Welcome to Jeopardy Todays Review Topic Todays Categories

Welcome to Jeopardy!! Today’s Review Topic: _________

Today’s Categories Are:

Foundations Business Money Government Oh The Places You’ll Go 100 100 100 200 200 200 300 300 300 400 400 400 500 500 500 Double Jeopardy

Unlimited Wants and Limited Resources Click for Question

What is Scarcity? Back to Jeopardy Board

The law of demand states as this goes up demand goes down Click for Question

What is price? Back to Jeopardy Board

The science of decisions Click for Question

What is economics? Back to Jeopardy Board

The 4 Basic Questions Click for Question

What are what to produce how much to produce and how to distribute? Back to Jeopardy Board

The point on a graph where supply meets demand Click for Question

What is the equilibrium point? Back to Jeopardy Board

This type of business only has one owner? Click for Question

What is a sole proprietorship? Back to Jeopardy Board

These are the owners of a corporation. Click for Question

Who are stockholders? Back to Jeopardy Board

The 3 factors of production? Click for Question

What are land, labor and capital? Back to Jeopardy Board

The announcement when your company goes public? Click for Question

What is your tombstone? Back to Jeopardy Board

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This is why corporations don’t “die” when the entrpreneur does. Click for Question

What is unlimited life? Back to Jeopardy Board

The name of American paper currency Click for Question

What is the dollar? Back to Jeopardy Board

The basic corporate motivator Click for Question

What is profit? Back to Jeopardy Board

The name of our national bank that prints our money Click for Question

What is the Federal Reserve? Back to Jeopardy Board

When using money to purchase a good or service it’s being used as this Click for Question

What is a medium of exchange? Back to Jeopardy Board

This is a term that covers nickles, dimes, quarters and schillings Click for Question

What is specie? Back to Jeopardy Board

The main source of government revenue Click for Question

What are taxes? Back to Jeopardy Board

This type of economic system has the government answering all the questions Click for Question

What is a command system? Back to Jeopardy Board

The total accumulation of overspending by a country Click for Question

What is the national debt? Back to Jeopardy Board

Our nation’s retirement program which is going bankrupt Click for Question

What is Social Security? Back to Jeopardy Board

This type of income tax has the wealthier pay a higher percentage of tax. Click for Question

What is a progressive income tax? Back to Jeopardy Board

The name of the Restaurant where the senior ball was held. Click for Question

What is Christos? Back to Jeopardy Board

This store is the nation’s leading employer Click for Question

What is Wal~Mart? Back to Jeopardy Board

This is where you would need to go to watch goods Wal~Mart sells get produced? Click for Question

What is China? Back to Jeopardy Board

You must go to this type of broker to get legal advice regarding which stocks to trade Click for Question

Who is a stock broker? Back to Jeopardy Board

You will see this type of spending if you get invited to appear on MTV’s “Cribs” Click for Question

What is conspicuous consumption? Back to Jeopardy Board

Double Jeopardy Click Here to Begin

The Double Jeopardy Categories are:

Category 1 Category 2 Category 3 Category 4 Category 5 200 200 200 400 400 400 600 600 600 800 800 800 1000 1000

Adam Smith said this was the key to increasing production Click for Question

What is specialization? Back to Jeopardy Board

The invisible hand of Smith’s laissez- faire theory is this Click for Question

What is individual self interest? Back to Jeopardy Board

In this type of system religion and ultimate fighting are seen as opiates of the masses Click for Question

What is communism? Back to Jeopardy Board

He believed that population growth was growing faster than the world could sustain Click for Question

Who is Thomas Malthus? Back to Jeopardy Board

According to David Ricardo’s Comparative Advantage theory international trade should be based on this? Click for Question

What is opportunity cost? Back to Jeopardy Board

Keynes’s theory of government spending was used by FDR in order to solve of the problems of this economic disaster Click for Question

What is the Great Depression? Back to Jeopardy Board

This government program that started in the 1960 s was designed to create equal employment and educational opportunities? Click for Question

What is Affirmative Action? Back to Jeopardy Board

Many use this invisible barrier for advancement to argue that we still need affirmative action. Click for Question

What is the glass ceiling? Back to Jeopardy Board

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At this stage of Rostow’s theory on stages of growth people are spending well beyond their needs Click for Question

What is the age of mass consumption? Back to Jeopardy Board

The Monetarists believed the FED can control the economy by controlling the money supply and this Click for Question

What are interest rates? Back to Jeopardy Board

This animal is used to signify a growing stock market Click for Question

What is a bull? Back to Jeopardy Board

These people may want work but can’t find any Click for Question

Who are the unemployed? Back to Jeopardy Board

The general rise in prices is often referred to as this Click for Question

What is inflation? Back to Jeopardy Board

Overseas investments are calculated in this but not the GDP Click for Question

What is the Gross National Product? Back to Jeopardy Board

When this type of stock is purchased it is a sign that investors are willing to take risks Click for Question

What is a penny stock? Back to Jeopardy Board

This type of group is organized to defend the rights of workers Click for Question

What is a labor union? Back to Jeopardy Board

A common goal for all industry wide unions Click for Question

What is higher pay? Back to Jeopardy Board

Management’s version of a work stoppage Click for Question

What is a lock- out? Back to Jeopardy Board

The advice from this third party negotiator is legally binding? Click for Question

Who is an arbitrator? Back to Jeopardy Board

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The name of the New Deal law, applauded by Samuel Gompers which protected the rights of unions to collectively bargain Click for Question

What is the Wagner Act? Back to Jeopardy Board

Use this easy plastic if you want to put your credit rating in jeopardy Click for Question

What is a credit card? Back to Jeopardy Board

In this type of economic system only consumers and producers make economic decisions Click for Question

What is a free market system? Back to Jeopardy Board

The type of demand where price does not matter (Like Oil) Click for Question

What is inelastic demand? Back to Jeopardy Board

For every $10 you want to spend on this, just give it to me and I will give you $9. Trust me, you will be better off Click for Question

What is the lottery? Back to Jeopardy Board

To avoid personal debt this must be greater than your spending? Click for Question

What is income? - “Earn it before you spend it” Ben Franklin Back to Jeopardy Board