jeopardy: unit i back to basics mega models go to goal3 of a kindmerger mania 10 20 30 40 50
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Define “economics” BTRANSCRIPT
Jeopardy: Unit IBACK TO BASICS
MEGA MODELS
GO TO GOAL 3 OF A KIND MERGER MANIA
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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