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Instructions for using this template. Remember this is Jeopardy, so where I have written “Answer” this is the prompt the students will see, and where.

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Presentation on theme: "Instructions for using this template. Remember this is Jeopardy, so where I have written “Answer” this is the prompt the students will see, and where."— Presentation transcript:

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2 Instructions for using this template. Remember this is Jeopardy, so where I have written “Answer” this is the prompt the students will see, and where I have “Question” should be the student’s response. To enter your questions and answers, click once on the text on the slide, then highlight and just type over what’s there to replace it. If you hit Delete or Backspace, it sometimes makes the text box disappear. When clicking on the slide to move to the next appropriate slide, be sure you see the hand, not the arrow. (If you put your cursor over a text box, it will be an arrow and WILL NOT take you to the right location.)

3 Choose a category. You will be given the answer. You must give the correct question. Click to begin.

4 Click here for Final Jeopardy

5 Exchange Rate Trade Barriers Previous 10 Point 20 Points 30 Points 40 Points 50 Points 10 Point 20 Points 30 Points 40 Points 50 Points 30 Points 40 Points 50 Points Free Trade Balance of Payments other

6 A balance of trade deficit is when? a.The US export more than it imports b. The US imports more than it exports c. US currency buys less foreign goods d. Balance of payments are balanced

7 A balance of trade deficit is when? a. The US export more than it imports b. The US imports more than it exports c. US currency buys less foreign goods d. Balance of payments are balanced

8 The Balance of payments includes all but a.Capital goods b.Current accounts c.Balance of trade d.Embargos

9 The Balance of payments includes all but a. Capital goods b. Current accounts c. Balance of trade d. Embargos

10 Protectionist would not use this in an argument a. Protecting against high prices b. Protecting jobs c. Protecting national security d. Protecting infant industries

11 Protectionist would not use this in an argument a. Protecting against high prices b. Protecting jobs c. Protecting national security d. Protecting infant industries

12 If you can produce something at less cost than someone else, you have a a. comparative advantage b. balance of payments c. absolute advantage d. balance of trade

13 If you can produce something at less cost than someone, else you have a a. comparative advantage comparative advantage b. balance of payments balance of payments c. absolute advantage absolute advantage d. balance of trade balance of trade

14 Even when you can make more items for less, you allow others to make some things, this is known as? a. comparative advantage b. balance of payments c. absolute advantage d. balance of trade

15 Even when you can make more items for less, you allow others to make some Things, this is known as? a. comparative advantage comparative advantage b. balance of payments balance of payments c. absolute advantage absolute advantage d. balance of trade balance of trade

16 If the US dollar goes up against the Japanese yen, who is hurt? a. US tourist in Japan b. Japanese tourist in the US c. US business importing Japanese goods d. Japanese business in the US

17 If the US dollar goes up against the Japanese yen, who is hurt? a. US tourist in Japan US tourist in Japan b. Japanese tourist in the US Japanese tourist in the US c. US business importing Japanese goods US business importing Japanese goods d. Japanese business in the US Japanese business in the US

18 Measuring US currency against Russia’s currency is known as a. trade deficit b. balance of trade c. exchange rate d. disposable income

19 Measuring US currency against Russia’s currency is known as a. trade deficit trade deficit b. balance of trade balance of trade c. exchange rate exchange rate d. disposable income disposable income

20 If you were planning a trip to Iceland, where would you find the most current exchange rate? a. Internet b. News paper c. Foreign embassy d. Yellow pages

21 If you were planning a trip to Iceland, where would you find the most current exchange rate? a. Internet b. News paper c. Foreign embassy d. Yellow pages

22 When the government gives their exporting car company money it is a? a. quota b. tariff c. standard d. subsidy

23 When the government gives their exporting car company money it is a? a. quota b. tariff c. standard d. subsidy

24 How much would you receive if you wanted to change $100.00 US to British pounds? British US in in US British Dollars Pounds.664 1.509 a 33 British pounds b 66 British pounds c 100 British pounds d 150 British pounds

25 How much would you receive if you wanted to change $100.00 US to British pounds? British US in in US British Dollars Pounds.664 1.509 a 33 British pounds b 66 British pounds c 100 British pounds d 150 British pounds

26 Free trade proponents would not use which argument? a. US job security b. restrictions hurt exports c. specialization lowers prices d. competition improves products

27 Free trade proponents would not use which argument? a. US job security b. restrictions hurt exports restrictions hurt exports c. specialization lowers prices specialization lowers prices d. competition improves products competition improves products

28 All the following are trade organizations except? a. EU b. WWF c. NAFTA d. ASEAN

29 ASEAN All the following are trade organizations except? a. EU EU b. WWF WWF c. NAFTA NAFTA d. ASEAN ASEAN

30 The US withholds normal trade relations from? a. Iraq b. Mexico c. Allied Nations d. Terrorist Nations

31 The US withholds normal trade relations from? a. Iraq Iraq b. Mexico Mexico c. Allied Nations Allied Nations d. Terrorist Nations Terrorist Nations

32 What was the impact of NAFTA on the US? a. less trade b. loss of low skilled jobs c. loss of high tech jobs d. Canadians moved south

33 What was the impact of NAFTA on the US? a. less trade b. loss of low skilled jobs c. loss of high tech jobs d. Canadians moved south

34 National security is one of the strongest arguments for? a. free trade b. protectionism c. tariffs d. standards

35 National security is one of the strongest arguments for? a. free trade free trade b. protectionism protectionism c. tariffs tariffs d. standards standards

36 A tariff is a a. limit on the number of imports b. government help to exporters c. tax on imports d. tax on exports

37 A tariff is a a. limit on the number of imports b. government help to exporters c. tax on imports d. tax on exports

38 A tariff on foreign shoes represents a. embargo b. subsidy c. deficit d. trade barrier

39 A tariff on foreign shoes represents a. embargo b. subsidy c. deficit d. trade barrier

40 A union member would most likely support a. free trade b. protectionism c. NAFTA d. Sarah Palin for President

41 A union member would most likely support a. free trade free trade b. protectionism protectionism c. NAFTA NAFTA d. Sarah Palin for President Sarah Palin for President

42 The US does not buy sugar from Cuba, because a.tariff b.quota c.embargo d.poor quality sugar

43 The US does not buy sugar from Cuba, because a.Tariff b. Quota c. Embargo d. poor quality sugar

44 What type trade barrier restricts Chinese cars from entering the US? a. tariff b. quota c.standard d. subsidy

45 What type trade barrier restricts Chinese cars from entering the US? a. tariff b. quota c. standard d. subsidy

46 In a pure market economy, who does the construction projects? a. the government b. nearest city c. private enterprise d. it doesn’t get built

47 In a pure market economy, who does the construction projects? a. the government b. nearest city c. private enterprise d. it doesn’t get built

48 Which term is associated with oligopoly? a.interdependent b.differentiation c.central planning committee d. monopolistic

49 Which term is associated with oligopoly? a. interdependent b. differentiation c. central planning committee d. monopolistic 2e

50 In the GDP (C+I+G+Nx), houses are counted as? a.Consumption b.Investment c.Government d.Net Exports 3e

51 In the GDP (C+I+G+Nx), houses are counted as? a. Consumption b. Investment c. Government d. Net Exports 3e

52 The Fed’s #1 tool for controlling the money supply is? a. discount rate b. federal funds rate c. reserve requirement d. open market operations

53 Question The Fed’s #1 tool for controlling the money supply is? a.discount rate b. federal funds rate c. reserve requirement d. open market operations 4e

54 What measures changes in price? a.consumer price index (CPI) b.federal reserve c.gross domestic product (GDP) d. comparative advantage

55 What measures changes in price? a. consumer price index (CPI) b. federal reserve c. gross domestic product (GDP) d. comparative advantage

56 Make your wager

57 Final Answer

58 Final Question

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