jeopardy review
TRANSCRIPT
![Page 1: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/1.jpg)
Powerpoint JeopardyEconomic
Systems
Free
Market
Centrally
Planned
Modern
Economies
Chapter 1
Review
10 10 10 10 10
20 20 20 20 20
30 30 30 30 30
40 40 40 40 40
50 50 50 50 50
![Page 2: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/2.jpg)
An economy whereAn economy whereindividuals and businessesindividuals and businessesmake all economic decisions.make all economic decisions.– – 10 points10 points
![Page 3: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/3.jpg)
An economy where the An economy where the government makes most or government makes most or all of the economic decisions.all of the economic decisions.– – 20 points20 points
![Page 4: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/4.jpg)
The Amish are an example of this type of economic system. – 30 points.
![Page 5: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/5.jpg)
What are the 3 EconomicWhat are the 3 EconomicQuestions? – 40 pointsQuestions? – 40 points
![Page 6: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/6.jpg)
Name the 5 EconomicName the 5 EconomicGoals – 50 pointsGoals – 50 points
![Page 7: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/7.jpg)
Individuals in a marketeconomy are motivatedby … – 10 points
![Page 8: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/8.jpg)
In a market economy producers act as a regulatorfor the economy through…– 20 points
![Page 9: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/9.jpg)
Households provide the Households provide the factors of production to factors of production to firms in this arena of firms in this arena of exchange on the Circularexchange on the CircularFlow – 30 pointsFlow – 30 points
![Page 10: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/10.jpg)
Individuals in a market economy go to this arena ofexchange in order to buy goods and services from a firm/business. – 40 points
![Page 11: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/11.jpg)
The “invisible hand” in amarket economy is…..– 50 points
![Page 12: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/12.jpg)
A centrally planned economythat is run by the people througha democratic government.– 10 points
![Page 13: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/13.jpg)
A centrally planned economy in which the government makesall (most) economic decisions forits citizens. – 20 points
![Page 14: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/14.jpg)
An economic system thatincludes both government and individual decisions in the economy. – 30 points
![Page 15: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/15.jpg)
Economic goal that focuseson the rights of individualsto make economic decisionswithout government intervention. – 40 points
![Page 16: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/16.jpg)
Economic goal that seeks toassure that all individuals aretaken care of through socialprograms known as a safety net.– 50 points
![Page 17: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/17.jpg)
Economic goal that focuseson the most productive use of all resources. – 10 points
![Page 18: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/18.jpg)
Doctrine that governmentshould generally keep itshand off of the market.– 20 points
![Page 19: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/19.jpg)
Economic goal that focusesEconomic goal that focuseson innovation leading to a on innovation leading to a higher standard of living.higher standard of living.– – 30 points30 points
![Page 20: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/20.jpg)
An arrangement that allows An arrangement that allows buyers and sellers to exchangebuyers and sellers to exchangegoods and services.goods and services.– 40 points
![Page 21: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/21.jpg)
The concentration of the The concentration of the productive efforts of individualsproductive efforts of individualsand firms on a limited numberand firms on a limited numberof activities.of activities...– 50 points
![Page 22: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/22.jpg)
Economics in a one word definition…– 10 points
![Page 23: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/23.jpg)
Limited resources to meet unlimited wants. – 20 points
![Page 24: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/24.jpg)
All the alternatives that we giveup whenever we choose one course of action over another.– 30 points
![Page 25: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/25.jpg)
A line showing the maximum possible output for a given economy using its resources. – 40 points
![Page 26: Jeopardy Review](https://reader034.vdocument.in/reader034/viewer/2022051400/5561fa6ed8b42a25488b4da5/html5/thumbnails/26.jpg)
Name the 4 factors of production. – 50 points