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Jeopardy!

Jeopardy!. Genesis Ventura Period 2. Begin. Demand. Supply. Principles. Graphs. Production possibilities. Shifters. $100. $100. $100. $100. $100. $100. $200. $200. $200. $200. $200. $200. $300. $300. $300. $300. $300. $300. $400. $400. $400. $400. $400. $400.

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Jeopardy!

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  1. Jeopardy! Genesis Ventura Period 2 Begin

  2. Demand Supply Principles Graphs Production possibilities Shifters $100 $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500 $500

  3. - $100The amount of a good that buyers are willing and able to purchase. C1-$100 Quantity demanded

  4. - $200The claim that, other things equal, the quantity demanded of a good falls when the price of a good rises. C1-$200 Law of demand.

  5. - $300A graph of the relationship between the price of a good and the quantity demanded. C1-$300 Demand curve

  6. - $400Various things shift a demand curve right or left. These are things that are not price, example: seasons, tastes and preferences etc C1-$400 Changes is demand

  7. - $500A table that shows the relationship between the price of a good and the quantity demanded. C1-$500 Demand schedule

  8. - $100The claim that, other things equal, the quantity supplied of a good rises when the price of the good rises. C2-$100 Law of supply

  9. - $200A graph of the relationship between the price of a good and the quantity supplied. C2-$200 Supply curve

  10. - $300All things being equal, more is supplied at a higher price than at a lower price. C2-$300 Price effect/law of supply

  11. - $400Various things shift a supply curve right or left. Suppliers are willing to offer more or less for sale at each and every price. C2-$400 Changes in supply

  12. - $500A table that shows the relationship between the price of a good and the quantity supplied. C2-$500 Supply schedule

  13. - $100Where there aren’t enough resources available to satisfy our wants. C3-$100 Scarcity

  14. - $200Rewards designed to influence a specific behavioral response. C3-$200 Incentives

  15. - $300Physical objects produced for sale. C3-$300 Goods

  16. - $400Activities done for us by others C3-$400 Service

  17. - $500Can be money, or any tool that helps us produce a good or service C3-$500 Capitol

  18. - $100 C4-$100 Supply Curve

  19. - $200 C3-200 Demand curve

  20. - $300 C3-$300 Circular flow of income

  21. - $400 C3-$400 Shift in demand

  22. - $500 C3-$500 Supply and demand curve

  23. - $100The second best choice you gave up when you chose the first best choice C4-$100 Opportunity cost

  24. - $200Condition where the maximum output is produced with the given resources and technology. C4-$200 Productive efficiency

  25. - $300What Occurs when an economy operates inside the PPC/PPF? C4-$300 Inefficiency/unemployment

  26. - $400What Occurs at any point outside the PPC/PPF? C4-$400 Unattainable

  27. - $500As more of a good is produced, the opportunity costs of producing that good increase C4-$500 Law of increasing opportunity costs

  28. - $100Consumer Numbers shift what? C4-$100 Demand curve

  29. - $200Future Expectations shift what? C4-$200 Demand curve

  30. - $300Number of Sellers shift what? C4-$300 Supply curve

  31. - $400Price of Related Goods such as substitutes and complements shifts what? C4-$400 Demand curve

  32. - $500Taxes and Subsidies shift what? C4-$500 Supply curve

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