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10
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How would the U.S. change if we had a pure market economy?
All decisions would be made by businesses. The government could not restrict them.
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5
×
Anything used to make a good is called what?
Input
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heart
Other team wins 25 points!
Oops!
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gift
Win 15 points!
Okay!
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rocket
Go to first place!
Okay!
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lifesaver
Give 20 points!
Oops!
10
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Explain what is occurring with supply and demand if there is a shortage.
The demand for a good is higher than the supply of the good.
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5
×
What is a stock?
A stock is a portion of a company you can purchase.
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monster
Reset all scores!
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seesaw
Swap points!
Okay!
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rocket
Go to first place!
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banana
Go to last place!
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5
×
What is opportunity cost?
The choice you give up when you have to decide between two or more choices.
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10
×
What is the ideal inflation rate according to the government?
2%
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5
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If making a restaurant, the construction workers would be which type of input?
Labor
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5
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Mark loses his job when there is a stock market crash. Which type of unemployment is this?
Cyclical
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thief
Give points!
5
10
15
20
25
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star
Double points!
Okay!
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gift
Win 20 points!
Okay!
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lifesaver
Give 5 points!
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5
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True or False: A traditional economy tends to stay the same and follow what a culture has done throughout history.
True
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5
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If making a puzzle, the machines to cut the pieces would be which type of input?
Capital
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10
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Explain the differences between market and command economies.
Market: Businesses and owners make most decisions with little government interference. Command: Government leaders make all business decisions.
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baam
Lose 25 points!
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seesaw
Swap points!
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shark
Other team loses 10 points!
Okay!
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lifesaver
Give 5 points!
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5
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Polly decided to stay at home when she had her first child. What type of unemployment is this?
Not in the labor force
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