THIS IS With Your Host Test Tomorrow How
- Slides: 69
THIS IS
With Your Host. . .
Test Tomorrow, How Exciting! 100 100 100 200 200 200 300 300 300 400 400 400 500 500 500
The government may take private property by ______, but it must compensate owners. A 100
Eminent domain A 100
Why has America been referred to as the “land of opportunity”? a. It provides anyone the possibility of success through hard work. b. It provides jobs for all citizens. c. It provides farmers farmland without levying taxes on the land. It provides money for all citizens. A 200
C 1 A 200
In what way does the Bill of Rights protect individuals’ freedom to engage in business activities? a. It recognizes property rights. b. It denies the government the ability to regulate commerce. c. It provides free contracts. d. It provides each industry with a competitive edge. A 300
A, 5 th amendment private property rights A 300
What is considered a negative effect of government regulations? a. They cut into company profits. b. They stifle competition. c. They cause higher prices for consumers. d. All of the above. A 400
D A 400
What is the profit motive? a. exchange of goods b. money that a business makes c. opportunity for success d. incentive to make money A 500
D A 500
Business cycles occur in free enterprise systems because a. government policy creates cycles. b. the efficiency of workers is not the same from season to season, but fluctuates on a regular basis annually. c. the standard of living is very high. d. economic decisions about factors such as prices, production, and consumption are determined by the market. B 100
D B 100
Improved technology helps create a higher standard of living for future generations by a. preventing drastic shifts in general price levels. b. creating specialized jobs for workers. c. reducing the number of unemployed workers d. providing additional goods and services. B 200
D B 200
Which are the government’s three goals for promoting economic strength? a. high employment, steady growth, and stability b. high employment, increased spending, and low taxes c. low unemployment, low prices, and low taxes d. steady growth, high prices, and innovation B 300
A B 300
Why do public goods demonstrate the limitations of a free market economy? a. They allow consumers to make all of the economic decisions. b. They allow government to make some economic decisions. c. They allow governments to control most economic decisions. d. They prevent consumers from making economic decisions. B 400
B B 400
Why are public goods examples of market failure? a. b. c. d. They show that the free enterprise system does not work. They show that competition in the free market is dangerous. They show that the private sector is more efficient than the public sector. They show that the free market cannot distribute certain resources efficiently. B 500
D B 500
Which is a positive externality of a new high school? a. more traffic on the roads b. student purchases at nearby stores c. a raise in property taxes d. more noise in the neighborhood C 100
B C 100
The most common in-kind benefits are a. b. c. d. coupons, food stamps, subsidized housing, and legal aid. food giveaways, food stamps, housing reimbursements, and legal aid. food giveaways, food stamps, subsidized housing, and tuition reimbursements. C 200
B C 200
When did the nation’s welfare system begin? a. during the Civil War b. during the Great Depression c. during the War on Poverty d. during World War I C 300
B C 300
DAILY Place A Wager DOUBLE C 400
What is the biggest difference between a command free market economy? C 400
Who answers the three economic questions: command- government, Free market- producers and consumers C 400
In a free enterprise system, what is the most common way that consumers make their desires known to businesses? a. e-mailing or texting the companies b. protesting and boycotting products c. d. buying or not buying products hiring lobbyists to speak for them C 500
C C 500
Under a system of voluntary exchange, final decisions are made by a. producers. b. consumers. c. the government. d. free riders. D 100
B D 100
A new runway has opened up at the airport, and citizens complain to local officials that the noise of the airplanes is disturbing their neighborhood. The noise is an example of a a. positive externality. b. free-rider problem. c. negative externality. d. market failure. D 200
C D 200
Why does the government protect inventors and authors by offering them patents and copyrights? a. to encourage free trade b. to promote innovation c. to regulate the business cycle d. to strengthen American culture D 300
B D 300
Why has the federal government passed laws requiring businesses to disclose product information to the public? a. to make buyers more knowledgeable and safer b. to make it hard for businesses to make an excess profit c. to make it easier for consumers to own property d. to make it easy for businesses to have good information D 400
A D 400
You will still be able to get a public broadcasting channel even though you did not contribute to its fundraising campaign. This is an example of a. an in-kind benefit. b. a market failure. c. a negative externality. d. a free-rider problem. D 500
D D 500
Macro v. Micro economics E 100
Micro- local state economy Macro- whole nation E 100
Question Number Two E E 200
Correct Response Two E E 200
Question Number Three E E 300
Correct Response Three E E 300
Question Number Four E E 400
Correct Response Four E E 400
Question Number Five E E 500
Correct Response Five E E 500
The classification of Mammals with pouches F 100
What are Maruspials? F 100
This second largest bird in the world is native to Australia F 200
What is the ostrich? F 200
Australia’s wild dogs F 300
What are dingos? F 300
This Australian island is the home of a devil and a wolf F 400
What is Tasmania? F 400
Although the National Bird of New Zealand, it is also indigenous to Australia F 500
What is the Kiwi? F 500
The Final Jeopardy Category is: Please record your wager. Click on screen to begin
Final Jeopardy Question Click on screen to continue
Correct Final Jeopardy Response Click on screen to continue
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