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Engage in a fun game of Economics Jeopardy to learn about factors of production, economic questions, types of economies, and more. Play through rounds and Final Jeopardy to challenge your knowledge!
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Welcome to Jeopardy!
Directions: • Scroll through the presentation and enter the answers (which are really the questions) and the questions (which are really the answers). • Enter in the categories on the main game boards. • As you play the game, click on the TEXT DOLLAR AMOUNT that the contestant calls, not the surrounding box. • When they have given a question, click again anywhere on the screen to see the correct question. Keep track of which questions have already been picked by printing out the game board screen and checking off as you go. • Click on the “Game” box to return to the main scoreboard. • Enter the score into the black box on each players podium. • Continue until all clues are given. • When finished, DO NOT save the game. This will overwrite the program with the scores and data you enter. You MAY save it as a different name, but keep this file untouched!
FinalJeopardy Round 1 Round 2 TEAM 1 TEAM 2 TEAM 3
TEAM 3 TEAM 4 TEAM 5 TEAM 6 TEAM 7 TEAM 8 TEAM 2 TEAM 1 FinalJeopardy Round 1 Round 2
Economics 101 Factors of Production and Curves Kinds of Economies Key Economic Questions Potpourri Round 1 $25 $25 $25 $25 $25 Round 2 $50 $50 $50 $50 $50 Final Jeopardy $75 $75 $75 $75 $75 Scores $100 $100 $100 $100 $100
$25 The Purpose of a production possibilities curve
$25 Scores To show alternative ways to use an economy’s resources
$50 An economy that uses its resources to make the most goods and services possible is called this…
$50 Scores efficient
$75 When a government must make a decision between military spending and subsidizing wheat farmers it is referred to as this kind of decision
$75 Scores Guns or Butter
$100 The most desirable alternative given up for a decision
$100 Scores Opportunity Cost
$25 What term do economists use to describe these ‘factors of production’ – iron ore, natural gas, fertile soil, water, property
$25 Scores land
$50 The saws and drills and other equipment used by a woodworker are referred to as this…
$50 Scores Physical capital
$75 A new innovation lowers the cost of production – what effect would this have on the Production Possibilities Curve?
$75 Scores Move it to the right
Daily Double
$100 If a nation loses land after a military defeat – how would this effect the production possibility curve?
$100 Scores Move it down and to the left
$25 If the government owns all land and capital, what kind of economy are we likely to find?
$25 Scores Centrally planned economy
$50 The struggle between various producers for a customer’s business
$50 Scores competition
$75 In this kind of economy, the government needs to intervene to provide things the marketplace does not address
$75 Scores Free market economy
$100 One of the most important advantages of this kind of economy is that it encourages economic growth
$100 Scores Free market economy
$25 What should be produced? How should goods and services be produced? Who consumes goods and services? These are examples of what…
$25 Scores The Key Economic Questions
$50 The process of specialization does what for an economy?
$50 Scores Creates efficiency
$75 What incentive motivates a manufacturer to sell a product?
$75 Scores profit
$100 What is the function of an economic system?
$100 Scores To produce and distribute goods and services (to answer the key economic questions)
$25 In a pure free economic system, what economic goal is difficult to achieve?
$25 Scores Economic equity
$50 A person believes that real equity can only exist when political equality is coupled with economic equality. This person believes that democratic means should be used to distribute wealth evenly. This person is most likely labeled as a …..
$50 Scores socialist
$75 That most workers have job security is a strength of what kind of economic system?
$75 Scores Centrally planned
$100 Why does the government use its power to make sure businesses disclose information?
$100 Scores To make buyers more knowledgeable and safe
Scores Externalities Demand Supply Money Finance Round 2 $50 $50 $50 $50 $50 Round 1 $100 $100 $100 $100 $100 Final Jeopardy $150 $150 $150 $150 $150 $200 $200 $200 $200 $200
$50 An economic side effect that generates unexpected benefits
$50 Scores Positive externality
$100 What effect does new technology usually have on an economy?
