Updated: April 2009

JEOPARDYMisc.

InformationTradeLegislatio

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GAME RULES FINAL ROUND

- Jeopardy -

Deregulation is part of this type of economic policy

Category A

100

- Jeopardy -

What is Laissez-Faire economics?

Category A

100

- Jeopardy -The total value of all

goods and services produced by all firms in

a specified period of time

Category A

200

- Jeopardy -

What is aggregate supply?

Category A

200

- Jeopardy -

A chart showing the quantity of real GDP

purchased at each possible price level

Category A

300

- Jeopardy -

What is aggregate demand?

Category A

300

- Jeopardy -

This man said the economy is divided into four sectors-

consumer, investment, government, and foreign, and that the health of the economy is based on the spending of all

sectors, each impacts the others

Category A

400

- Jeopardy -

Who is John Maynard Keynes?

Category A

400

- Jeopardy -

The oldest, most prestigious stock exchange

Category A

500

- Jeopardy -

What is the New York Stock Exchange?

Category A

500

- Jeopardy -

When a supplier can past on a tax increase, known as the incident of a tax, to the consumer demand is said to

be what?

Category B

100

- Jeopardy -

What is inelastic?

Category B

100

- Jeopardy -

A charge placed on certain items such as alcohol and

cigarettes to control or change behavior and/or to raise government revenue

Category B

200

- Jeopardy -

What is a sin tax?

Category B

200

- Jeopardy -

Also known as a flat tax, the same % of tax is levied on everyone regardless of

income.

Category B

300

- Jeopardy -

What is a proportional tax?

Category B

300

- Jeopardy -

Tax you are required to pay for old age and medical

care

Category B

400

- Jeopardy -

What is FICA?

Category B

400

- Jeopardy -

How much would you like to bet?

DAILY DOUBLE

- Jeopardy -

When exports are taxed it is known as a customs duty

or this

Category B

500

- Jeopardy -

What is a tariff?

Category B

500

- Jeopardy -The idea that supply and

demand for the worker’s skills and services

determine the wage or salary.

Category C

100

- Jeopardy -

What is the traditional theory of wage determination?

Category C

100

- Jeopardy -The idea that employers are

willing to pay more in wages to those who have

special skills or degrees, or special abilities

Category C

200

- Jeopardy -

What is the signaling theory?

Category C

200

- Jeopardy -

How much would you like to bet?

DAILY DOUBLE

- Jeopardy -This legislation gave

employers the right to sue unions for breaking contracts, 80 day strike

delay, and allowed states to pass right to work laws

Category C

300

- Jeopardy -

Category C

300

What is the Taft-Hartley Act?

- Jeopardy -

Also known as the Wagner Act established the right of unions to

collective bargain

Category C

400

- Jeopardy -

What is the National Labor Relations Act?

Category C

400

- Jeopardy -When a neutral third party

collects facts and makes non-binding

recommendations for resolving the dispute

Category C

500

- Jeopardy -

What is fact-finding?

Category C

500

- Jeopardy -

It must be portable, durable, divisible, and have

limited durability.

Category D

100

- Jeopardy -

What is money?

Category D

100

- Jeopardy -

Coupon, par value, and maturity are all parts of

this.

Category D

200

- Jeopardy -

What is a bond ?

Category D

200

- Jeopardy -

The privately owned, publicly controlled central bank of the

United States that controls the supply of money

Category D

300

- Jeopardy -

What is the (FED) Federal Reserve System?

Category D

300

- Jeopardy -

The term for money that includes traveler checks, coins, currency, and demand deposit

and checking accounts

Category D

400

- Jeopardy -

What is M1?

Category D

400

- Jeopardy -

The currencies used by countries to conduct international trade

Category D

500

- Jeopardy -

What is foreign exchange?

Category D

500

- Jeopardy -The tax placed on imports

that is high enough to give the government income, but low enough not to

restrict trade

Category E

100

- Jeopardy -

What is a revenue tariff?

Category E

100

- Jeopardy -

People that promote the restriction of imports in

favor of domestic industry

Category E

200

- Jeopardy -

Who are protectionists?

Category E

200

- Jeopardy -This replaced GATT and

administers trade agreements, helps with

trade negotiations settles disputes between

countries, and aids developing countries

Category E

300

- Jeopardy -

What is the World Trade Organization

(WTO)?

Category E

300

- Jeopardy -

Place your bets!

DAILY DOUBLE

- Jeopardy -

When country A can product a good more efficiently than country

B, Country A is deemed to have this.

DAILY DOUBLE

- Jeopardy -

What is comparative advantage?

Category E

400

- Jeopardy -An agreement between the

U.S. and a nation including this statement that allows the nation to receive the lowest

tariff rates the U.S. negotiates with any country

Category E

500

- Jeopardy -

What is most favored nation clause?

Category E

500

- Jeopardy -Welcome to

Jeopardy!The fun and sneaky way to

review material for the upcoming test!

- Jeopardy -

And now…a brief introduction to the RULES of the GAME…

- Jeopardy -Each group must:

a) SIT TOGETHER, and b) Designate a SPEAKER who will respond to the prompts (You may NOT

change speakers).

- Jeopardy -

The game consists of FIVE categories,

each containingFIVE questions

- Jeopardy -

Questions are randomly arranged, NOT by degree

of difficulty

- Jeopardy -

Each speaker may select only ONE question per

round

- Jeopardy -

Once the selected question is posted on the

screen, the SPEAKER of the team

has 10 seconds to respond.

- Jeopardy -

The speaker may consult with teammates before

responding

- Jeopardy -

During the game, whispering is OK, but LOUD talking and/or disruptions DURING

THE GAME may result in point loss for the entire

team.

- Jeopardy -The response should be

phrased in the FORM OF A QUESTION.

(Words, phrases, and statements – even if correct –

may be disqualified)

- Jeopardy -

A CORRECT ANSWER earns the team the amount of points indicated on the

jeopardy board.

- Jeopardy -If the speaker does not

respond correctly within 10 seconds, the question passes on to the next

team speaker, who has 5 seconds to respond.

- Jeopardy -

The number of points for the correct answer at this stage are the same as for

the previous team.

- Jeopardy -Questions that are not

answered correctly by the selecting team are offered to the other teams in turn until a correct answer is given or

all teams have guessed incorrectly.

- Jeopardy -

For the Daily Double, the speaker designates the

number of points – up to the max. points earned by the team. If correct, the

team earns the designated points; if

incorrect, they lose the designated points.

- Jeopardy -Again, whispering is OK,

but remember, LOUD TALKING and/or

DISRUPTIONS DURING THE GAME may result in point loss for the entire

team.

- Jeopardy -The judge’s decisions

are FINAL and whining, pouting, and/or

complaints will NOT BE ENTERTAINED…

- Jeopardy -

Ready to play?

- Jeopardy -

Final Jeopardy Topic: Economics

You may wager up to the amount of points your team

has earned. Write your wager on a piece of paper and submit

it.

Updated: April 2009

Final Jeopardy QuestionFinal Jeopardy Question

This deals with the economy as a whole and includes employment, GDP, inflation,

economic growth, and allocation of wealth

Updated: April 2009

EconomicsEconomics

What is macroeconomics?