1 / 53

Jeopardy

Jeopardy. Basic Concepts. S/D. S/D2. Markets. 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.

xuxa
Download Presentation

Jeopardy

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Jeopardy Basic Concepts S/D S/D2 Markets 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

  2. $100 Question from Basics The economic problem all societies face

  3. $100 Answer from Basics What is a scarcity?

  4. $200 Question from Basics I want to watch Iron Man and The Hunger Games but only have time to watch Iron Man. Hunger Games is this.

  5. $200 Answer from Basics What is my opportunity cost?

  6. $300 Question from Basics This shows all possible combinations of ways resources can be allocated between two things.

  7. $300 Answer from Basics What is a PPF/PPC?

  8. $400 Question from Basics This shows the relationship between households and businesses regarding exchanges made between factor and product markets

  9. $400 Answer from Basics What is the circular flow model?

  10. $500 Question from Basics As you give up more and more of one thing for another you are faced with this

  11. $500 Answer from Basics What is increasing opportunity cost?

  12. $100 Question from S/D This has an inverse relationship

  13. $100 Answer from S/D What is demand?

  14. $200 Question from S/D The point of intersection of supply and demand

  15. $200 Answer from S/D What is equilibrium?

  16. $300 Question from S/D If demand for Oreos increase when the price of milk decreases, Oreos are this type of good

  17. $300 Answer from S/D What is complementary?

  18. $400 Question from S/D If demand for Ramen Noodles decreases as income increases this good is

  19. $400 Answer S/D What are inferior goods?

  20. $500 Question S/D A positive news article about how video games increase IQ is published which causes P and Q to change in this way

  21. $500 Answer S/D What is an increase in P and in Qd?

  22. $100 Question from S/D2 Coke and Pepsi are these types of goods

  23. $100 Answer from S/D2 What are substitutes?

  24. $200 Question from S/D What price increases, this also increases for supply

  25. $200 Answer from S/D What is quantity?

  26. $300 Question from S/D This happens on the S/D graph when computer input costs rise

  27. $300 Answer from S/D What is supply shifts the the left P increases Qs decreases?

  28. $400 Question from S/D This occurs when price is set above the Market equilibrium (hint: price floor)

  29. $400 Answer from S/D What is surplus (Qd < Qs)?

  30. $500 Question from S/D This is downward sloping and represents this law

  31. $500 Answer from S/D What is the demand curve; law of demand?

  32. $100 Question from Misc. When all income groups pay the same amount of tax

  33. $100 Answer from Misc. What is a flat/proportional tax?

  34. $200 Question from Misc. Income tax is an example of this

  35. $200 Answer from Misc What is a progressive tax?

  36. $300 Question from Misc This is type of good is both rival and excludable

  37. $300 Answer from Misc What is a private good?

  38. $400 Question from Misc As I eat ice cream I prevent my BFF from having any of it… this word describes this characteristic

  39. $400 Answer from Misc What is a rival good?

  40. $500 Question from Misc When people watch football from outside of the stadium they are considered these

  41. $500 Answer from Misc What are free riders?

  42. $100 Question from Markets The most competitive market

  43. $100 Answer from Markets What is a perfectly competitive market?

  44. $200 Question from Markets Occurs when it is more efficient for 1 firm to control the market

  45. $200 Answer from Markets What is natural monopoly?

  46. $300 Question from Markets An illegal agreement between firms

  47. $300 Answer from Markets What is collusion?

  48. $400 Question from Markets Emphasizing the brand name of a product is this (2 words- commonly associated with monopolistic competition)

  49. $400 Answer from Markets What is product differentiation?

  50. $500 Question from Markets This type of efficiency occurs where production is least costly

More Related