Welcome! The Topic For Today Is…

1. Welcome! The Topic For Today Is…

2. Economics

3. Definitions: 200 • Question: • The best thing you give up to get something else • Answer • Opportunity cost Back

4. Definitions: 400 • Question: • Something used to make a good • Answer • resource Back

5. Definitions: 600 • Question: • The money you earn • Answer • income Back

6. Definitions: 800 • Question: • When there is not enough of something you want • Answer • scarcity Back

7. Definitions: 1000 • Question: • A person who buys goods or services • Answer • consumer Back

8. More Definitions: 200 • Question: • Things you would like to have • Answer • wants Back

9. More Definitions: 400 • Question: • An occupation or profession (your job) • Answer • career Back

10. More Definitions: 600 • Question: • Things you need in order to survive • Answer • needs Back

11. More Definitions: 800 • Question: • Things people can hold or touch • Answer • goods Back

12. More Definitions: 1000 • Question: • A way to exchange or trade • Answer • barter Back

13. Making A Decision: 200 • Question: • You can buy either a lollipop or gum. You choose the gum. What is your opportunity cost? • Answer • lollipop Back

14. Making A Decision: 400 • Question: • You can buy either a sandwich or pizza. You choose a sandwich. What is your opportunity cost? • Answer • pizza Back

15. Making A Decision: 600 • Question: • Food, home, clothes, PSP, water • What is the “want”? • Answer • PSP Back

16. Making A Decision: 800 • Question: • Computer, TV, car, home, umbrella • What is the “need”? • Answer • home Back

17. Making A Decision: 1000 • Question: • Your parents say you can get either a dog or a cat. You get a dog. What is your opportunity cost? • Answer • cat Back

18. Fill in the Blank: 200 • Question: • Pens, microwaves, DVD players, and telephones are examples of ____________ resources. • Answer • capital Back

19. Fill in the Blank: 400 • Question: • Police officers, firefighters, mail carriers, and doctors are examples of _____________ resources. • Answer • human Back

20. Fill in the Blank: 600 • Question: • Exchanging items without exchanging money is an example of ______________. • Answer • bartering Back

21. Fill in the blank: 800 • Question: • Trees, water, apples, and carrots are examples of ______________ resources. • Answer • natural Back

22. Fill in the Blank: 1000 • Question: • Video games, cell phones, and toys are examples of ______________. • Answer • wants Back

23. Miscellaneous: 200 • Question: • If you have a limited number of resources, what should you spend it on? • Answer • Needs-like food, water, clothing, shelter Back

24. Miscellaneous: 400 • Question: • Name an example of an occupation. • Answer • Teacher, police officer, professional football player, artist, etc. Back

25. Miscellaneous: 600 • Question: • If you run out of food at your holiday party, what is scarce? • Answer • food Back

26. Miscellaneous: 800 • Question: • Name a way to earn an income. • Answer • Work at a job or do chores Back

27. Miscellaneous: 1000 • Question: • What should you do if you want to buy something that you don’t have enough money for? • Answer • Save your money! Back

28. Bonus Question: 5000 pts. • Question: • Name the three types of resources. • Answer • … • Capital, human, and natural Back

29. Daily Double The Winner Of The Last Round Write Down How Much Money You Are Willing To Risk If You get the Question write you win that money If you get it wrong you Loss the money!

30. Daily Double The Winner Of The Last Round Write Down How Much Money You Are Willing To Risk If You get the Question write you win that money If you get it wrong you Loss the money!