Transcript Greek Jeopardy - Charles County Public Schools

Economic
Systems
Federal
Reserve
Economic
Terms
Trade
A Mix
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Economic
Systems
Federal
Reserve
Economic
Terms
Trade
A Mix
$100
$100
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$100
$200
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Economic Systems $100
A system where the government answers
the economic questions of what to
produce, how much to produce and for
whom to produce.
Economic Systems $100-Answer
What is a command
economy?
Economic Systems $200
Buyers and sellers answer the
economic questions of what to
produce, how much to produce and
for whom to produce.
Economic Systems $200-Answer
What is a market economy?
Economic Systems $300
Economic decisions are based on
the way things were done in the
past.
Economic Systems $300 Answer
What is a traditional
economy?
Economic Systems $400
An economic system that
has elements of a
command, traditional and
market economy.
Economic Systems $400-Answer
What is a market
economy?
Economic Systems $500
This term describes the
economy of the United
States.
Economic Systems $500-Answer
What is a mixed
economy?
Federal Reserve $100
Agency responsible for
monetary policy.
Federal Reserve $100-Answer
What is the Federal
Reserve?
Federal Reserve$200
The actions taken by the
Federal Reserve to control
the amount of money and
credit in the economy.
Federal Reserve $200-Answer
What is monetary
policy?
Federal Reserve $300
The interest rate the
Federal Reserve charges
other banks for overnight
loans.
Federal Reserve $300-Answer
What is the discount
rate?
Federal Reserve $400
A method the Federal
Reserve uses to control
inflation.
Federal Reserve $400-Answer
What is reduce the
money supply?
Federal Reserve $500
Three tools of the Federal
Reserve’s monetary policy.
Federal Reserve $500-Answer
What are (discount) interest
rates, reserve requirements
and open market operations
(buying and selling securities
or bonds)?
Economic Terms $100
The total dollar value of
all goods and services
produced in a country.
Economic Terms $100-Answer
What is the Gross
Domestic Product?
Economic Terms $200
Change in the value of
money resulting in higher
prices.
Economic Terms $200-Answer
What is inflation?
Economic Terms $300
Giving up the next best
thing when an economic
decision is made.
Economic Decision 300-Answer
What is an
opportunity cost?
Economic Terms $400
A measure of the
overall price level in
the economy.
Economic Terms -Answer
What is the
Consumer
Price Index?
Economic Terms $500
A slowdown in economic
activity for at least 6
months.
Economic Terms- $500 Answer
What is a
recession?
Trade $100
A tax or duty on
imports.
Trade $100-Answer
What is a tariff?
Trade $200
To engage in the exchange,
purchase or sale of resources,
goods or services.
Trade $200-Answer
What is trade?
Trade $300
This treaty promoted
increased trade between
Canada, Mexico and the
United States.
Trade $300-Answer
What is the North American
Free Trade Agreement
(NAFTA)?
Trade $400
Refusing to trade with
another country as a
foreign policy tool.
Trade $400-Answer
What is an
economic sanction?
Trade $500
This federal regulatory
agency promotes fair
business practices and
helps protect consumers.
Trade $500-Answer
What is the Federal Trade
Commission?
A Mix $100
Fiscal policy is
determined by these
branches of
government.
A Mix $100-Answer
What are the
legislative and
executive branches?
A Mix $200
Tools of fiscal policy.
A Mix $200-Answer
What is increasing or
decreasing taxes and
tariffs and/or
government spending.
A Mix $300
The absence of inflation
or deflation.
A Mix $300-Answer
What is price stability?
A Mix $400
Economic goals of the
United States monetary
and fiscal policy.
A Mix $400-Answer
What is economic growth, full
employment and price
stability?
A Mix $500
The international
organization of 184
countries designed to
promote monetary
cooperation and exchange
stability.
A Mix $500-Answer
What is the International
Monetary Fund?