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Jeopardy. Circular Flow/Money. Economic Systems. Supply. Demand. Vocabulary. 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.

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Jeopardy

Jeopardy

Circular Flow/Money

Economic Systems

Supply

Demand

Vocabulary

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


100 question from vocabulary

$100 Question from Vocabulary.

A ______________ is a good/service that

can replace another good/service.


100 answer from vocabulary

$100 Answer from Vocabulary.

Substitute


200 question from vocabulary

$200 Question from Vocabulary.

A______________ is a good/service that is

often bought with another good/service.


200 answer from vocabulary

$200 Answer from Vocabulary.

Compliment


300 question from vocabulary

$300 Question from Vocabulary.

The ______________ _____ ______________ is an inverse relationship between the quantity demanded and price.


300 answer from vocabulary

$300 Answer from Vocabulary.

Law of Demand


400 question from vocabulary

$400 Question from Vocabulary.

The ______________ ______

______________ is a positive relationship

between the quantity supplied and the price

of the product.


400 answer from vocabulary

$400 Answer from Vocabulary.

Law of Supply


500 question from vocabulary

$500 Question from Vocabulary.

This is the total of all individual demands

in a given market at a particular time.


500 answer from vocabulary

$500 Answer from Vocabulary.

Market Demand


100 question from circular flow money

$100 Question from Circular Flow/Money.

The circular flow model leaves out

government, the money that consumers earn

and ______________.


100 answer from circular flow money

$100 Answer from Circular Flow/Money.

Investments


200 question from circular flow money

$200 Question from Circular Flow/Money.

What can be used as money?


200 answer from circular flow money

$200 Answer from Circular Flow/Money.

Anything that can be given a “value”


300 question from circular flow money

$300 Question from Circular Flow/Money.

What is the definition of “household?”


300 answer from circular flow money

$300 Answer from Circular Flow/Money.

People who participate in the economy

and live in the U.S.


400 question from circular flow money

$400 Question from Circular Flow/Money.

What do the inside arrows represent?


400 answer from circular flow money

$400 Answer from Circular Flow/Money.

Flow of money


500 question from circular flow money

$500 Question from Circular Flow/Money.

What do the outside arrows represent?


500 answer from circular flow money

$500 Answer from Circular Flow/Money.

Flow of products


100 question from economic systems

$100 Question from Economic Systems.

This means that prices do not fluctuate

significantly in short periods of time.


100 answer from economic systems

$100 Answer from Economic Systems.

Price Stability


200 question from economic systems

$200 Question from Economic Systems.

This means fairness and impartiality in an

economy.


200 answer from economic systems

$200 Answer from Economic Systems.

Economic Equity


300 question from economic systems

$300 Question from Economic Systems.

Because we have _______________ _______________ we are able to make choices of our employment, use of our time, and our purchases.


300 answer from economic systems

$300 Answer from Economic Systems.

Economic Freedom


400 question from economic systems

$400 Question from Economic Systems.

This is the increase in output in an economy

during a given year.


400 answer from economic systems

$400 Answer from Economic Systems.

Economic growth


500 question from economic systems

$500 Question from Economic Systems.

This economic concept means that the basic

needs of every person should be met.


500 answer from economic systems

$500 Answer from Economic Systems.

Economic Security


100 question from demand

$100 Question from Demand.

What is the market demand at $5.00?


100 answer from demand

$100 Answer from Demand.

20


200 question from demand

$200 Question from Demand.

What is the market demand at $7.00?


200 answer from demand

$200 Answer from Demand.

33


300 question from demand

$300 Question from Demand.

Which is an elastic demand graph?

A B C D


300 answer from demand

$300 Answer from Demand.

A


400 question from demand

$400 Question from Demand.

Which is a non-elastic demand graph?

A B C D


400 answer from demand

$400 Answer from Demand.

D


500 question from demand

$500 Question from Demand.

Does this show an increase or decrease in demand?

D2

D1


500 answer from demand

$500 Answer from Demand.

Increase


100 question from supply

$100 Question from Supply.

Which is an elastic supply graph?

A B C D


100 answer from supply

$100 Answer from Supply.

B


200 question from supply

$200 Question from Supply.

Which is a non-elastic supply graph?

A B C D


200 answer from supply

$200 Answer from Supply.

C


300 question from supply

$300 Question from Supply.

Does this show an increase or decrease in supply?

S1

S2


300 answer from supply

$300 Answer from Supply.

Increase


400 question supply

$400 Question Supply.

Does this show an increase or decrease in supply?

S2

S1


400 answer from supply

$400 Answer from Supply./

Decrease


500 question from supply

$500 Question from Supply.

This is the change in cost for each

additional output.


500 answer from supply

$500 Answer from Supply.

Marginal Cost


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