Transcript Jeopardy - Cloudfront.net

CH 1-3
CH 4-6
CH 7-9
CH 10-11
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What is
Land, Labor, Capital.
What is _The fators of
Production____?
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Row 1, Col 1
Law of Demand.
What is when price goes one
way, quantity demanded goes
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the other way?
1,2
When one business owns all of a
Specific company or product.
What is a monopoly?
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1,3
What sort of Mpg does it have.
What is one thing to consider
before buying a car?
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1,4
What should be produced.
What is one of the three basic
questions of economics?
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2,1
As price goes one way quantity
Supplied goes the same way.
Law of Supply is?
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2,2
When one person owns and is
Responsible for something.
What does sole proprietorship
mean?
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2,3
a market for short-term
debt instruments.
What is a money market?
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2,4
Opportunity Cost.
The cost of the next best
alternative that is forgone?
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3,1
Shortages, Rationing, Black
Market, and Drops in quantity.
If the brice is too low (below
equilibrium) we get what?
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3,2
When more than one person is
Responsible for something.
What is a partnership?
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3,3
a bank account that
accumulates interest.
What is a savings acount?
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3,4
Shows the different combinations
Of goods produced with a given
Amount of resources.
What is a production
possibilities curve?
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4,1
Surpluses, Storage Problems
Disposal Problems, and rise in
Product quantity.
If the price is too high (above
equilibrium) we get what?
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4,2
a business entity that is given many
of the same legal rights as
an actual person.
What is a corporation?
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4,3
A account that allows you to gain
Interest but will not let you access
The account.
What is a CD?
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4,4
Traditional, Mixed
Market, Command.
What are 4 types of economic
systems?
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5,1
Eating Reese’s peanut butter cups.
What example of the Law of
Diminishing Marginal Utility did
5,2
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we observe in class?
a market condition where no buyer
or seller has the economic power to
alter or fix the price of a
product or service.
What does a perfect competition
mean?
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5,3
Dollar value of all final goods and
Services produced within a
Country's border in one year.
What is a Nominal GDP?
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5,4