JEOPARDY GAME RULES FINAL ROUND Legislation Finance Trade

JEOPARDY GAME RULES FINAL ROUND Legislation Finance Trade 100 100 200 200 200 300 300 300 400 400 400 500 500 500 Misc. Information Taxes 100 Updated: April 2009

Category A - Jeopardy - 100 Deregulation is part of this type of economic policy

Category A - Jeopardy - 100 What is Laissez-Faire economics?

Category A - Jeopardy - 200 The total value of all goods and services produced by all firms in a specified period of time

Category A - Jeopardy - What is aggregate supply? 200

Category A - Jeopardy - 300 A chart showing the quantity of real GDP purchased at each possible price level

Category A - Jeopardy - What is aggregate demand? 300

Category A - Jeopardy - 400 This man said the economy is divided into four sectors- consumer, investment, government, and foreign, and that the health of the economy is based on the spending of all sectors, each impacts the others

Category A - Jeopardy - Who is John Maynard Keynes? 400

Category A - Jeopardy - The oldest, most prestigious stock exchange 500

Category A - Jeopardy - What is the New York Stock Exchange? 500

Category B - Jeopardy - 100 When a supplier can past on a tax increase, known as the incident of a tax, to the consumer demand is said to be what?

Category B - Jeopardy - What is inelastic? 100

Category B - Jeopardy - 200 A charge placed on certain items such as alcohol and cigarettes to control or change behavior and/or to raise government revenue

Category B - Jeopardy - What is a sin tax? 200

Category B - Jeopardy - 300 Also known as a flat tax, the same % of tax is levied on everyone regardless of income.

Category B - Jeopardy - What is a proportional tax? 300

Category B - Jeopardy - 400 Tax you are required to pay for old age and medical care

Category B - Jeopardy - What is FICA? 400

- Jeopardy - DAILY DOUBLE How much would you like to bet?

Category B - Jeopardy - 500 When exports are taxed it is known as a customs duty or this

Category B - Jeopardy What is a tariff? 500

Category C - Jeopardy - 100 The idea that supply and demand for the worker’s skills and services determine the wage or salary.

Category C - Jeopardy - 100 What is the traditional theory of wage determination?

Category C - Jeopardy - 200 The idea that employers are willing to pay more in wages to those who have special skills or degrees, or special abilities

Category C - Jeopardy - What is the signaling theory? 200

- Jeopardy - DAILY DOUBLE How much would you like to bet?

Category C - Jeopardy - 300 This legislation gave employers the right to sue unions for breaking contracts, 80 day strike delay, and allowed states to pass right to work laws

Category C - Jeopardy - What is the Taft-Hartley Act? 300

Category C - Jeopardy - 400 Also known as the Wagner Act established the right of unions to collective bargain

Category C - Jeopardy - 400 What is the National Labor Relations Act?

Category C - Jeopardy - 500 When a neutral third party collects facts and makes non-binding recommendations for resolving the dispute

Category C - Jeopardy - What is fact-finding? 500

Category D - Jeopardy - 100 It must be portable, durable, divisible, and have limited durability.

Category D - Jeopardy - What is money? 100

Category D - Jeopardy - 200 Coupon, par value, and maturity are all parts of this.

Category D - Jeopardy What is a bond ? 200

Category D - Jeopardy - 300 The privately owned, publicly controlled central bank of the United States that controls the supply of money

Category D - Jeopardy - 300 What is the (FED) Federal Reserve System?

Category D - Jeopardy - 400 The term for money that includes traveler checks, coins, currency, and demand deposit and checking accounts

Category D - Jeopardy What is M 1? 400

Category D - Jeopardy - 500 The currencies used by countries to conduct international trade

Category D - Jeopardy - What is foreign exchange? 500

Category E - Jeopardy - 100 The tax placed on imports that is high enough to give the government income, but low enough not to restrict trade

Category E - Jeopardy - What is a revenue tariff? 100

Category E - Jeopardy - 200 People that promote the restriction of imports in favor of domestic industry

Category E - Jeopardy - Who are protectionists? 200

Category E - Jeopardy - 300 This replaced GATT and administers trade agreements, helps with trade negotiations settles disputes between countries, and aids developing countries

Category E - Jeopardy What is the World Trade Organization (WTO)? 300

- Jeopardy - DAILY DOUBLE Place your bets!

- Jeopardy - DAILY DOUBLE When country A can product a good more efficiently than country B, Country A is deemed to have this.

Category E - Jeopardy - 400 What is comparative advantage?

Category E - Jeopardy - 500 An agreement between the U. S. and a nation including this statement that allows the nation to receive the lowest tariff rates the U. S. negotiates with any country

Category E - Jeopardy - 500 What is most favored nation clause?

- Jeopardy Welcome to Jeopardy! The fun and sneaky way to review material for the upcoming test!

- Jeopardy And now… a brief introduction to the RULES of the GAME…

- Jeopardy Each group must: a) SIT TOGETHER, and b) Designate a SPEAKER who will respond to the prompts (You may NOT change speakers).

- Jeopardy The game consists of FIVE categories, each containing FIVE questions

- Jeopardy Questions are randomly arranged, NOT by degree of difficulty

- Jeopardy Each speaker may select only ONE question per round

- Jeopardy Once the selected question is posted on the screen, the SPEAKER of the team has 10 seconds to respond.

- Jeopardy The speaker may consult with teammates before responding

- Jeopardy During the game, whispering is OK, but LOUD talking and/or disruptions DURING THE GAME may result in point loss for the entire team.

- Jeopardy The response should be phrased in the FORM OF A QUESTION. (Words, phrases, and statements – even if correct – may be disqualified)

- Jeopardy A CORRECT ANSWER earns the team the amount of points indicated on the jeopardy board.

- Jeopardy If the speaker does not respond correctly within 10 seconds, the question passes on to the next team speaker, who has 5 seconds to respond.

- Jeopardy The number of points for the correct answer at this stage are the same as for the previous team.

- Jeopardy Questions that are not answered correctly by the selecting team are offered to the other teams in turn until a correct answer is given or all teams have guessed incorrectly.

- Jeopardy For the Daily Double, the speaker designates the number of points – up to the max. points earned by the team. If correct, the team earns the designated points; if incorrect, they lose the designated points.

- Jeopardy Again, whispering is OK, but remember, LOUD TALKING and/or DISRUPTIONS DURING THE GAME may result in point loss for the entire team.

- Jeopardy The judge’s decisions are FINAL and whining, pouting, and/or complaints will NOT BE ENTERTAINED…

- Jeopardy - Ready to play?

- Jeopardy Final Jeopardy Topic: Economics You may wager up to the amount of points your team has earned. Write your wager on a piece of paper and submit it.

Final Jeopardy Question This deals with the economy as a whole and includes employment, GDP, inflation, economic growth, and allocation of wealth Updated: April 2009

Economics What is macroeconomics? Updated: April 2009