2. © Mark E. Damon - All Rights Reserved

3. Another Presentation © 2002 - All rights Reserved nygiantsbigblue@yahoo.com

4. © 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!

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

6. © Mark E. Damon - All Rights Reserved This and That Free Enterprise Supply & Demand Elastic & Inelastic $100 $200 $300 $400 $500 Round 2 Final Jeopardy Scores

7. © Mark E. Damon - All Rights Reserved $100 What are the 3 types of resources? Give one example of each.

8. © Mark E. Damon - All Rights Reserved $100 Natural – fish, water Human – workers Capital – money, buildings Natural – fish, water Human – workers Capital – money, buildings Scores

9. © Mark E. Damon - All Rights Reserved $200 Congrats! Free Space + $200 Congrats! Free Space + $200

10. © Mark E. Damon - All Rights Reserved $200 Scores Congrats! Free Space + $200 Congrats! Free Space + $200

11. © Mark E. Damon - All Rights Reserved $300 What are the two types of competition?

12. © Mark E. Damon - All Rights Reserved $300 Price Non-Price Price Non-Price Scores

13. © Mark E. Damon - All Rights Reserved $400 What are the 5 roles of our government?

14. © Mark E. Damon - All Rights Reserved $400 Regulator Promoter Protector Competitor Supporter Regulator Promoter Protector Competitor Supporter Scores

15. © Mark E. Damon - All Rights Reserved $500 In a seller’s market, there is _________ demand.

16. © Mark E. Damon - All Rights Reserved $500 Large Scores

17. © Mark E. Damon - All Rights Reserved $100 What are the 4 economic freedoms?

18. © Mark E. Damon - All Rights Reserved $100 Freedom of: Ownership Compete Profit Choice Freedom of: Ownership Compete Profit Choice Scores

19. © Mark E. Damon - All Rights Reserved $200 What are the 2 effects of competition?

20. © Mark E. Damon - All Rights Reserved $200 Reasonable Prices Quality Products Reasonable Prices Quality Products Scores

21. © Mark E. Damon - All Rights Reserved $300 What are the 2 political systems fall into a planned / command economy?

22. © Mark E. Damon - All Rights Reserved $300 Democratic Socialism and Communism Democratic Socialism and Communism Scores

23. © Mark E. Damon - All Rights Reserved

24. $400 What type of economy does the country have if people answer the 3 economic questions?

25. © Mark E. Damon - All Rights Reserved $400 Market Economy Scores

26. © Mark E. Damon - All Rights Reserved $500 What are the 3 basic economic questions?

27. © Mark E. Damon - All Rights Reserved $500 What should be produced? How should it be produced? Who should share in what is produced? What should be produced? How should it be produced? Who should share in what is produced? Scores

28. © Mark E. Damon - All Rights Reserved $100 When does a shortage occur?

29. © Mark E. Damon - All Rights Reserved $100 When demand exceeds supply. Scores

30. © Mark E. Damon - All Rights Reserved $200 Where is the equilibrium point?

31. © Mark E. Damon - All Rights Reserved $200 Where supply curve and demand curve meet. Scores

32. © Mark E. Damon - All Rights Reserved $300 Explain P ↑ Qs↑ and P↓ Qs↓ What law is this? Explain P ↑ Qs↑ and P↓ Qs↓ What law is this?

33. © Mark E. Damon - All Rights Reserved $300 When price is up then quantity supply is up and when price is down then quantity supply is down. Law of Supply When price is up then quantity supply is up and when price is down then quantity supply is down. Law of Supply Scores

34. © Mark E. Damon - All Rights Reserved $400 Explain P ↑ Qd↓ and P↓ Qd↑ What law is this? Explain P ↑ Qd↓ and P↓ Qd↑ What law is this?

35. © Mark E. Damon - All Rights Reserved $400 When price is down then quantity demanded is up and when price is up then quantity demanded is down. Law of Demand When price is down then quantity demanded is up and when price is up then quantity demanded is down. Law of Demand Scores

36. © Mark E. Damon - All Rights Reserved $500 In a buyer’s market prices are___________.

37. © Mark E. Damon - All Rights Reserved $500 Lower Scores

38. © Mark E. Damon - All Rights Reserved $100 A slight change in price creates a large change in demand.

39. © Mark E. Damon - All Rights Reserved $100 Elastic – Fast Food Scores

40. © Mark E. Damon - All Rights Reserved $200 Congrats! Free Space + $200 Congrats! Free Space + $200

41. © Mark E. Damon - All Rights Reserved $200 Scores Congrats! Free Space + $200 Congrats! Free Space + $200

42. © Mark E. Damon - All Rights Reserved $300 A change is price has little effect on demand

43. © Mark E. Damon - All Rights Reserved $300 Inelastic - Medicine Scores

44. © Mark E. Damon - All Rights Reserved $400 What are the 4 factors to determine elastic or inelastic demand?

45. © Mark E. Damon - All Rights Reserved $400 Substitutes available Price relative to income Luxury product Emergency Substitutes available Price relative to income Luxury product Emergency Scores

46. © Mark E. Damon - All Rights Reserved $500 What is the law of diminishing marginal utility?

47. © Mark E. Damon - All Rights Reserved $500 People will only buy a limited amount of product no matter how low the price drops Scores

48. © Mark E. Damon - All Rights Reserved Business Ownership Business Cycle Utility $200 $400 $600 $800 $1000 Round 1 Final Jeopardy Scores

49. © Mark E. Damon - All Rights Reserved $200 What type of business is run by a single person?

50. © Mark E. Damon - All Rights Reserved $200 Sole Proprietorship Scores

51. © Mark E. Damon - All Rights Reserved $400 What is the ongoing fee paid to the franchiser?

52. © Mark E. Damon - All Rights Reserved $400 Royalty Scores

53. © Mark E. Damon - All Rights Reserved $600 What are 3 characteristics of an entrepreneur?

54. © Mark E. Damon - All Rights Reserved $600 Willing to take risks Able to make and follow goals Able and willing to work long & hard Confident in their success Creative and imaginative Sound knowledge of business Reliable and dependable Self-discipline Willing to take risks Able to make and follow goals Able and willing to work long & hard Confident in their success Creative and imaginative Sound knowledge of business Reliable and dependable Self-discipline Scores

55. © Mark E. Damon - All Rights Reserved $800 What are 3 advantage of owning a franchise?

56. © Mark E. Damon - All Rights Reserved $800 Instant name recognition Nationwide advertising Standardized products Training programs Reduced risk of failure Instant name recognition Nationwide advertising Standardized products Training programs Reduced risk of failure Scores

57. © Mark E. Damon - All Rights Reserved $1000 What is the difference between franchisee and franchiser?

58. © Mark E. Damon - All Rights Reserved $1000 ee – the person buying the franchise er – the company selling the franchise ee – the person buying the franchise er – the company selling the franchise Scores

59. © Mark E. Damon - All Rights Reserved $200 Congrats! Free Space + $200 Congrats! Free Space + $200

60. © Mark E. Damon - All Rights Reserved $200 Congrats! Free Space + $200 Congrats! Free Space + $200 Scores

61. © Mark E. Damon - All Rights Reserved

62. $400 What is another name for recovery?

63. © Mark E. Damon - All Rights Reserved $400 Expansion Scores

64. © Mark E. Damon - All Rights Reserved $600 What is inflation?

65. © Mark E. Damon - All Rights Reserved $600 When prices rise Scores

66. © Mark E. Damon - All Rights Reserved $800 A period of economic slow down, high unemployment and decreased productivity is which stage of the business cycle?

67. © Mark E. Damon - All Rights Reserved $800 Recession Scores

68. © Mark E. Damon - All Rights Reserved $1000 A period of economic growth

69. © Mark E. Damon - All Rights Reserved $1000 Prosperity Scores

70. © Mark E. Damon - All Rights Reserved $200 Name the 5 types of Utility?

71. © Mark E. Damon - All Rights Reserved $200 Form Time Place Possession Information Form Time Place Possession Information Scores

72. © Mark E. Damon - All Rights Reserved $400 Which example of utility is not met by marketing?

73. © Mark E. Damon - All Rights Reserved $400 Form Scores

74. © Mark E. Damon - All Rights Reserved $600 What type of product utility is crated for consumers by credit cards, charge accounts, and installment loans?

75. © Mark E. Damon - All Rights Reserved $600 Possession Scores

76. © Mark E. Damon - All Rights Reserved $800 What type of product utility is created by increase usefulness of a product to consumer by causing change in basic material through production?

77. © Mark E. Damon - All Rights Reserved $800 Form Scores

78. © Mark E. Damon - All Rights Reserved $1000 What type of product utility is created by increase usefulness by making it available to the customer at the right time of year and time of day?

79. © Mark E. Damon - All Rights Reserved $1000 Time Scores

80. © Mark E. Damon - All Rights Reserved Scores Guests during Block 2 Final Jeopardy Question

81. © Mark E. Damon - All Rights Reserved What are the first and last names of the two people who were here as guests on Tuesday, February 23, 2010? Why were they here? What are the first and last names of the two people who were here as guests on Tuesday, February 23, 2010? Why were they here?

82. © Mark E. Damon - All Rights Reserved Carter Schultz – Art Institute Don Taylor – Future Business Teacher Carter Schultz – Art Institute Don Taylor – Future Business Teacher Scores