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Mr. LoSasso Presents….

Mr. LoSasso Presents…. Economic Vocabulary & Economic Indicators Count UP! Review Game. Before we start… One TOSS UP Question… Whoever answers will earn a 10 point penalty that they may use anytime during the game. .

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Mr. LoSasso Presents….

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  1. Mr. LoSasso Presents…. Economic Vocabulary & Economic Indicators Count UP! Review Game

  2. Before we start… One TOSS UP Question… Whoever answers will earn a 10 point penalty that they may use anytime during the game.

  3. What are the 3 basic questions that every country’s economic system must answer? What to produce? How to produce? For whom to produce?

  4. Round 1: Each team gets one uncontested “FREEBIE”

  5. _____1) refers to city living A. technology _____2) the ability to read/write B. urban _____3) the average life span C. agriculture _____4) raising crops/livestock D. commercial farming _____5) total income per person E. rural _____6) a country’s total income/year F. life expectancy _____7) to produce enough to sell G. per capita GDP _____8) refers to country living H. subsistence farming _____9) grow enough for personal use I. Gross Domestic Product _____10) skills and tools J. literacy I. For 5 spaces on the board… What is the answer to #6?

  6. What term refers to an inadequate supply of resources (not enough)? SCARCITY

  7. What does the “P” in GDP stand for? PRODUCT

  8. PHYSICAL OR MENTAL? A LIBRARIAN MENTAL

  9. Round 2: 5 Toss Ups… You may only answer one for your team.

  10. In what TYPE of economic system are decisions made based on how things have been done in the past? TRADITIONAL

  11. What term refers to the ability to read and write? LITERACY

  12. What term refers to things or items we use that are produced? GOODS

  13. What TYPE of resource are those found in the environment? NATURAL

  14. In what TYPE of economic system does the government make the economic decisions and owns most of the property? COMMAND

  15. Round 3: Each team gets one uncontested “FREEBIE”.

  16. What TYPE of NATURAL RESOURCE can be replenished naturally? RENEWABLE

  17. What term refers to a combination of 2 or more different economic systems? MIXED

  18. _____1) refers to city living A. technology _____2) the ability to read/write B. urban _____3) the average life span C. agriculture _____4) raising crops/livestock D. commercial farming _____5) total income per person E. rural _____6) a country’s total income/year F. life expectancy _____7) to produce enough to sell G. per capita GDP _____8) refers to country living H. subsistence farming _____9) grow enough for personal use I. Gross Domestic Product _____10) skills and tools J. literacy I. A. For 5 spaces on the board… What is the answer to #10?

  19. What term refers to the “cities” URBAN

  20. Round 4: 4 Toss Ups LADIES ONLY!!!

  21. People who work are considered ----- resources. LABOR/HUMAN

  22. Which is the ONLY RENEWABLE resource? COTTON TOPSOIL GRAVEL COTTON

  23. What term refers to ANYWHERE goods are sold or traded? MARKET

  24. What term refers to an amount paid to an individual for services provided? WAGES

  25. Round 5: 4 Toss Ups MEN ONLY!!!

  26. ONLY 1 of the following items are NOT considered a NATURAL RESOURCE…which is it? G L A S S COPPER ORE SOLAR ENERGY GLASS TREES

  27. What is a fancy word for farming? AGRICULTURE

  28. What term refers to the countryside? RURAL

  29. What does the “G” in GDP stand for? GROSS

  30. Round 6: 3RD PLACE VS. LAST PLACE

  31. What is ANOTHER NAME for a MARKET economy? CAPITALISM, FREE MARKET, LAISSEZ-FAIRE, or FREE ENTERPRISE

  32. Round 7: 3RD PLACE VS. LAST PLACE

  33. What TYPE of NATURAL RESOURCE cannot be replenished naturally (in other words, once its gone, its gone FOREVER)? NON-RENEWABLE

  34. Round 8: 3RD PLACE VS. LAST PLACE

  35. What does the “D” in GDP stand for? DOMESTIC

  36. Round 9: 3RD PLACE VS. LAST PLACE

  37. What term refers to items that a country sends out and sells to another country? EXPORT

  38. Toss Up Question… …to Freeze any team for 5 questions!

  39. Which LEVEL of INDUSTRY is shown here?Primary? Secondary? Tertiary? Quaternary? TERTIARY

  40. Round 10: Team 1 vs. Team 2 Loser loses 5 points!

  41. Renewable or Non-Renewable? WIND RENEWABLE

  42. Round 11: Team 3 vs. Team 4 Loser loses 5 points!

  43. Renewable or Non-Renewable? COAL NON-RENEWABLE

  44. Round 12: Team 1 vs. Team 3 Loser loses 5 points!

  45. Renewable or Non-Renewable? SOLAR ENERGY RENEWABLE

  46. Round 13: Team 2 vs. Team 4 Loser loses 5 points!

  47. Renewable or Non-Renewable? FORESTS RENEWABLE

  48. Round 14: Team 1 vs. Team 4 Loser loses 5 points!

  49. Renewable or Non-Renewable? FISH RENEWABLE

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