Transcript Review Game

Basic
Economics
Economic
Indicators
Money
Budgeting
Misc
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What is the basic problem of
economics?
Pricing
Scarcity
Consumer behavior
Government policies
What is the basic problem of
economics?
Scarcity
What goods and services should
be produced, how they should be
produced, and who should share
in what I s produced are three
basic questions addressed by:
Market economies
Command economies
Mixed economies
All economies
What goods and services should
be produced, how they should be
produced, and who should share
in what I s produced are three
basic questions addressed by:
All economies
The value of the next best
alternative that has to be given up
for the action that is chosen is the
Factor of production
Trade-off.
Opportunity cost
Productivity
The value of the next best
alternative that has to be given up
for the action that is chosen is the
Opportunity cost
Which of the following is a
function of money?
Interest-bearing instrument
Checkable deposits
Medium of exchange
Stability of value
Which of the following is a
function of money?
Medium of exchange
What are the FOUR Factors of
production?
What are the FOUR Factors of
production?
land, labor, capital, and
entrepreneurship
High unemployment is usually a
sign that
a. The economy is getting better
b. Government spending is on the
increase
c. Purchasing has slowed
d. Government has increased the
money supply
High unemployment is usually a
sign that
c. Purchasing has slowed
Economists use economic indicators to
a. determine national income and real GDP.
B. explain the depreciation of capital
goods.
C. decrease government regulation in many
industries.
d. assess the economy and predict its future
course.
Economists use economic indicators to
d. assess the economy and predict its future
course.
The total dollar value of all the nation’s
final goods and services produced over
the course of a year is called
a.net exports
b.national income accounting
c.disposable personal income (DPI)
d.gross domestic product (GDP)
The total dollar value of all the nation’s
final goods and services produced over
the course of a year is called
gross domestic product (GDP)
What happens when inflation occurs?
What happens when inflation occurs?
The purchasing power of the dollar
decreases
The part of the business cycle in
which the economy starts to slow
down is called a
The part of the business cycle in
which the economy starts to slow
down is called a
Contraction
The Dow Jones Industrial
Average is:
A mutual fund
Another name for the S&P 500
Traded over-the-counter
A stock market index
The Dow Jones Industrial
Average is:
A stock market index
The Federal Reserve System was
established to
a. ensure a safe and uniform
currency.
b. regulate thrift institutions.
c. establish a gold standard.
d. control the amount of money
in circulation.
The Federal Reserve System was
established to
a. ensure a safe and uniform
currency.
An APR of 16% means you pay
a.$16 per year on every $100 you owe
b. $16 per year on every $1000 you owe
c. $16 per month on every $100 you owe
d. A $16 annual fee
An APR of 16% means you pay
a.$16 per year on every $100 you owe
Compared to a stock, a bond
provides a
a. higher dividend.
B. higher level of risk.
C. lower dividend.
d. lower level of risk.
Compared to a stock, a bond
provides a
d. lower level of risk.
To what agency must you file
your taxes?
a. Federal Reserve
b. Supreme Court
c. Internal Revenue Service
d. Federal Deposit Insurance
Corporation
To what agency must you file
your taxes?
c. Internal Revenue Service
Expenses that fluctuate (change
each month) are
Fixed expenses
Variable expenses
Regular expenses
Withholding
Expenses that fluctuate (change
each month) are
Variable expenses
What do you have to pay when
you borrow funds?
Principal plus collateral
Principal plus interest
The amount you borrowed
Twice the amount of the loan
What do you have to pay when
you borrow funds?
Principal plus interest
Give an example of a fixed
expense
Give an example of a fixed
expense
Mortgage, rent, insurance, car
payment
__________________ is the process of
comparing the bank balance to the
checkbook balance.
a. Check register
b. Restrictive endorsement
c. Reconciling (balancing) the account
d.Net deposit
__________________ is the process of
comparing the bank balance to the
checkbook balance.
c. Reconciling (balancing) the account
A credit card is:
a. credit which must be repaid in a series of
equal payments
b. pre-approved credit which can be used for
the purchase of goods and services now and
payment of them later
c. a plastic card that is electronically
connected to the cardholder’s bank account
d. None of the above
A credit card is:
b. pre-approved credit which can be used for
the purchase of goods and services now and
payment of them later
It is easier to start your own
business in a
Command economy
Controlled economy
Traditional economy
Free enterprise system
It is easier to start your own
business in a
Free enterprise system
The economic goals of the
American free-enterprise system
include
Freedom, equity, and growth
Profit, traditions, and government
control
Socialism that evolves into pure
communism
Choice, central planning and security
The economic goals of the
American free-enterprise system
include
Freedom, equity, and growth
The interaction of supply and
demand determines the
Elasticity
Price ceiling
Equilibrium price
Marginal utility
The interaction of supply and
demand determines the
Equilibrium price
When the tax rate increases as
your income goes up, this is an
example of:
Progressive taxes
Regressive taxes
Proportional taxes
Recessive taxes
When the tax rate increases as
your income goes up, this is an
example of:
Progressive taxes
If the price of a product is above
its equilibrium price, the result is
Demand
Surplus
Shortage
Black market
If the price of a product is above
its equilibrium price, the result is
Surplus
JEOPARDY GAME
Great! I have the blank jeopardy file. Now, how do I create my own jeopardy game using this blank format.
The hard part has been done for you--you have the easy part! Before we begin, you will need to download the
Blank Jeopardy game from the web site. Open it by clicking on it. Go to File, Save As, Save it to your
Desktop or a folder.
1. Click on your Blank Jeopardy to open it in Powerpoint.
2. Decide on your categories at the top. You need 5 categories.
3. If you want to change the color of the font, highlight the category, click on the font color button's down
arrow and choose the color of your choice.
4. Double click in the first blank category and begin typing your first category. Continue to do this for all five
categories. Click on File, Save As to save your work. You will want to give it a name, e.g. Science ch. 5
review.
This will leave your "blank jeopardy file", blank for you to create other games.
5. Go to the lower left hand corner and choose the Slide Sorter View.
6. Choose the second slide and double click on it.
7. If you do not have the DRAW toolbar at the bottom of your screen, go to VIEW, Toolbars, and click on Drawing.
You should now see the Draw toolbar.
8. Click on the Text button. Click again to position the text box on your slide toward the top and in the middle.
9. Begin typing your first answer.
10. Double Click on slide 3, repeat step 11 and type your question. Remember the format of Jeopardy. The
answer is in the form of a question.
11. Periodically, save your work by clicking on the little diskette in your menu bar.
12. Each slide is in order, going down the category e.g.: First category on the far left for 1 point is slide number 2
and 3. First category for 2 points is slide number 4 and 5 etc.
13. If you want to include two "daily doubles", just change the color of the question and answer to yellow. We
included two daily doubles because we play with two teams and would like each team to have the opportunity
to score a daily double. But as you know, it doesn't always work out that way!
Enjoy creating and playing Jeopardy!