Economies
What type of economy is based on customs of the culture and region?
Traditional
Production
Water
Natural Resource
What is it called when there are unlimited wants and limited resources?
Scarcity
What is Mr. Bellamy's favorite number?
4
What type of economy is powered by the government or leadership?
Command Economy
How goods and services are traded and/or paid for
Exchange
Hammer
Capital Resource
What is an example of a good that is scarce?
Who does Mr. Bellamy think sings the song "Sunflower" from the animated Spiderman movie "Into the Spiderverse"?
Post McJones
What type of economy is fueled by the consumer?
Market Economy
How a society decides: What goods and services to make, how to make them, and for whom they are made for.
Economic System
Teacher
Human Resource
What does GDP stand for?
Gross Domestic Product
What year did Mr. Bellamy win a football state championship?
2009
If two stores are competing and adjusting their prices to increase sales....what type of economy is this?
Market Economy
This is what is needed to make a product.
Resources
Wood
Natural Resource
This is a measure of quality of life.
Standard of Living
What is one of Mr. Bellamy's jobs at basketball games?
DJ, Scoreboard, or Book/Stats
True or False: The US is a mixed economy (More than one economy)
True
The systems and tools that are used to make goods and help service providers.
Technology
Computer
Capital Resource
True or False: Culture has a major impact on economies.
True
How many tickles does it take to make an octopus laugh?
Tentacles