2. Economics Jaguar’dy VocabMore Vocab True or False MiscResources 100 200 300 400 500 100100100100 200200200200 300300300300 400400400400 500500500500 Final Jeopardy

3. 100 pt. Question from Category 1 Items that people make and use

4. 100 pt. Answer from Category 1 goods

5. 200 pt. Question from Category 1 Things people do for others

6. 200 pt. Answer from Category 1 services

7. 300 pt. Question from Category 1 Amount of a product that is available

8. 300 pt. Answer from Category 1 supply

9. 400 pt. Question from Category 1 Setting money aside each week or each pay period for wanted items, retirement or emergencies

10. 400 pt. Answer from Category 1 Savings account

11. 500 pt. Question from Category 1 Economic system of the U.S. in which people can trade with each other at any time or in any way they both agree

12. 500 pt. Answer from Category 1 Free market economy

13. 100 pt. Question from Category 2 A plan for how much money will be spent on each type of item that a person must buy

14. 100 pt. Answer from Category 2 budget

15. 200 pt. Question from Category 2 Payments earned by households for selling or renting their productive resources

16. 200 pt. Answer from Category 2 income

17. 300 pt. Question from Category 2 Funds raised by the government through taxing and borrowing

18. 300 pt. Answer from Category 2 Government revenue

19. 400 pt. Question from Category 2 Provides goods and services for what consumers want or need at a price consumers will pay

20. 400 pt. Answer from Category 2 Private business

21. 500 pt. Question from Category 2 Spend their income for goods and services. They also sell their resources to businesses (like labor).

22. 500 pt. Answer from Category 2 households

23. 100 pt. Question from Category 3 Opportunity cost is what must be given up in order to get something else.

24. 100 pt. Answer from Category 3 true

25. 200 pt. Question from Category 3 Imports are products sold from the U.S. to other countries.

26. 200 pt. Answer from Category 3 False Exports are products sold from (EXIT) the U.S. to other countries.

27. 300 pt. Question from Category 3 Producers are people who use up goods

28. 300 pt. Answer from Category 3 False They are people who make goods.

29. 400 pt. Question from Category 3 Private businesses drive the U.S. economy.

30. 400 pt. Answer from Category 3 true

31. 500 pt. Question from Category 3 Businesses charge less money for things when the supply is limited and the demand is high.

32. 500 pt. Answer from Category 3 False Businesses usually charge more for things when supply is limited and the demand is high.

33. 100 pt. Question from Category 4 Goods and services provided by the government

34. 100 pt. Answer from Category 4 Government spending

35. 200 pt. Question from Category 4 Good that one country sells to another country

36. 200 pt. Answer from Category 4 exports

37. 300 pt. Question from Category 4 Industry involved with conducting financial transactions

38. 300 pt. Answer from Category 4 banking

39. 400 pt. Question from Category 4 The amount of money people pay for buying a good or service

40. 400 pt. Answer from Category 4 price

41. 500 pt. Question from Category 4 Four main sectors of the U.S. economy

42. 500 pt. Answer from Category 4 Households Private businesses Banks Government

43. 100 pt. Question from Category 5 _________ resources are the people that work to produce goods or to provide services

44. 100 pt. Answer from Category 5 Human Resources

45. 200 pt. Question from Category 5 Money or other things used to make goods or perform services are ________ resources.

46. 200 pt. Answer from Category 5 Capital Resources

47. 300 pt. Question from Category 5 Which of the following is a human resource? Trees Lumber Logger Chainsaw

48. 300 pt. Answer from Category 5 Logger A worker who cuts trees (logs) is a human resource.

49. 400 pt. Question from Category 5 Which of the following is a natural resource? Trees Lumber Chainsaw Logger

50. 400 pt. Answer from Category 5 Trees

51. 500 pt. Question from Category 5 Which of the following are capital resources? Trees Lumber Logger Chainsaw

52. 500 pt. Answer from Category 5 Lumber Chainsaw

53. Why did the U.S. sign a trade agreement with the two other countries in North America? FINAL JAGUAR’DY

54. FINAL JAGUAR’DY ANSWER Trade agreements or eliminated taxes on goods bought and sold between countries. This is done to increase business between countries.