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Economics - Jeopardy game
- 1. 2 pt 3 pt 4 pt 5 pt 1 pt 2 pt 3 pt 4 pt 5 pt 1 pt 2 pt 3 pt 4 pt 5 pt 1 pt 2 pt 3 pt 4 pt 5 pt 1 pt 2 pt 3 pt 4 pt 5 pt 1 pt Economic Systems Trade Barriers Economic Growth Terms Potluck
- 2. Economic System where the economic questions are answered based on customs and beliefsâŚ
- 4. Economic system where the government makes all economic decisionsâŚ
- 6. Economic system that is centered on the concept of free enterpriseâŚ
- 8. Economic system that combines free enterprise with governmental involvement in certain industriesâŚ
- 10. The majority of Democratic nations in the world have this type of economyâŚ
- 11. Mixed Economy
- 12. Anything that hinders (prevents) free trade from occurring is referred to as aâŚ
- 13. Trade Barrier
- 14. Goods purchased outside the country are called _____ , and goods sold outside the country are called _____.
- 16. The North American Free Trade Agreement (NAFTA) is designed to encourage free trade amongst these 3 countriesâŚ
- 17. Mexico, Canada, & the United States
- 18. Name 2 of the 3 types of trade barriers that weâve discussedâŚ
- 19. Cultural, Physical, and Economic
- 20. Name the 3 types of economic trade barriersâŚ
- 21. Embargo, tariff, and quota
- 22. All the skills, talents, abilities, and education that human workers possess.
- 23. Human Capital
- 24. When someone starts their own business, invents something new, or improves an existing ideaâŚ
- 25. Entrepreneurship
- 26. All the goods that are produced in an economy, then used to produce other goods and servicesâŚ
- 27. Capital goods
- 28. The total amount of goods and services that are produced in a country during one yearâŚ
- 29. Gross Domestic Product (GDP)
- 30. List 2 ways in which a country can invest in its human capitalâŚ
- 32. The term for exchanging goods and services without the use of moneyâŚ
- 33. Barter
- 34. Anything that can be used an accepted method of moneyâŚ
- 35. Currency
- 36. The term for competition among companiesâŚ
- 37. Free enterprise
- 38. The term for countries being able to exchange goods and services without any trade barriersâŚ
- 39. Free Trade
- 40. This economic trade barrier is when a country refuses to trade with another country, for political reasonsâŚ
- 41. Embargo
- 42. Any materials that are found in nature and are valuable to peopleâŚ
- 44. Germany, Russia, and he United Kingdom all have which type of economyâŚ
- 45. Mixed Economy
- 46. A limit on the number of a certain good that can be imported into a country is called aâŚ
- 47. Quota
- 48. Countries with communist governments are known to have what type of economyâŚ
- 49. Command Economy
- 50. List 2 things that make Russiaâs natural resources difficult to useâŚ