The
Civics&Economics
Jeopardy Game!
100
The condition that results from society not having enough resources to produce all the things people would like to have.
What is scarcity?
100
An item that is economically useful or satisfies an economic want.
What is a good?
100
The capacity to be useful and provide satisfaction.
What is utility?
200
An organized way of providing for the wants and needs of their people.
What is economy?
200
Accumulation of those products that are tangible, scarce, useful, and transferable from one person to another.
What is wealth?
200
Food, Shelter, and Clothing are examples of.
What is needs?
300
Mansion, Mercedes Benz, and Baby Phat jeans are examples of.
What is wants?
300
Haircuts, home repairs, and forms of entertainment are examples of.
What is services?
300
The first thing that people face when they make an economic decision.
What is trade-offs?
400
What are the three types of economies?
What is Command, Market, and Traditional.
400
The quality of life based on the necessities and luxaries that make life easier.
What is Standards of Living?
400
The money used to buy the tools and equipment used in production.
What is Financial Capital?
500
Diamonds vs Water is an example of.
What is Paradox of Value?
500
What is it called when a person gives up going to college to obtain a degree by going to the NBA?
What is opportunity cost?
500
What are the Factors of Production?
What is Land, Capital, Labor,and Entrepreneurs?
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