Template by Bill Arcuri, WCSD Click Once to Begin JEOPARDY! Introduction to Economics.

Template byBill Arcuri, WCSD

Click Once to BeginJEOPARDY!Introduction to Economics


JEOPARDY!

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DefinitionSentence

Completion

Economic

Systems

Fill

InMatches Odds/Ends


“These are limited”

What are Resources?


“These are unlimited.”

What are Wants & Needs?


What are decisions?

“A process is needed to make these.”


“What’s the proper order for the definition of economics?”

1. A, B, C; 2. B, A, C;3. C, A, B; 4. C, B, A;5. A, C, B; 6. B, C, A

A. Using Limited resourcesB. A process of making decisionsC. to satisfy unlimited wants & needs

What is # 6?


“Land, Labor, or Capital.”

What are Economic Resources?


“An economic system in which the government lets the

market place answer the three basic questions”

What is a Command or

Communist Economy?


An economic opportunity that allows businesses to make

excessive profits?

What is a Monopoly?


“The money a business brings in after costs & expenses are paid and serves as a motivating force

in Free Enterprise”

What is Profit?


“This economic system would be considered a hybrid”

What is Socialism?


“Another word for tangible products that you can touch or feel & have monetary value”

What are goods?


“Another name for Capitalism”

What is Free Enterprise?


“Another name for a Planned Economy“

What is a Command or Communist Economy?


“In this economic system, the most efficient method will be

used to produce all goods

What is Free Enterprise or Capitalism?


In this economic system, the consumers are said to:

“Vote With Their Dollars.”



In this economic system, all products are provided to

people who need them the most.

What is Communism or Command Economies?


Every time we ______ products or services, we are engaging in

an economic activity?

What is purchase or buy?


It is important to study economics because it is an _________ part of

everyone’s life.

Basic, important, or critical, ?


What are monies, incomes, or resources?

For most people, ________ are limited.


When we exchange something of monetary _________ to get

something else we want, we are

engaging in economics

What is bartering, worth, or value?

Daily Double!!!


Economics can be described as a process of getting the ________

for the least.

What is most?


This system allows for a great deal of competition for

every product or service

What is Capitalism or Market Economy?


This system attempts to take the best from both Capitalism

and Communism.

What is Socialism?


In this system, the government only owns the major means of production.

What is Socialism?


In this system, a lot of social services are available and there

is no such thing as profit.

What is Communism, Planned, or Command Economy?


In this system, its members enjoy very limited government

control of the economy.



In this system, you can own any type of

business you want.

What is Free Enterprise or

Capitalism?


The wasting of economic resources is a frequent

criticism of this economic system.

What is Free Enterprise or

Capitalism?


Being guaranteed a job is a feature of this economic system.

What is Communism, Planned, or Command Economy?


These intangibles can’t be touched or felt, but have

economic value

What are services?


A term that describes a situation where people’s desire

for a product exceeds the ability of businesses to supply

the product or service.

What is scarcity?

Template by Bill Arcuri, WCSD Click Once to Begin JEOPARDY! Introduction to Economics.

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