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Let's go to Market
Is this your Opportunity?
Indicate This
Name that Economy
List it
100
This is a tax the government puts on foreign goods.
What is tariff?
100
This is the second choice in an economic decision.
What is opportunity cost?
100
economic indicator that tells you the total of goods produced from a country.
What is Gross Domestic Product?
100
where traditions, customs, and beliefs answer the four economic questions.
What is a traditional economy?
100
Three examples of a capital resource
What is money, machines, factories?
200
The reason the United States would put a tax on Chinese imports.
What is to protect US goods?
200
People who create a business.
What is an Entrepreneur?
200
Economic Indicator that gives you a list of available goods and how much they cost.
What is the Consumer Price Index?
200
When a government answers the four economic questions.
What is command economy?
200
Three examples of a natural resource.
What is water, air, and soil?
300
The most direct result of inflation.
What is loss of consumer buying power?
300
The study of the choices that people make to satisfy their needs and wants.
What is economics?
300
Economic indicator that tells the amount of people in the country who are unemployed.
What is Unemployment rate?
300
a system where the British controlled the prices of gold and silver in the colonies
What is mercantilism?
300
Examples of a service industry.
What is tourism, plumbers, best buy's geek squad.
400
The people who have the power in a market economy.
Who are the consumers?
400
When people want more resources than are available.
What is scarcity?
400
An economic indicator that shows that prices increase without the consent of the consumer.
What is inflation?
400
when individuals answer the four basic economic questions.
What is market economy?
400
Examples of Natural resources in Louisiana,
What is oil, natural gas, lignite, and salt?
500
I used this system before money was available, I traded my xbox for the new ps4.
What is barter?
500
I want a new cell phone and a new car. I decide to get the new cell phone because it is cheaper. This makes the new car my _____________.
What is opportunity cost?
500
The difference between a consumer and a producer
What is a producer provides a good or service while a consumer uses the good or service?
500
type of economy that mixes all economies
What is a mixed economy?
500
Examples of businesses that provide goods
What is Pizza Hut, Lowes, Walmart