JEOPARDY Economics Categories 100 100 200 200 300

JEOPARDY Economics

Categories 100 100 200 200 300 300 400 400 500 500 100 200 300 400 500 Gov’t. in Economics 100 200 300 400 500 Global Economies 100 200 300 400 500 Money Movement The Federal Reserve Taxing and Spending Banks

Final Jeopardy Trade Make your wager

What are to get things we can’t produce ourselves, because the costs of production are lower, to sell things to other countries, and to create jobs? Name at least 3 of the 4 reasons why nations trade.

What is a wave? The business cycle (how our economy moves) is in this pattern.

What is a recession? Name given to our economy when it is getting worse.

What is the resource market? In Economic Flow, this is the name of the market where someone provides labor to a business, and they get paid for their labor.

“Don’t Choke!” Daily Double

What is Circular Flow Economic Flow can also be called this because of the way our money moves

What is the product market? In Economic Flow, this is the type of market where someone pays a bill to a business in return for the item they purchased.

What is inflation? Printing more money than what our economy can support can cause this problem.

Who are banks and the government? Name the two groups who can get money from the Federal Reserve.

What is raise the discount rate? What could the Federal Reserve do to the discount rate if they wanted to slow the economy?

What is increase? The amount of money circulating through our economy may _____ if the Federal Reserve lowered the discount rate.

What is purchase them? If the U. S experienced a major recession, the Federal Reserve may begin to do what to government securities (savings bonds)

What is the 16 th? The amendment that created the Federal Income Tax.

What are public goods and services? These are provided to many people and are paid for by the government.

What is decrease? If the government _______ borrowing, the amount of money people could borrow may increase

What is increase? This is what the government would do to spending to stimulate the economy.

What is increase Taxes may ____ if government spending increases.

What is interest? Money paid on savings accounts as a reward for keeping your money with them.

What are financial institutions? Banks, Savings and Loans, Credit Unions, and are three types of ________.

What is the Federal Reserve? The Central Bank of the United States.

What is Federal Reserve Notes, Checks and Debit and Coins? The three types of currency.

What are Credit Unions? This type of financial institution has member owners and offers better interest rates.

What is the Environmental Protection Agency? This government agency regulates pollution emissions.

What is a recall? If E. Coli is found in peanut butter, the government will order one of these on the product.

What is the Federal Communications Commission? This government agency regulates the media.

What are new businesses? The U. S. government supports the formation of ______ to encourage competition.

What is the Federal Trade Commission The government agency that regulates business.

What is global trade? What type of trade does the U. S participate in?

What is technology? This has contributed to the faster flow of information, capital, and goods and services worldwide.

What is specialization? Virginia is good at producing tobacco better than other things, this is known as ______.

What is lowered? The costs of production are _____ when technology is used.

“Don’t Choke!” Daily Double

What is anti-trust legislation? The type of law made to stop the formation of monopolies.