Transcript Jeopardy - lc

Jeopardy
Command
Mixed
Free Enterprise
Terms
3 Basic
Question
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Free
Enterprise
Misc
Final Jeopardy
$100 Question from Terms
Name the 3 Types of Business Organinzations
$100 Answer from Terms
Sole Propitorship (1 personal owner)
Partnership (2+ personal owners)
Corporation (owned by stock)
$200 Question from Terms
The increase in a nations total
Output of goods and services over
time
$200 Answer from Terms
What is Economic Growth
$300 Question from Terms
Nothing in life is free because
Of this term
$300 Answer from Terms
What is Opportunity Cost
$400 Question from Terms
The fundamental problem of
Economics (why you have to choose)
$400 Answer from Terms
What is Scarcity
$100 Question from 3 Basic
Questions
In a free enterprise country
These questions are mostly
Answered by.
$100 Answer from 3 Basic
Questions
What is People
$200 Question from 3 Basic
Questions
In a Traditional economy these
Questions are answered by?
$200 Answer from 3 Basic
Questions
What is tradition (family background)
$300 Question from 3 Basic
Questions
In this economic system
The 3 questions are answered mostly
By the Government
$300 Answer from 3 Basic
Questions
What is command economy
$400 Question from 3 Basic
Questions
Which of these words would NOT be part of the
3 basic questions. When, Who, How, What
$400 Answer from 3 Basic
Questions
What is When!
$500 Question from 3 Basic
Questions
Name all 3 Basic Questions
$500 Answer from 3 Basic
Questions
1. How to produce
2. What to produce
3. For Whom to produce (who gets it)
$100 Question from Command or
Mixed or Free Enterprise
The United States is mostly this
$100 Answer from Command or
Mixed or Free Enterprise
What is Free Enterprise (
$200 Question from Command or
Mixed or Free Enterprise
Economic system in which a central
Authority would make most decisions
$200 Answer from Command or
Mixed or Free Enterprise
What is Command Economy
$300 Question from Command or
Mixed or Free Enterprise
Ignores the basic needs and wants
Of consumers.
$300 Answer from Command or
Mixed or Free Enterprise
What is Command Economy
Hint: The Gov’t thinks it knows
Best instead of people/consumers
$400 Question from Command or
Mixed or Free Enterprise
High Degree of individual freedom
However does not provide for
everyone
$400 Answer from Command or
Mixed or Free Enterprise
What is Free Enterprise
Hint: We have
poor
$500 Question from Command or
Mixed or Free Enterprise
Name all SYNONYMS
For Command & Free Enterprise
$500 Answer from Command or
Mixed or Free Enterprise
Command = Socialism
Free Enterprise = Market Economy
= Capitalism
$100 Question from Free Enterprise
Which feature of Free Enterprise
Allows buyers and sellers to engage
Freely and willingly in markets
To become better off
$100 Answer from Free Enterprise
What is Voluntary Exchange
$200 Question from Free Enterprise
Even though the United States
Is Free Enterprise country name at
Least 2 Public Goods or Services
That are SOCIALIST
$200 Answer from Free Enterprise
Lots of answers
Minimum Wage
Social Security
Welfare
$300 Question from Free Enterprise
Name the feature of Free Enterprise
Allows buyers and sellers to engage
Freely and willingly in markets
To become better off
$400 Question from Free Enterprise
Why are Entrepreneurs important
To Free Enterprise
$400 Answer from Free Enterprise
What is Entrpreneurs develop
New ideas, New Businesses, and
New Products
$500 Question from Free Enterprise
Which of the following would you
Most likely find in a Market (FE) economy
A) Gov’t official deciding car designs
B) A hunter deciding where to hunt
C) A worker leaving early because his Production
Quota is met (orders how much to make)
D) A teenage girl deciding where to spend her money
she earned working overtime
E) Gov’t official providing for the poor
$500 Answer from Free Enterprise
What is a teenage girl.
Think about it, she works extra (overtime)
For incentive (money) and
shops (voluntary exchange)
The two Gov’t ones were command
The hunter was traditional
And worker with a set goal (command)
was more mixed
$100 Question from Misc
What law supports the Goal
Of Economic Equity?
$100 Answer from Misc
What is minimum wage?
Equity = Equal word wise
And Minimum Wage helps make it SLIGHTLY
more equal (though its not even close)
$200 Question from Misc
Who plays all the rolls of Protector,
Provider, Regulator, and Consumer
In the United States
$200 Answer from Misc
What is Government?
Protector: Police/Fire/Military/Courts
Provider: Roads/Dams/Even little welfare
Regulator: Clean Air/Water/Pollution
Consumer: Buys Tanks/Planes/etc
$300 Question from Misc
Name all 4 factors of production
$300 Answer from Misc
What is Land, Labor, Capital
And Entrepreneurship
$400 Question from Misc
In the circle of economic activity
Answer both blanks
Individuals purchase goods from the
________. They earn their income
From the ________.
$400 Answer from Misc
Individuals purchase goods from the
_Products Market_______. They earn their incom
From the _Factors
Market_______.
$500 Question from Misc
Why might the goal of Economic
Equity CONFLICT with goals like
Economic Freedom
Full Employment
Economic Growth
$500 Answer from Misc
What is …. (answers vary)
Economic Equity = taxing rich more
or minimum wage
It’s against Freedom to pay people
what you want. Can cost some jobs
since if I have to pay more I might
hire less. Less working = less
products/Growth
Jeopardy
Terms
Demand
Supply
Price
S&D
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
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Q $500
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Q $500
Final Jeopardy
$100 Question from Terms
The price where Supply
And Demand meet?
$100 Answer from Terms
Equilibrium Price
$200 Question from Terms
If the price of a product is $30
And at $30 the QS is 10
And at $30 the QD is 40
What is there at $30
$200 Answer from Terms
A shortage
((Which would then raise up prices
Prices too low lead to shortages
And cause prices to go back up to
Equilibrium
$300 Question from Terms
McDonalds and Burger King
would be Great examples of
what term?
$300 Answer from Terms
Substitutes
$500 Question from Terms
What term would deal with behavior & decisions
Made by INDIVIDUAL units
Hint: _____ (word from science meaning small)
+
_____ (word meaning study of choices)
$500 Answer from Terms
MICRO ECONOMICS
$100 Question from Demand
As price of a product increases
Quantity Demanded of that product?
$100 Answer from Demand
QD decreases
((Price and Quantity Demanded
On shaker products are opposite))
$200 Question from Demand
What is the QD at a
Price of $12?
$200 Answer from Demand
At $12
800 DVDs
$300 Question from Demand
Which of these
Lines would be:
Original Demand
“Less” Demand
“More” Demand
Price
D2
D3
Quantity
D1
$300 Answer from Demand
Original Demand = D1
“Less” Demand = D3
“More” Demand = D2
Price
D2
D3
Quantity
D1
$500 Question from Demand
Name at least 3 of the 5 Factors
That can shift the whole demand
curve
$500 Answer from Demand
Consumer Income
Consumer Tastes / Preferences
Subtitutes
Compliments
Expectations
$100 Question from Supply
As price of a product increases
Quantity Supplied of that product?
$100 Answer from Supply
As Price Inc Quantity Supplied INC
Not saying anyone will “buy” it.
But people will become more willing to “sell”
At $50, I’d be willing to supply my time to cut
My neighbors yard ((course he wouldn’t demand/buy
It at that price))
$200 Question from Supply
What is the QS
Of DVDs at
$18 ?
$200 Answer from Supply
At $18
QS = 1000
((Notice:
( as P up = QS up
P down = QD down
$300 Question from Supply
Which of these
Lines would be:
Original Supply
“More” Supply
“Less” Supply
S3
S1
Price
S2
Quantity
$300 Answer from Supply
Original Supply = S1
“More” Supply = S2
“Less” Supply = S3
S3
S1
Price
S2
Left = Less Right = More
Quantity
$500 Question from Supply
Name at least 4 of the 7 Factors
That can shift the whole supply
curve
$500 Answer from Supply
Cost of Resources
Productivity
Producing Technology
Taxes/Subsides
Expectations
Government Regulations
Number of Sellers
$100 Question from Price
What determines the price (value of
A product?)
$100 Answer from Price
Supply And Demand
((Which in a Market Economy
Just run’s itself. It happens naturally
Like it did with our sheep game))
$300 Question from Price
How can you tell on GRAPH
And on a T-Table what the Equilibrium
Price is.
Demand AND Supply
Price
Quantity Demanded
Quantity Supplied
$5
30
5
$10
28
8
$15
26
11
$20
24
14
$25
22
17
$30
20
20
$35
18
23
$40
16
26
$45
14
29
$50
12
32
$300 Answer from Price
On a graph: its where X marks the spot
where S & D cross
On a table: it’s the price where the QS = QD
(($30 on table. QD = QS = 20))
Demand AND Supply
Price
Quantity Demanded
Quantity Supplied
$5
30
5
$10
28
8
$15
26
11
$20
24
14
$25
22
17
$30
20
20
$35
18
23
$40
16
26
$45
14
29
$50
12
32
$100 Question from Supply &
Demand
Pick Answer
“More Demand” “Less Demand”
“More Supply” “Less Supply”
The government puts a new quota
On Toyota (Japense) cars. What happens
To cars? (pick 1)
$100 Answer from Supply &
Demand
Pick Answer
“More Demand” “Less Demand”
“More Supply” “Less Supply”
Quota = Effect Supply
New/Worse Quota = “Less Supply”
$200 Question from Supply &
Demand
Pick Answer
“More Demand” “Less Demand”
“More Supply” “Less Supply”
Ashton Kutcher uses Cool-pix Cameras
$200 Answer from Supply &
Demand
Ashton Kutcher is attempting
To influence demand (buying) of cameras
He’s popular so there would be
“More Demand”
$300 Question from Supply &
Demand
Pick Answer
“More Demand” “Less Demand”
“More Supply” “Less Supply”
The Lions go back to being
A complete loser of a team
1-15 type.
$300 Answer from Supply &
Demand
Lion’s quality would effect
Demand for their tickets/products
A bad team = less demand
$400 Question from Supply &
Demand
2.50
S1
2.25
2.00
S2
1.75
PRICE
1.50
1.00
.50
0 0
D1
10
20
30
40
50
60
QUANTITY
70
80
90
100
Pick Answer
“More Demand”
“Less Demand”
“More Supply”
“Less Supply”
What is this graph showing ?
$400 Answer from Supply &
Demand
2.50
S1
2.25
2.00
S2
1.75
PRICE
1.50
1.00
.50
0 0
D1
10
20
30
40
50
60
QUANTITY
70
More Supply.
80
90
100
Pick Answer
“More Demand”
“Less Demand”
“More Supply”
“Less Supply”
$500 Question from H5
Pick Answer
“More Demand” “Less Demand”
“More Supply” “Less Supply”
Which TWO of these can cause price
To go up?
$500 Answer from Supply &
Demand
Prices up = “More Demand”
AND
“Less Supply”
((So goes way up if both))
1000 Point Final Jeopardy
In what TWO ways does Supply
and Demand Effect your life and choices?
1000 pt Final Jeopardy
Answer
Price you pay for stuff
(Buying)
Price you get for stuff/job
(Selling your job)
AKA Income!
Jeopardy
GDP
Inflation or
Unemployment
Money
FED &
Money Supply
Investments
Q $100
Q $100
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Q $200
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Q $400
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Q $500
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Q $500
Final Jeopardy
$200 Question from GDP
During an Expansion what is the
GDP doing?
$200 Answer from GDP
Going up
$300 Question from GDP
What is it called that the GDP
Goes back and forth from contracting
To expanding?
$300 Answer from GDP
Business Cycle
$400 Question from GDP
What are the high AND low
GDP points in the business cycle?
$400 Answer from GDP
Peak = High
Trough = Low
$500 Question from GDP
Of the following people two are in GDP
1) Services completed by a company
2) The value of doing your own home repairs
3) The sale of a used car
4) The value of buying a new house
$500 Answer from GDP
1)
Services completed by a company (YES!)
2) The value of doing your own home repairs (No under the table)
3) The sale of a used car (No Used!)
4) The value of buying a new house (Yes!)
$100 Question from Inflation or
Unemployment
When these measures are high
Or going up. They could either
By caused by, or cause what?
$100 Answer from Inflation or
Unemployment
Recession
$200 Question from Inflation or
Unemployment
Inflation (or Deflation) is measured
Looking at the ?
$200 Answer from Inflation or
Unemployment
CPI (Consumer Price Index)
$400 Question from Inflation or
Unemployment
If you choose not to work or are
Disabled you are NOT unemployed
Because you are not:
$400 Answer from Inflation or
Unemployment
Not: in the Labor Force
$500 Question from Inflation or
Unemployment
If your doing a job for which
You are way overqualified you
Are considered?
$500 Answer from Inflation or
Unemployment
Underemployed
$100 Question from Money
What document gives Congress
Power over money?
$100 Answer from Money
The Constitution
$200 Question from Money
What was the ancient type of money
Where the money could both be used
For a purpose and spend
$200 Answer from Money
Commodity Money (arrowheads for
Example)
$300 Question from Money
What protects your money in
A bank and how much is protected?
$300 Answer from Money
FDIC = $250,000
$100 Question from The FED
and Money Supply
Deliberate control of the
Money Supply by the FED is called?
$100 Answer from The FED and
Money Supply
Monetary Policy
$200 Question from The FED
and Money Supply
3 Purposes the FED controls
The money supply
$200 Answer from The FED and
Money Supply
1) Prevent Recession
2) Reduce Unemployment
3) Fight High Inflation
((Remember 2 & 3 are Opposite answers
So it makes the FED’s Job very hard))
$400 Question from The FED
and Money Supply
Which of the following would the FED do
If it was worried about high inflation?
1) Raise Taxes
2) Lower Taxes
3) Raise Interest Rates 4) Lower Interest Rates
$400 Answer from The FED and
Money Supply
High Inflation = Raise Interest Rates
((Makes it harder to borrow money and
Slows inflation/economy. ))
The tax options were tricks. Those are
fiscal options the Pres./Congress can do not
bank options the Fed does.
$100 Question from Investments
What are the two factors that
People need to consider when
Making any type of investment?
$100 Answer from Investments
Risk vs. Return
$200 Questions from Investments
Match the type of Bond
(one used twice)
Gov’t Savings =
State Gov’
Municipal
Federal Gov't
Junk
Local Gov’t
Riskiest
$200 Answer from Investments
Match the type of Bond
Gov’t Savings = Federal
Municipal = State & Local
Junk = Riskiest
$300 Question from Investments
__________ are collections of stocks
Purchased by a professional. You can
Even by them that tie directly to popular
Stock benchmarks/indexes like Standard and
Poors Or ____________________
$300 Answer from Investments
Mutual Funds
Dow Jones Industrial Average
$400 Question from Investments
If the business you work for pays you money regularly
After you retire you have a __________.
If they don’t (and its becoming rarer and rarer)
You can take money out of your paycheck tax deferred
To act a personal version with a _____________.
$400 Answer from Investments
Pension = Company Paid
401K = you pay out of your paycheck
$500 Question from Investments
While many investments are good over _____
Periods of time. It is important to ________
Which means to spread your money around to reduce
Risk.
$500 Answer from Investments
While many investments are good over LONG
Periods of time. It is important to DIVERSIFY
Which means to spread your money around to reduce
Risk.
Final Jeopardy
Name all 5 Unemployment Examples
1) Construction Worker Can’t Work in Winter ==
2) Factory Worker laid off specifically because of Recession =
3) Worker who quits while looking for work =
4) Worker laid off because his job is outsourced to china =
5) Worker replaced by computer making robo calls =
Work Bank
Frictional, Structural, Cyclical, Technological,
Seasonal
Final Jeopardy Answer
Name all 5 Unemployment Examples
1) Construction Worker Can’t Work in Winter SEASONAL
2) Factory Worker laid off specifically because of Recession CYLICAL
3) Worker who quits while looking for work FRICTIONAL
4) Worker laid off because his job is outsourced to china STRUCTURAL
5) Worker replaced by computer making robo calls TECHNOLOGICAL
Work Bank
Frictional, Structural, Cyclical, Technological,
Seasonal
Jeopardy
Terms
Types of
Taxes
Specific
Taxes
Q $100
Q $100
Q $100
Q $100
Q $100
Q $200
Q $200
Q $200
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Q $300
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Q $400
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Q $500
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Q $500
Misc
Read the
Graphs!
Final Jeopardy
$200 Question from Terms
What do you call the money
the government gets from taxes?
$200 Answer from Terms
Revenue
$300 Question from Terms
What do you call Government Spending?
$300 Answer from Terms
Expenditure
$400 Question from Terms
When Gov’t Expenditure > Gov’t Revenue
The gov’t is using _____________ (2 words)
This yearly amount adds up to the total owed
Which is called the ____________ (2 words)
$400 Answer from Terms
When Gov’t Expenditure > Gov’t Revenue
The gov’t is using Deficit Spending (2 words)
This yearly amount adds up to the total owed
Which is called the National Debt (2 words)
$500 Question from Terms
What is it called for the Government to
Manipulate taxes to manage the economy?
$500 Answer from Terms
Fiscal Policy
((Used to try and keep us booming))
$100 Question from Types of
Taxes
Type of Tax where everyone pays
The same percentage regardless of
Income?
$100 Answer from Types of
Taxes
Proportional Tax
$200 Question from Types of
Taxes
Type of Tax that hits the poor
Harder (percentage wise)
$200 Answer from Types of
Taxes
Regressive Tax
((Taxes on necessities like food
Tend to be regressive))
$300 Question from Types of
Taxes
Type of Tax that hits the Rich
Harder % wise
$300 Answer from Types of
Taxes
Progressive Tax
$400 Question from Types of
Taxes
If the Income Gap in America
Was too large. You could shrink it
By making the US Tax Code
Less _________ & More ________
$400 Answer from Types of
Taxes
If the Income Gap in America
Was too large. You could shrink it
By making the US Tax Code
Less Regressive & More Progressive
$500 Question from Types of
Taxes
What type of tax is the
US Income Tax Code now &
Who enforces paying it?
$500 Answer from Types of
Taxes
US Income Tax already = Progressive Tax
And it’s collected by the IRS
$100 Question from Specific
Taxes
What is the tax on inheritance /property
When someone dies?
$100 Answer from Specific Taxes
What is the tax on inheritance /property
When someone dies?
Answer: Estate Tax
$200 Question from Specific
Taxes
What is the Tax on specific products
Like Gasoline, or Liquor, or Cigarettes?
$200 Answer from Specific Taxes
What is the Tax on specific products
Like Gasoline, or Liquor, or Cigarettes?
Answer: Excise Tax
$300 Question from Specific
Taxes
What is the Tax on Corporate Profits?
$300 Answer from Specific Taxes
What is the Tax on Corporate Profits?
Answer: Corporate Income Tax
Side Note: You often here this is too high %
but America only taxes profits
and after deductions/expenses
companies often pay way way less
$400 Question from Specific
Taxes
What is the Tax on Transfer of $ or Wealth?
$400 Answer from Specific Taxes
What is the Tax on Transfer of $ or Wealth?
Answer: Gift Tax
$500 Question from Specific
Taxes
What is the Tax on a good brought into
The US from another country?
$500 Answer from Specific Taxes
What is the Tax on a good brought into
The US from another country?
Answer: Custom Duty
(When band goes to London that’s why
in Airport you see Duty Free Stores)
$100 Question from Misc
Name the 3 Levels of Gov’t
$100 Answer from Misc
Federal
State
Local
$200 Question from Misc
What is the study of the “Whole Economy”
So would cover things like Wage Rate,
Gov’t Revenue, Gov’t Expenditure
$200 Answer from Misc
What is the study of the “Whole Economy”
So would cover things like Wage Rate,
Gov’t Revenue, Gov’t Expenditure
Answer: MACROeconomics
$300 Question from Misc
Libraries, Roads, Schools are examples
Of _____________ (2 words) because
they are provided by (paid for by)
the Government.
$300 Answer from Misc
Libraries, Roads, Schools are examples
Of Public Goods (2 words) because
they are provided by (paid for by)
the Government.
$500 Question from Misc
Gov’t often gets a lot of its money from other
levels of Gov’t which is called Intragovernmental
Revenue.
BUT! Not including that, each level of gov’t gets
Most of it’s money from one main tax type.
Name them!
Federal =
State =
Local =
$500 Answer from Misc
Federal = Income Tax
State = Sales Tax
Local = Property Tax
$100 Question from Read the Graphs
The more education you have the lower unemployment is & the
higher income is. For a Bachelor Degree you would get
__________ unemployment & _______ weekly income
Which would be about __________ a month.
$100 Answer from Read the Graphs
The more education you have the lower unemployment is &
the higher income is. For a Bachelor Degree you
would get 5.2% unemployment & $1,025 weekly income.
Which would be about $4100 a month.
$300 Question from Read the Graphs
Name 1st & 2nd Highest Incomes for
Both State & Local Governments?
$300 Answer from Read the Graphs
State 1) Intragovernmental Revenue 2) Sales Tax
Local 1) Intragovernmental Revenue 2) Property Tax
(Intergovernmental = money one level gives another
like Federal Government gives to States/Local)
$500 Question from Read the Graphs
The Top Graph shows Gov’t Spending is usually _______ than Gov’t
revenue. The exception are the lines above _____ where
where the government actually had a positive annual budget.
$500 ANSWER from Read the Graphs
The Top Graph shows Gov’t Spending is usually HIGHER(Exceeds)
Gov’t revenue. The exception are the lines above 0% where
where the government actually had a positive annual budget.
1000 Pt Final Jeopardy
Given the Characteristics below FILL in the 4 Types of Businesses
Characteristics of Market Structures
Number
of Firms in
Industry
Influence over
Price
Entry into
Markets
Examples
#1
Few
Some
Difficult
Cell Phones
#2
One
Extensive
Almost
Impossible
Electric
company
Many
None
Easy
Farming
Many
Limited
Easy
Clothing Stores
Market
Structure
#3
#4
1000 pt Final Jeopardy Answer
Given the Characteristics below FILL in the 4 Types of Businesses
Characteristics of Market Structures
Market
Structure
Number
of Firms in
Industry
Influence over
Price
Entry into
Markets
Examples
Oligopoly
Few
Some
Difficult
Cell Phones
One
Extensive
Almost
Impossible
Electric
company
None
Easy
Farming
Limited
Easy
Clothing Stores
Monopoly
Perfect
Competition
Monopolistic
Competition
Many
Many
Jeopardy
Trade
Terms
Trade Barrier
Protectionism Misc
Q $100
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Final Jeopardy
$100 Question from Trade
A country that is able to produce
A product more efficiently than
Another country has?
$100 Answer from Trade
Comparative Advantage
$200 Question from Trade
If country A is better at producing
Everything than country B,
Then country A has a ???
$200 Answer from Trade
Absolute Advantage
((Still trade in what you have
A comparative advantage in))
$300 Question from Trade
“Do what you do best,
Trade for the rest”
Means you should ___________?
$300 Answer from Trade
Specialize
$400 Question from Trade
Globalization generally leads to
An _________ in economic ________
(Because we rely on other countries and
They rely on us.)
$400 Answer from Trade
Globalization generally leads to
An INCREASE in economic INTERdependance
(Because we rely on other countries and
They rely on us.)
$100 Question from Terms
The USA gets ________ from other countries.
The USA sends ________ to other countries.
$100 Answer from Terms
The USA gets IMPORTS from other countries.
The USA sends EXPORTS to other countries.
$200 Question from Terms
What word means I depend
On you, and you depend on me?
$200 Answer from Terms
INTERdependance
$400 Question from Terms
What kinds of countries face obstacles
Like Debt, Lack of Education,
Poor Technology, Government Corruption
Disease?
$400 Answer from Terms
Developing Countries
$500 Question from Terms
What word describes more companies
Hiring outside firms to perform
Jobs at lower cost (in another country)
$500 Answer from Terms
Outsourcing
$100 Question from Trade
Barriers
If America places a tax on foreign Japanese
Playstation3s, in order to protect less
Efficient US Xbox, they are using a
(2 words)
$100 Answer from Trade Barriers
Protective Tariff
$200 Question from Trade
Barriers
The purpose of Tariffs and Quotas
Is?
$200 Answer from Trade Barriers
To protect:
Jobs or Industry
$300 Question from Trade
Barriers
The United States is mostly Free Enterprise
So it mostly believes in Free Trade.
As such, to reduce Tariffs between USA,
Canada, and Mexico it signed what controversial
Treaty? (letters are fine)
$300 Answer from Trade Barriers
N.A.F.T.A.
$400 Question from Trade
Barriers
This is the legal limit on amount
Of imports allowed into a country?
$400 Answer from Trade Barriers
Quota
$500 Question from Trade
Barriers
This trade barrier is when a company
Gets tax money from their government
to protect/help their industry?
$500 Answer from Trade Barriers
Subsidy or Subsidize
$200 Question from
Protectionism
Some things like Steel, Cars, Weapons
Are so essential you don’t want America
To rely on foreign trade (even if more efficient)
so you protect US industries for what reason?
$200 Answer from Protectionism
National Defense Argument
$100 Question from Misc
What do you call a company
That produces and sells worldwide?
$100 Answer from Misc
Multinational
$200 Question from Misc
What is the price of ones countries
Currency in terms of another?
$200 Answer from Misc
Exchange Rate
((Countries sometimes manipulate this to gain an edge in trade))
$300 Question from Misc
Every country should encourage
_______ trade (rather than “Free Trade”)
Which is a marketplace where everyone
Can benefit.
$300 Answer from Misc
Every country should encourage
FAIR trade (rather than “Free Trade”)
Which is a marketplace where everyone
Can benefit. (So no “Dumping” or lying
About Safety Standards)
$400 Question from Misc
More and more people on Earth is
Called ________________.
This leads to more and more trade opportunities.
$400 Answer from Misc
More and more people on Earth is
Called GLOBAL POPULATION GROWTH.
This leads to more and more trade opportunities.
$500 Question from Misc
A country with relatively low money
Is called ?
$500 Answer from Misc
Developing Countries
1000 point Final Jeopardy
Developing countries often face problems.
Of the 5 main problems. Name 4
Final Jeopardy Answer
Developing countries often face problems.
Of the 5 main problems. Name 4
1) Debt (low money)
2) Lack of Education
3) Poor Technology
4) Government Corruption
5) Disease