© Mark E. Damon - All Rights Reserved Another Presentation © 2013- All rights Reserved.

© Mark E. Damon - All Rights Reserved 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!

© Mark E. Damon - All Rights Reserved Econ Vocabulary More Econ Vocabulary Resources More Economic Problems Let’s Advertise! BONUS: Kentucky’s Economy $100 $200 $300 $400 $500 Round 2 Final Jeopardy Scores

© Mark E. Damon - All Rights Reserved $100 The money that someone earns or receives regularly. (a) production (b) human resources (c) income (d) scarcity The money that someone earns or receives regularly. (a) production (b) human resources (c) income (d) scarcity

© Mark E. Damon - All Rights Reserved $200 A person who uses a good or service. (a) producer (b) consumer (c) human resources (d) good A person who uses a good or service. (a) producer (b) consumer (c) human resources (d) good

© Mark E. Damon - All Rights Reserved $300 A need or a desire for a good or service by people willing to pay for it. (a) scarcity (b) demand (c) opportunity cost (d) supply A need or a desire for a good or service by people willing to pay for it. (a) scarcity (b) demand (c) opportunity cost (d) supply

© Mark E. Damon - All Rights Reserved $400 This happens when there is not enough of something you want. (a) scarcity (b) opportunity cost (c) income (d) interdependence This happens when there is not enough of something you want. (a) scarcity (b) opportunity cost (c) income (d) interdependence

© Mark E. Damon - All Rights Reserved $500 An amount of a good that is offered for sale. (a) scarcity (b) demand (c) service (d) supply An amount of a good that is offered for sale. (a) scarcity (b) demand (c) service (d) supply

© Mark E. Damon - All Rights Reserved $100 The best object or thing a person gives up in order to get something else. (a) opportunity cost (b) human resources (c) limited resources (d) demand The best object or thing a person gives up in order to get something else. (a) opportunity cost (b) human resources (c) limited resources (d) demand

© Mark E. Damon - All Rights Reserved $200 People, states, regions, countries, etc. depending on each other for natural resources, goods, and services. (a) specialization (b) interdependence (c) producer (d) consumer People, states, regions, countries, etc. depending on each other for natural resources, goods, and services. (a) specialization (b) interdependence (c) producer (d) consumer

© Mark E. Damon - All Rights Reserved $300 A person who makes a good or provides a service. (a)production (b)consumer (c)producer (d)marketplace A person who makes a good or provides a service. (a)production (b)consumer (c)producer (d)marketplace

$400 To exchange goods without money. (a) income (b) barter (c) service (d) producer To exchange goods without money. (a) income (b) barter (c) service (d) producer

© Mark E. Damon - All Rights Reserved $500 Something (a job or task) people do for other people. (a) a service (b) choices (c) specialization (d) income Something (a job or task) people do for other people. (a) a service (b) choices (c) specialization (d) income

© Mark E. Damon - All Rights Reserved $100 The many things nature provides that we use to satisfy our wants. (a) human resources (b) natural resources (c) capital resources (d) limited resources The many things nature provides that we use to satisfy our wants. (a) human resources (b) natural resources (c) capital resources (d) limited resources

© Mark E. Damon - All Rights Reserved $200 Which of the following is NOT a natural resource? (a) trees (b) water (c) pencils (d) soil Which of the following is NOT a natural resource? (a) trees (b) water (c) pencils (d) soil

© Mark E. Damon - All Rights Reserved $300 Resources found in people, such as their skills and ideas. (a) human resources (b) natural resources (c) capital resources (d) limited resources Resources found in people, such as their skills and ideas. (a) human resources (b) natural resources (c) capital resources (d) limited resources

© Mark E. Damon - All Rights Reserved $400 Which of the following is an example of a capital resource? (a) cashier (b) tomato (c) cook (d) refrigerator Which of the following is an example of a capital resource? (a) cashier (b) tomato (c) cook (d) refrigerator

© Mark E. Damon - All Rights Reserved $500 Man-made physical assets that are used in the production process to make other goods or provide services. (Examples: desks, pens, buildings, machines, etc.) (a) human resources (b) capital resources (c) limited resources (d) natural resources Man-made physical assets that are used in the production process to make other goods or provide services. (Examples: desks, pens, buildings, machines, etc.) (a) human resources (b) capital resources (c) limited resources (d) natural resources

© Mark E. Damon - All Rights Reserved $100 Something people want that you can hold or touch. (a) choices (b) good (c) service (d) production Something people want that you can hold or touch. (a) choices (b) good (c) service (d) production

© Mark E. Damon - All Rights Reserved $200 Where products, goods, and services are sold. (a) Households and Consumers (b) Firms (c) Resource Markets (d) Output Markets Where products, goods, and services are sold. (a) Households and Consumers (b) Firms (c) Resource Markets (d) Output Markets

© Mark E. Damon - All Rights Reserved $300 Which of the following is an example of a producer? (a) Oscar spent his birthday money for a new skateboard. (b) Mr. Burns caught fish to sell in his grocery store. (c) Mrs. Alvarez bought a new car yesterday. (d) The school cafeteria buys its milk from Ross Dairy. Which of the following is an example of a producer? (a) Oscar spent his birthday money for a new skateboard. (b) Mr. Burns caught fish to sell in his grocery store. (c) Mrs. Alvarez bought a new car yesterday. (d) The school cafeteria buys its milk from Ross Dairy.

© Mark E. Damon - All Rights Reserved $400 Putting resources together to make goods or provide services. (a) production (b) scarcity (c) opportunity cost (d)choices Putting resources together to make goods or provide services. (a) production (b) scarcity (c) opportunity cost (d)choices

© Mark E. Damon - All Rights Reserved $500 The division of tasks (every worker does a certain job) associated with the production process. (a) specialization (b) opportunity cost (c) interdependence (d) resources The division of tasks (every worker does a certain job) associated with the production process. (a) specialization (b) opportunity cost (c) interdependence (d) resources

© Mark E. Damon - All Rights Reserved $100 An approach to advertising that attempts to show that one product is better than another product. (a) comparison advertisement (b) testimonial advertisement (c) bandwagon (d) security advertisement An approach to advertising that attempts to show that one product is better than another product. (a) comparison advertisement (b) testimonial advertisement (c) bandwagon (d) security advertisement

© Mark E. Damon - All Rights Reserved $200 An approach to advertising a product where you make consumers feel as though using the product is going to make them feel safer. Examples of this type of advertisement are selling life insurance, Goodyear Tires, and On-Star. (a) comparison advertisement (b) testimonial advertisement (c) bandwagon (d) security advertisement An approach to advertising a product where you make consumers feel as though using the product is going to make them feel safer. Examples of this type of advertisement are selling life insurance, Goodyear Tires, and On-Star. (a) comparison advertisement (b) testimonial advertisement (c) bandwagon (d) security advertisement

© Mark E. Damon - All Rights Reserved $300 An approach to advertising a product where you make consumers believe that everyone is buying the product. This type of advertisement also suggests that NOT to buy the product will somehow put the consumer at a disadvantage. (a) comparison advertisement (b) testimonial advertisement (c) bandwagon (d) security advertisement An approach to advertising a product where you make consumers believe that everyone is buying the product. This type of advertisement also suggests that NOT to buy the product will somehow put the consumer at a disadvantage. (a) comparison advertisement (b) testimonial advertisement (c) bandwagon (d) security advertisement

© Mark E. Damon - All Rights Reserved $400 An approach to advertising a product where people give evidence as to how some product changed their life dramatically. Examples of this type of advertisement are weight loss plans, skin repair creams, and how to make money quickly. (a) comparison advertisement (b) testimonial advertisement (c) bandwagon (d) security advertisement An approach to advertising a product where people give evidence as to how some product changed their life dramatically. Examples of this type of advertisement are weight loss plans, skin repair creams, and how to make money quickly. (a) comparison advertisement (b) testimonial advertisement (c) bandwagon (d) security advertisement

© Mark E. Damon - All Rights Reserved $100 Kentucky’s Economy Kentucky’s economy connects it to the rest of the United States and to the world. It is interdependent on other regions, states, and countries. It specializes in providing certain goods that it can make well with the resources it has, but it does not try to make everything it needs. Therefore, Kentucky must also import certain goods from the rest of the world. A.Identify TWO goods in which Kentucky specializes in the production of and exports to other states and countries. Kentucky’s Economy Kentucky’s economy connects it to the rest of the United States and to the world. It is interdependent on other regions, states, and countries. It specializes in providing certain goods that it can make well with the resources it has, but it does not try to make everything it needs. Therefore, Kentucky must also import certain goods from the rest of the world. A.Identify TWO goods in which Kentucky specializes in the production of and exports to other states and countries.

© Mark E. Damon - All Rights Reserved $100 Scores Part A Goods Kentucky specializes in the production of and exports to other states and countries are: 1. Livestock (beef cattle and hogs) 9. poultry 2. horses10. processed foods 3. coal11. tobacco 4. apples12. wheat 5. chemicals13. machinery 6. corn14. limestone 7. oil or natural gas 8. transportation products (cars and trucks)

© Mark E. Damon - All Rights Reserved $200 Kentucky’s Economy Kentucky’s economy connects it to the rest of the United States and to the world. It is interdependent on other regions, states, and countries. It specializes in providing certain goods that it can make well with the resources it has, but it does not try to make everything it needs. Therefore, Kentucky must also import certain goods from the rest of the world. B. Identify TWO goods in which Kentucky imports from other states and countries because it does not have the resources to make them. Kentucky’s Economy Kentucky’s economy connects it to the rest of the United States and to the world. It is interdependent on other regions, states, and countries. It specializes in providing certain goods that it can make well with the resources it has, but it does not try to make everything it needs. Therefore, Kentucky must also import certain goods from the rest of the world. B. Identify TWO goods in which Kentucky imports from other states and countries because it does not have the resources to make them.

© Mark E. Damon - All Rights Reserved $200 Part B (Some possible answers are…) Part B (Some possible answers are…) Scores Goods Kentucky imports from other states and countries are: 1. auto parts 2. metal products 3. electrical equipment 4. clothing

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