Jeopardy: Unit I BACK TO BASICS MEGA MODELS GO TO GOAL3 OF A KINDMERGER MANIA 10 20 30 40 50.
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Jeopardy : Unit I BACK TO BASICS MEGA MODELS GO TO GOAL 3 OF A KIND MERGER MANIA 10 10 10 10 10 20 20 20 20 20 30 30 30 30 30 40 40 40 40 40 50 50 50 50 50
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Define “economics” B
Transcript of Jeopardy: Unit I BACK TO BASICS MEGA MODELS GO TO GOAL3 OF A KINDMERGER MANIA 10 20 30 40 50.
Jeopardy: Unit IBACK TO BASICS
MEGA MODELS
GO TO GOAL 3 OF A KIND MERGER MANIA
10 10 10 10 10
20 20 20 20 20
30 30 30 30 30
40 40 40 40 40
50 50 50 50 50
What are the three basic questions every economy must answer?
A
Define “economics”
B
List 3 examples of capital
C
Explain the difference between durable and non-durable goods
D
The situation in which some necessities have little or no value, while some non-necessities have a
much higher value is known as _________________________
E
The economic model showing the flow of goods and services as well
as the flow of money in our economy is known as the
___________________________
F
What market do consumers shop in?
What market do producers shop in?
G
A diagram illustrating the concept of opportunity cost, by contrasting the production of
two competing goods is known as
_________________________H
Why do economists use economic models?
I
Explain the difference between trade-off and
opportunity cost.
J
Consumers have the freedom to decide how to spend their income. What
socioeconomic goal is represented by this?
K
FDIC, Social Security, and Unemployment Insurance
all represent the socioeconomic goal of
______________________.
L
The progressive income tax and minimum wage are examples of what socioeconomic goal?
M
Who makes the decisions in - a traditional economy?- a command economy?- a market economy?
N
What is the correct term for the type of economy the United States has?
O
Which type of business accounts for almost ¾ of all businesses in the
United States?
P
Which type of businesses account for almost 90% of all sales of goods and services in the United States?
Q
Unlimited liability, quick decisions, and
not having to share the profits are
characteristics of what type of business?
R
A type of business that can have two or more partners and can either be limited or general is
known as ___________________
S
List the three types of business organizations
and give 1 disadvantage of each.
T
List 2 reasons why mergers occur
U
Explain what a multinational company
is. Give 1 example.
V
What is a conglomerate?
Give 1 example.
W
Create a horizontal merger that includes at
least 4 companies
X
Create a vertical merger that includes at least 4
companies
Y
