Team 1
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Team 2
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Teams
Name
Score
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15
×
Entrepreneur
A person who takes a risk and provides the money to start and own his or her own business.
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Check
Okay!
Check
15
×
Market Economy
Individual business owners make the economic decisions based on what the consumers buy.
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Okay!
Check
15
×
Natural Resources
"Gifts of nature" such as forests, water, minerals, and fertile soil.
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Okay!
Check
×
seesaw
Swap points!
Oops!
×
seesaw
Swap points!
Okay!
×
shark
Other team loses 15 points!
Okay!
×
lifesaver
Give 20 points!
Oops!
15
×
Standard of Living
How rich or poor a country is.
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Okay!
Check
15
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Demand
How many customers want the goods.
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Okay!
Check
15
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Tariff
A tax on imported goods
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Okay!
Check
15
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Consumer
Customer
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Okay!
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thief
Give points!
5
10
15
20
25
×
fairy
Take points!
5
10
15
20
25
×
gift
Win 15 points!
Okay!
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thief
Give points!
5
10
15
20
25
15
×
Producer
Maker of goods.
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Check
Okay!
Check
×
boom
Lose 50 points!
Oops!
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shark
Other team loses 5 points!
Okay!
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fairy
Take points!
5
10
15
20
25
×
baam
Lose 10 points!
Oops!
15
×
Command Economy
The government owns the industries and makes the economic decisions.
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Okay!
Check
15
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Exchange Rate
A fee that you pay to trade your money for another currency.
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Okay!
Check
15
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Traditional Economy
Exchange of goods and services based on customs and tradition.
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15
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Gross Domestic Product (GDP)
the total value of all goods and services produced within a country during a given year.
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15
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Quota
A specific limit placed on the number of imports that may enter a country.
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Check
Okay!
Check
×
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