Economics Review #2 | Baamboozle - Baamboozle | The Most Fun Classroom Games!

English 22 Public

Personal Finance

Study Slideshow

True or False: A tax is money that people pay to help support the government.

True

Why do local, state, and federal governments collect taxes?

to provide services to citizens

True or False: A town's police force is paid by the government with taxes.

True

Which of the following is paid for with money collected through taxes? Bank, Restaurant, Public Library, or Shopping Mall

Public Library

True or False: It is important that goods are made all over the word because it gives people access to goods that their community does not make.

True

What allows consumers in Georgia to be able to purchase fresh fruit year round? Fruit is shipped from other states and countries to stores in Georgia or Farmers in Georgia have learned how to grow fruit in frozen soil

Fruit is shipped from other states and countries to stores in Georgia

True or false: Trade with other countries does not give American consumers more choices of what goods to buy.

False

Which of the following is Jewel's opportunity cost?

Owning the bike

Which of the following is Sasha's opportunity cost?

Sasha will have a smaller amount of savings

Which of the following is Johnny's opportunity cost?

Johnny's score on his social studies test

Why do countries create currency?

so people can buy goods and services

True or False: Daniel lives in a small town with no factories. He saw an ad on tv for a pair of sneakers. He will most likely find them in his local store because the shoes were made in another part of the country & sent to the store.

True

Who benefited from this exchange?

Both Trish and Greg

What phrase would complete the graphic? Consumers pay taxes to producers or Consumers buy the goods of producers

Consumers buy the goods of producers

Georgia grows a lot of peaches. Peaches do not grow well in Hawaii. Hawaii grows pineapples, but Georgia does not. How do the 2 states meet their needs?

The 2 states trade fruits with each other

Who was the consumer in this story?

Desmond and Tasha