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Learn about different types of resources and economies, including human resources, natural resources, and capital resources. Understand the concept of scarcity and the roles of producers and consumers in an economy.
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Jeopardy Resources 1 Resources 2 Goods & Services Type of economy Misc. Q $100 Q $100 Q $100 Q $100 Q $100 Q $200 Q $200 Q $200 Q $200 Q $200 Q $300 Q $300 Q $300 Q $300 Q $300 Q $400 Q $400 Q $400 Q $400 Q $400 Q $500 Q $500 Q $500 Q $500 Q $500 Final Jeopardy
$100 Question What is a worker in a factory?
$100 Answer A worker in a factory is a Human Resource.
$200 Question What is a tree?
$200 Answer A tree is a Natural Resource.
$300 Question What is Mr. Cookie Baker?
$300 Answer Mr. Cookie baker is a Human Resource.
$400 Question What is a pizza oven?
$400 Answer A pizza oven is a Capital Resource.
$500 Question Which resource is a dump truck?
$500 Answer A dump truck is a Capital Resource.
$100 Question What are money, tools, and equipment?
$100 Answer Money, tools, and equipment are Capital Resources.
$200 Question What was Mr. Cookie Baker’s Oven?
$200 Answer Mr. Cookie Baker’s oven was a Capital Resource.
$300 Question What are important capital resources of a farmer?
$300 Answer Capital resources of a farmer are the farm equipment.
$400 Question What resource was Mr. Cookie Baker?
$400 Answer Mr. Cookie Baker was a Human Resource.
$500 Question What Natural Resources are important for the farmer?
$500 Answer The Farmer’s Natural Resources that are important to him are soil and water.
$100 Question Is a teacher a good or does a teacher provide a service?
$100 Answer A teacher provides a service.
$200 Question Is a computer a good or a service?
$200 Answer A computer is a good.
$300 Question Is a house a good or a service?
$300 Answer A house is a good.
$400 Question Is a nurse a good or does a nurse provide a service?
$400 Answer A nurse provides a service.
$500 Question Is an artist and the painting a good or a service?
$500 Answer The artist provides a service, and the painting is a good.
$100 Question I go to Kroger to purchase groceries, what kind of economy is that?
$100 Answer It is a money economy.
$200 Question Pilgrims traded with the First Americans, what kind of economy was that?
$200 Answer The Pilgrims trading with the First Americans was a barter economy.
$300 Question Bobby traded his baseball cards for a new pair of shoes. What just happened here?
$300 Answer They bartered with each other.
$400 Question What economy uses cash?
$400 Answer The economy that uses cash is a Monitary (money) Economy.
$500 Question You go to the store with $3.00. You have just enough money to buy a model or a game. What do you make?
$500 Answer When you choose what to buy, you’re making an Economic Choice.
$100 Question There is not enough new Extra bouncy balls at Walmart for the people who want to purchase them. What is this called?
$100 Answer When there is not enough of something it is called a scarcity.
$200 Question I want both the dress and shoes. I only purchase the dress. What do you call the shoes?
$200 Answer The shoes are my opportunity cost.
$300 Question What do you call a person who makes a good?
$300 Answer A person who makes a good is a producer.
$400 Question What do you call a person who buys goods in a store?
$400 Answer A person who buys goods at a store is a consumer.
$500 Question What are workers who make a good?
