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Mr. LoSasso presents…

Mr. LoSasso presents…. Version 2.0. Economics.

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Mr. LoSasso presents…

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  1. Mr. LoSasso presents… Version 2.0 Economics

  2. Each Round, teams will attempt to answer 10, 20, 30, 40 and 50 point questions.If a question is missed, the LAST place team gets the first chance to steal, followed by the next to last place team, followed by the 2nd place team. The team in 1st place NEVER has the opportunity for a steal.If a steal is earned by a team, the team gets the original points, plus 1 pick at on the Checkerboard for BONUS points!

  3. How about some Toss Up Questions?

  4. Toss Up Question for 40 points…. In which economic system is the government the MOST influential? COMMAND

  5. Toss Up Question for 50 points…. Which economic term refers to capital, natural, and labor resources? PRODUCTIVE

  6. Toss Up Question for 30 points…. Which LEVEL of INDUSTRY invents new products, does research to produce new ideas, and discovers new ideas in science? QUATERNARY

  7. Toss Up Question for 45 points…. Which economic system is used in both Cuba and North Korea? COMMAND

  8. Toss Up Question for 50 points…. You shop around at different video stores to find the cheapest video. Eventually, find it cheapest online. What type of economic system would support this scenario? MARKET

  9. Jeopardy Version 2.0 Round 1: Types of Economies An economic system is a system of organizing _______ [LEWAHT] & resources. 10 WEALTH In a TRADITIONAL economy, ________ [SOINISEDC] are made based on how things have been done in the past. DECISIONS 20 In a MARKET economy, resources are owned by private ____________ [IIENSZTC] & economic answers come from those participating in the economy. 30 CITIZENS In a COMMAND economy, the ______________ [NMREENVTGO] makes the economic decisions & owns most of the property. GOVERNMENT 40 CAPITALISM Other names for a market economy include _____________ [ACIPTAILSM], free market system, & laissez-faire. 50

  10. Jeopardy V 2.0 Round 2: Types of Resources __________ [UTRAANL] resources are those that are found in the environment, such as trees & coal. NATURAL 10 Natural resources are ________________ [AEBLNWEER] if they CAN be replenished naturally. RENEWABLE 20 __________ [BAORL] resources are the people who work. LABOR 30 ___________ [LATPCAI] resources include goods used to make other goods or provide a service. CAPITAL 40 ___________________ [TEVIDUCPRO] resources include natural resources, labor/human resources, and capital resources. PRODUCTIVE 50

  11. Jeopardy V 2.0 Round 3: Economic Terms ANYONE who uses goods and services is known in the world of economics as a ____________ [SUNMOECR]. 10 CONSUMER A ______________ [RKAEMT] refers to ANYWHERE goods are sold or traded, such as a supermarket or the mall. MARKET 20 SCARCITY refers to an inadequate _________ [LPSUPY] of resources. (meaning not __________ [GHOUNE]. SUPPLY 30 ENOUGH SERVICES _____________ [CESVIESR] refer to a job done for someone else. 40 GOODS refer to things or items we use that are ______________ [CEDDOURP]. 50 P PROD PR PRO PRODUCED

  12. Jeopardy V 2.0 Round 4: More Basic Information Certain countries of the world ___________ [ZLCPSEIAIE] in the kinds of goods & services that they produce. SPECIALIZE 10 An economy is the careful management of producing, distributing, & consuming ________ [AELWHT] & ___________ [CESOURRES]. 20 WEALTH RESOURCES Because of the problem of SCARCITY, each country needs an economic system to determine HOW to use its _________________ [VETIUCDOPR] resources. 30 PRODUCTIVE Countries like _________ [UBAC] & _______ ________ [ORNHT KRAEO] still use the relatively unsuccessful COMMAND economy. CUBA NORTH KOREA 40 In a ___________ [AMKRET] economy, the key idea is that it is the __________ [IRCPE] that guides workers, businesses, & consumers. MARKET 50 PRICE

  13. Social Studies “UNSCRAMBLERS”for control of the last round. First team to solve 3 “unscramblers” gains control…..each player may ONLY successfully solve ONE “unscrambler” for his/her team.

  14. REMUNSOC CONSUMER

  15. AUALRTN CESOURESR NATURAL RESOURCES

  16. RACCISTY SCARCITY

  17. ESWGA WAGES

  18. IMSTALIPCA CAPITALISM

  19. MMCNOAD CNMYOOE COMMAND ECONOMY

  20. FEER MTAEKR FREE MARKET

  21. VIRCEESS SERVICES

  22. MUANH ESCROUERS HUMAN RESOURCES

  23. 60 point for the last place team ONLY… What LEVEL of INDUSTRY is shown here? PRIMARY

  24. 40 point for the 3rd place team ONLY… What LEVEL of INDUSTRY is shown here? TERTIARY

  25. 20 point for the 2rd place team ONLY… What LEVEL of INDUSTRY is shown here? SECONDARY

  26. 10 point for the 1st place team ONLY… What LEVEL of INDUSTRY is shown here? TERTIARY

  27. 20 point for the 2nd place team ONLY… What LEVEL of INDUSTRY is shown here? PRIMARY

  28. 30 point for the 3rd place team ONLY… What LEVEL of INDUSTRY is shown here? QUATERNARY

  29. 50 point for the LAST place team ONLY… What LEVEL of INDUSTRY is shown here? TERTIARY

  30. 4FINAL TOSS UPQUESTIONS!!!

  31. FOR 2 CHECKERBOARD PICKS…. What TERM describes the type of economic system when two or more systems are combined? MIXED

  32. FOR 60 POINTS…. LOOK CAREFULLY AT THIS LIST OF RESOURCES…. SOLAR ENERGY COMPUTER DIAMONDS FIREMAN COPPER ORE ALUMINUM DOCTOR LAWYER SILVER SALESMAN Name the ONLY resource that is considered a CAPITAL resource? COMPUTER

  33. FOR 30 POINTS & 1 CHECKERBOARD PICK!!! Name the 3 TYPES of PRODUCTIVE resources… CAPITAL, LABOR/HUMAN, AND NATURAL

  34. FOR EITHER 70 POINTS OR 3 CHECKERBOARD PICKS!!! In which economic system are individuals free to make choices for what to produce and what price to charge? MARKET, CAPITALISM, FREE ENTERPRISE, LAISSEZ-FAIRE

  35. Jeopardy V 2.0 FINAL Mystery Round!!! ? In continents such as _________ [CRIAFA], many countries use a traditional economy. AFRICA In African tribal societies, the jobs that people have are based primarily on what their ___________ [ECSNTAOSR] or parents did. ? ANCESTORS Some ____ - __________ [NNO EEAELBWNR] resources include coal, oil, iron ore, copper ore, gravel and topsoil. NON RENEWABLE ? The 3 basic questions an economic system must answer are “what, how, & for whom to _________ [DOURCPE] ???” ? PRODUCE China tends to have a ____________ [MMDNACO] economy, while the United States tends to have a _____________ [TEKARM] economy. COMMAND ? MARKET

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