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Jeopardy Economic Concepts Game

Engage students in learning economic principles through interactive Jeopardy game. Includes setup guidelines and game play instructions.

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Jeopardy Economic Concepts Game

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  1. Usage Guidelines for Jeopardy PowerPoint Game Game Setup • Right now, Click File > Save As, and save this template with a different file name. This will keep the template untouched, so you can use it next time! • Scroll through the presentation and enter the answers (which are really the questions) and the questions (which are really the answers). • Enter in the five category names on the main game board (Slide 4). Game Play • Open 2nd Slide, let the sound play. Click to 3rd Slide, let the sound play. Click to 4th Slide and show students the Game Board • As you play the game, click on the YELLOW DOLLAR AMOUNT that the contestant calls, not the surrounding box. • When the student answers, click anywhere on the screen to see the correct answer. Keep track of which questions have already been picked by printing out the game board screen (Slide 4) and checking off as you go. • Click on the “House / Home Icon” box to return to the main scoreboard. • Final Jeopardy – Go to Slide 3 and click “Final Jeopardy” button in the bottom right corner, click again for the Question, click again for final jeopardy sound, When that is finished playing click again for the answer slide.

  2. ??? ??? ??? ??? ??? 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 Final

  3. Fundamental Economic Problem Factors of production Circular Flow Economic Choices Misc. 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500

  4. The condition that results from society not having enough resources to produce all the things people would like to have.

  5. What is scarcity

  6. A basic requirement for survival.

  7. What is a need.

  8. Haircuts and appliance repairs are examples of ________.

  9. wants

  10. What economic concept is being depicted?

  11. There is no such thing as a free lunch.

  12. First team to correctly fill out and show me the graphic organizer above gets the points.

  13. The tools, equipment, machinery, and factories used in the production of goods and services.

  14. What is capital.

  15. ____________ are often thought of as being the driving force in an

  16. Entrepreneurs

  17. Identify and name all of the factors of production in the image below. DAILY DOUBLE

  18. 1. Land 2. Labor3. Capital (Shovel)4. Capital (Wheel barrel)

  19. Question 2-3

  20. Why are entrepreneurs considered the driving force in an economy?

  21. They start new businesses, bring new products to market and do something new with existing resoures.

  22. Fill in the four boxes below with Dominoes Pizza as the company.Give two examples for each factor of production.

  23. Cow Tomatoes Oven Marinara Sauce Cashier Pizza Maker Tom Monaghan

  24. Where the factors of production are bought and sold.

  25. What is the factor(resource) market.

  26. Consumers spend money in this market.

  27. What is the product market.

  28. 1. Identify #1 & #2 2.

  29. 1. Product Market2. Factor Market

  30. _______ provide land, capital, labor, and entrepreneurs to the factor market.

  31. What are individuals.

  32. 1. 2. 3. 4. What markets would these be found in on the circular flow chart?

  33. 1. Product2. Product3. Factor4. Factor

  34. Alternative that must be given up when one choice is made rather than another.

  35. What is a trade-off.

  36. The cost of the next best alternative.

  37. What is opportunity cost.

  38. What is the opportunity cost of going to college? For a bonus piece of candy what group can tell me the meaning of this cartoon.

  39. What is get a job The meaning of the cartoon is after graduating college you will have excessive student loan debt. The saying is you will be underwater.

  40. Which of the following must be true if an individual’s next best alternative to going to the beach is studying for an economics exam? • The opportunity costs is seeing their friends at the beach. • The person prefers playing volleyball at the beach to study for the exam • The opportunity cost of going to the beach is all the other things they could have done • The opportunity cost of going to the beach is being better prepared for the exam

  41. The opportunity cost of going to the beach is being better prepared for the exam

  42. If Jesse chose to purchase the NFL jersey what are her trade-offs?

  43. All of the alternatives.1. Video games2. Concert tickets3. MP3 player

  44. First team to stand up and form a human wall gets 100 points.

  45. Who is the founder of Under Armour?

  46. Who is Kevin Plank.

  47. What economic concept is being depicted in this cartoon?

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