wheel of fortune rules teams consist of groups of 3. if a team gets the question correct, you get to...
Post on 17-Dec-2015
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Wheel of Fortune Rules• Teams consist of groups of 3.
• If a team gets the Question correct, you get to spin.
• If a team gets the Question incorrect, other teams can earn 50 points by writing the correct answer on their whiteboard. Teams have 10 seconds to record their answer.
And now..our hosts! Pat and Vanna!
100
40
02 0 0
20
0
100
30
0 100
500
800
Points
End Game
Back to the Back to the BoardBoard
TIME TO PLAY TIME TO PLAY “Wheel of “Wheel of Fortune!”Fortune!”
• Here are the questions for the game. You may choose them at random. Once a question is picked, you may not pick it again….Good Luck!!!!!!!!
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18
19 20 21 22 23 24 25 26 27
28 29 30 31 32 33 34 35 36
37 38 39 40
Question #1Question #1
- Combination of desire, ability, and willingness to buy a product?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #2Question #2
- Decrease in satisfaction or usefulness from having one more unit of the same product
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #3Question #3
- Type of elasticity where a change in price causes a relatively larger change in quantity demanded?
Sorry - 100 pts. Back to the Questions
Correct! Let’s Spin!
Question #4Question #4
- That part of a change in quantity demanded due to a price change that makes other products more or less costly
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #5Question #5
- What causes a change in demand?
Sorry - 100 pts. Back to the Questions
Correct! Let’s Spin!
Question #6Question #6
- What is the issue with measuring marginal utility according to economists?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #7Question #7
A. (Q1-Q2) / (Q1+Q2) ÷ (P1-P2)/(P1+P2)B. (Q1+Q2) / (Q1-Q2) ÷ (P1+P2)/(P1-P2)C. (P1-P2)/(P1+P2) ÷ (Q1-Q2) / (Q1+Q2)D. (P1+P2)/(P1-P2) ÷ (Q1+Q2) / (Q1-Q2)?
Sorry - 100 pts. Back to the Questions
Correct! Let’s Spin!
Question #8Question #8
- If PEoD = 1, then…?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #9Question #9
- What are 2 of the 3 ?’s/Determinants of Demand Elasticity?
Sorry - 100 pts. Back to the Questions
Correct! Let’s Spin!
Question #10Question #10
- Extra output due to the addition of one more unit of input?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #11Question #11- Broad category of fixed costs that includes rent, taxes, and executive salaries?
Sorry - 100 pts. Back to the Questions
Correct! Let’s Spin!
Question #12Question #12
- Production level where total cost equals total revenue?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #13Question #13
- Decision making that compares the extra costs of doing something to the extra benefits gained?
Sorry - 100 pts. Back to the Questions
Correct! Let’s Spin!
Question #14Question #14
- Name this jingle…- http://www.youtube.com/watch?v=MTa4FyuflIM
Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #15Question #15
- Amount of a product offered for sale at all possible prices?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #16Question #16
- Which of the following is not true about reasons for a change in supply?
• Cost of Resources• Productivity• Technology• Taxes & Subsidies• Previous Sales• Government Regulations• # of Sellers
Sorry - 100 pts. Back to the Questions
Correct! Let’s Spin!
Question #17Question #17
- How does the cost of resources affect the quantity offered for sale?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #18Question #18- What are 3 of the 4 measures of cost?
Sorry - 100 pts. Back to the Questions
Correct! Let’s Spin!
Question #19Question #19
- What are the 3 stages of production?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #20Question #20
- How does changing one variable affect the other variable inputs of a firm?
Sorry - 100 pts. Back to the Questions
Correct! Let’s Spin!
Question #21Question #21
- A business must know this in order to keep in business?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #22Question #22
- Low overhead, less inventory, and low rent or only the need for the Internet is a benefit of?
Sorry - 100 pts. Back to the Questions
Correct! Let’s Spin!
Question #23Question #23
- Utilizes Greek mythology’s Siren and company has stated that this was done to show the company's heritage from the Pacific Northwest and to celebrate 35 years of business.
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #24Question #24
-Congratulations! Free spin without answering a question
Let’s Spin!
Question #25Question #25-Utilized this as their 1st logo and today is the largest in their venue by serving around 68 million customers daily in 119 countries?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #26Question #26
-System of allocating goods and services without prices?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #27Question #27
- Partial refund of a product’s original price?
Sorry - 100 pts. Back to the Questions
Correct! Let’s Spin!
Question #28Question #28
- Price where quantity supplied equals quantity demanded?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #29Question #29
- Highest legal price that can be charged for a product?
Sorry - 100 pts. Back to the Questions
Correct! Let’s Spin!
Question #30Question #30
- Name 3 of the 4 programs intended to help farmers here in the U.S.?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #31Question #31
- Shares too small, costs, loss of incentive to work are all problem with?
Sorry - 100 pts. Back to the Questions
Correct! Let’s Spin!
Question #32Question #32
- Which of the following is not a factor that could disturb the equilibrium market?
• New competitors entering the market• Technological improvements• Drop in wages• Inflation
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #33Question #33
Sorry - 100 pts. Back to the Questions
Correct! Let’s Spin!
Question #34Question #34
- Movie that demonstrates “when markets talk”…ie frozen concentrate orange juice in this stock market movie?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #35Question #35
- Requirement that a business reveal information about its products or its operations to the public?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #36Question #36
- Goods or services whose benefits are available to everyone and are paid for collectively?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #37Question #37
- What does FCC stand for?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #38Question #38
- What does OSHA stand for?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #39Question #39
- Practice of selling the same product at different prices to different buyers?
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
Question #40Question #40
- Name this jingle:
Correct! Let’s Spin!
Sorry - 100 pts. Back to the Questions
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