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Transcript of Welcome to the Jeopardy Game Template This presentation was saved in template format so that you can...
Don’t Forget...
Contestants
…Always phrase your answers in
the form of a question!
Hands on your buzzers, its...
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Nerdstick Waterhead Hazzard County
AfflictedYour Mama
What is…?
Nerdstick for $100
Two ways buyers affect price
Two ways buyers affect price
Demand and willingness to
pay
Back to
Game
Two side effects of a natural disaster on
cotton crops.
What are…?
Nerdstick for $200
Back to
Game
Price goes up and quantity
supply
What are…?
Nerdstick for $300
Goods used in place of other products
Goods used in place of other products
Back to
Game
…substitute goods
What is…?
Nerdstick for $400
Desire, ability and willingness to buy a
product
Back to
Game
demanddemand
What is…?
Nerdstick for $500
Libby would rather have a double whopper
than the big mac due to…
Back to
Game
Consumer taste
What is…?
Waterhead for $100
One of the biggest disadvantages of
Sammy opening his own archery range.
Back to
Game
Unlimited liability
What is…?
Waterheads for $200
The market for labor would be part of a ______ market.
Back to
Game
Factor market
What is…?
Waterheads for $300
Small increase In price leads to a large change
in qd.
Back to
Game
Price elasticity
What is…?
Waterheads for $400
Business type commonly associated
with doctors and lawyers.
Back to
Game
Partnership
What is…?
Waterheads $500
Reginald freely and willingly purchases a mail
order bride form a Russian based company
on the net.
Reginald freely and willingly purchases a mail
order bride form a Russian based company
on the net.
Back to
Game
Voluntary exchange
What is…?
Your Mama for $100
If the demand moves left, then supply does
this.
Back to
Game
decrease
What is…?
Your Mama for $200
The U.S. does not have a pure market
economy, but rather this.
Back to
Game
Mixed economy
What is…?
Your Mamafor $300
Suppliers will offer more at higher prices
as long as there is sufficient demand.
Back to
Game
The law of supply and demand
What is…?
Your Mama for $400
The point where quantity supplied
equals the quantity demanded
Back to
Game
Equilibrium price
What is…?
Your Mama for $500
The use of this provides an efficient means of economic exchange
Back to
Game
Money
What is…?
Hazzard County for $100
An industry that is dominated by a few
large firms
Back to
Game
Oligopolistic competition
What are…?
Hazzard County for $200
I own my own restaurant but have to sell burgers because
the corporate office says I have to. I lack these
Back to
Game
Franchise rights
What is…?
Hazzard County for $300
In this type of competition, there is a large number of
buyers and sellers with similar products
Back to
Game
Perfect competition
Hazzard County for $400
New cancer medication would probably have a
very low this
What is …?What is …?
Back to
Game
Price elasticity
Hazzard County for $500
The type of competition in which firms can make
greater than normal profits for short periods of time
What is…?What is…?
Back to
Game
Monopolistic competition
What is…?
Afflicted for $100
Probably the biggest motivator for business in a market economy
Back to
Game
profit
What are…?
Afflicted for $200
These are things corporations sell to generate money for
their company.
Back to
Game
Shares, stocks or bonds
What is…?
Afflicted for $300
If the price of concert tickets goes down, this
will increase dramatically
Back to
Game
…demand
What is…?
Afflicted for $400
Cole invests $15,000 in Reebok. If Reebok goes into
debt and experiences bankruptcy, he will only lose
$15,000 because of this
Back to
Game
Limited liability
What is…?
Afflicted for $500
If De- don’t and thousands of others like her get fired for
sleeping on the job, this will be the effect on equilibrium price and quantity supplied
of dum- dum pops.
Back to
Game
Price will increase and quantity will
decline
This is the most common type of variable cost a business
owner could incur.
•Final Jeopardy
