - All Rights Reserved $500 What is the four functions of business? Scores

67. © Mark E. Damon - All Rights Reserved Scores Scarcity Question Final Jeopardy Question

68. © Mark E. Damon - All Rights Reserved What steps do entrepreneurs need to take in the world of business and in society due to the problem of scarcity?

69. © Mark E. Damon - All Rights Reserved Scores Answers may vary Utilizing economic resources to determine how, when, and what to produce of a good or service (economic decision making)