Jeopardy Extremely Outrageously Hard s hard s Really

Jeopardy Extremely Outrageously Hard ? s hard ? s Really Hard ? s Super Hard ? s Q $100 Q $100 Q $200 Q $200 Q $300 Q $300 Q $400 Q $400 Q $500 Q $500 Hard ? s Final Jeopardy

$100 Question from Hard ? s When the government removes incentives for work, then it is natural for people to avoid work. This result is known as the _____ trap

$100 Answer from Hard ? s What is poverty?

$200 Question from Hard ? s A key Christian principle is “ownership provides incentives for better _____”.

$200 Answer from Hard ? s What is stewardship?

$300 Question from Hard ? s _______ freedom leads to political freedom.

$300 Answer from Hard ? s What is economic?

$400 Question from Hard ? s True or False: It is difficult to predict with certainty the economic choices people will make because their values change on a regular basis.

$400 Answer from Hard ? s What is True?

$500 Question from Hard ? s True or False: From a biblical perspective, the family is at the center of welfare in society.

$500 Answer from Hard ? s What is True?

$100 Question from Really Hard ? s True or False: From a socialistic perspective the state is at the center of welfare in society.

$100 Answer from Really Hard ? s What is True?

$200 Question from Really Hard ? s God has commanded human beings to care for this.

$200 Answer from Really Hard ? s What are animals, trees, and lands?

$300 Question from Really Hard ? s Modern government welfare systems have taken the place of this.

$300 Answer from Really Hard ? s What are the family and church?

$400 Question from Really Hard ? s The study of the management of resources.

$400 Answer from Really Hard ? s What is Economics?

$500 Question from Really Hard ? s Your use of and care for resources.

$500 Answer from Really Hard ? s What is stewardship?

$100 Question from Super Hard ? s Government aid programs that attempt to help the poor.

$100 Answer from Super Hard ? s What is social welfare?

$200 Question from Super Hard ? s Government control of property and the redistribution of personal wealth.

$200 Answer from Super Hard ? s What is socialism?

$300 Question from Super Hard ? s Private ownership of property and the right to keep your wealth.

$300 Answer from Super Hard ? s What is capitalism?

$400 Question from Super Hard ? s Something that would encourage or motivate someone to do something.

$400 Answer from Super Hard ? s What is incentive?

$500 Question from Super Hard ? s The belief that people should be free to produce goods and services and sell them as they choose.

$500 Answer from Super Hard ? s What is free exchange?

$100 Question from Extremely hard ? s The branch of economics that looks at the larger picture by examining the result of economic choices.

$100 Answer from Extremely hard ? s What is Macroeconomics?

$200 Question from Extremely hard ? s The branch of economics that focuses on smaller, individual units of economic activity.

$200 Answer from Extremely hard ? s What is Microeconomics?

$300 Question from Extremely hard ? s State the examples of public restrooms demonstrate the importance of stewardship and incentives.

$300 Answer from Extremely hard ? s Public restrooms are dirty but most restrooms in houses are clean. Ownership provides incentives for better stewardship.

$400 Question from Extremely hard ? s State what it means to be a good steward.

$400 Answer from Extremely hard ? s What is a good steward is a person that takes care of the resources that he/she has by not wasting the items?

$500 Question from Extremely hard ? s The reasons it is difficult to plan for economic growth.

$500 Answer from Extremely hard ? s Because people have changing values, we can’t always predict what they will do and it’s often hard to see the consequences of all actions?

$100 Question from Outrageously Hard ? s Explain and give an example of Longrange consequences.

$100 Answer from Outrageously Hard ? s Long-range consequences are consequences that are far from the action that one does not foresee.

$200 Question from Outrageously Hard ? s State the benefits of incentives.

$200 Answer from Outrageously Hard ? s What are incentives are used to motivate people to achieve a goal?

$300 Question from Outrageously Hard ? s “You’ve got to spend ____ to make ___, Boss” is a quote from Inside Cackle Corner.

$300 Answer from Outrageously Hard ? s What are profits, profits?

$400 Question from Outrageously Hard ? s The facts you need to know about economics in order to truly understand it.

$400 Answer from Outrageously Hard ? s What is that you need to understand that economics is not a set of doctrines or conclusions but a way of thinking that includes common sense?

$500 Question from Outrageously Hard ? s Explain the relationship between scarcity, choice and personal value.

$500 Answer from Outrageously Hard ? s What are that because of the scarcity of items in this world, people must always choose to sacrifice for things that they want more?

Final Jeopardy Two foundational reasons why Lightbearers believe that socialism can never work.

Final Jeopardy Answer What are that socialism is a system that makes economic calculation impossible and human nature often causes people to be lazy without incentives?