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This is…. Jeopardy!. Economics Edition. Final Jeopardy. Round 1. Round 2. Why so serious…?. mac. Guns and Butter. Want Some Candy?. The Cold War. You Da’ man(d). The O.C. Production. Round 2. $100. $100. $100. $100. $100. $100. Final Jeopardy. $200. $200. $200. $200.
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This is… Jeopardy! Economics Edition
FinalJeopardy Round 1 Round 2 Why so serious…? mac
Guns and Butter Want Some Candy? The Cold War You Da’ man(d) The O.C Production Round 2 $100 $100 $100 $100 $100 $100 Final Jeopardy $200 $200 $200 $200 $200 $200 Scores $300 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500 $500
$100 The next best alternative given up when a choice is made.
$100 What is opportunity cost? Scores
$200 If Brennan decides to wear night vision goggles instead of do karate, his opportunity cost is this.
$200 What is karate? Scores
$300 Opportunity cost exists because of this.
$300 What is a Scarcity? Scores
$400 Besides being rare. This is the other definition of scarcity.
$400 What is having more than one valuable use? Scores
$500 This is what is counted for in the “economic” cost of college that is not counted in the “accounting” cost.
$500 What is money that could have been earned working for four years? Scores
$100 A worker at Chipotle is this type of factor of production.
$100 What is labor? Scores
$200 This factor of production would include the wood used to craft those fine desks you sit in.
$200 What is land? Scores
$300 This factor of production is inherently valuable.
$300 What is capital? Scores
Daily Double
$400 A haircut, advice, or teaching.
$400 What is a service? Scores
$500 Which factor of production do you need to make a chipotle burrito?
$500 What are all factors of production? Scores
$100 This word, similar to opportunity cost is the measurement of one good by another.
$100 What is a trade-off? Scores
$200 This is the best visual way to represent a trade-off.
$200 What is a Production Possibilities Frontier (PPF) curve? Scores
$300 Using the classic example, this is what the U.S. had to give up in order to make more guns.
$300 What is butter? Scores
$400 This is one of the two ways that the PPF curve can shift out or to the left.
$400 What is an increase in labor or new technology? Scores
$500 When an industry (or economy) is actually on the PPF curve, as opposed to inside it, it is said to be this.
$500 What is efficient? Scores
$100 A Twix bar is this for a little kid (or a 12 grader in my class).
$100 What is an incentive? Scores
$200 This is how rules are related to incentives.
$200 What is, rules influence incentives? Scores
$300 This is the main incentive for 99% of businesses in the world.
$300 What is profit (motive)? Scores
$400 Martinez is promised a $20 bonus for every senior that passes his class. This incentive will cause him to do this in terms of grading.
$400 What is grade easier? Scores
$500 “Pain heals, chicks dig scars, glory lasts forever,” is an incentive for them.
$500 What is a high school football player? Scores
$100 Communist Russia was known to be this type of economic system.
$100 What is “command?” Scores
$200 In a free-market system, these people/this person makes decisions about the 3 questions.
$200 What are the people? Scores
$300 Felicia grows up and decides to become a teacher. The government, however, says she has to go to school first. She lives in this type of economic system.
$300 What is a “mixed” system? Scores
