Fill In the blank Pt 1 Fill in the blank Pt 2 Examples Pt 1 Examples Pt 2 Defenitions
100
What is Need
I ____ water to survive
100
What is Want
I ____ pizza
100
What is Capitol
Robots and machines (for business)
100
What is Land
Forests, oceans, and mountains
100
What is Market
A non-physical platform where institutions, people, or groups exchange/interact
200
What is Wealth
All my assets added together to make my ____
200
What is Scarcity
Oil and other unrenewable resources have high ____
200
What is Goods
Groceries, clothes, electronics
200
What is Trade-Off
I woke up early to shower but I could have had more sleep
200
What is Consumers
The person paying for a service or buying a product
300
What is Utility
If you are stranded in a desert a diamond has high value but low ___.
300
What is Value
A water bottle has more ____ than a diamond in a desert because it is more helpful in the situation
300
What is Entrepreneurs
Elon Musk, Bill Gates, Mark Zuckerburg
300
What is Service
Car wash, massage, haircut
300
What is Profit Motive
A person's drive to partake in activities that will yield net economic gain.
400
What is Opportunity Cost
I could have an apple or orange for breakfast. If I choose to have an apple the orange is the _____ ___
400
What is Labor
Workers working in factories are called ____ in economics
400
What is Incentive
The boss says the first person to make 30 sales gets a $100 bonus
400
What is Producers
Procter & Gamble, General Motors, McDonald's, Dell, and Delta Airlines
400
What is Productivity
A measurement of economic performance that compares the number of goods and services produced.
500
What is Competition
Apple and android, Pepsi and Cola, and Netflix and Hulu are all in ________ with each other.
500
What is Economic Growth
The US has ____ when their quality of human resources increased
500
What is Economy
Traditional, Command, and Market
500
What is FREE POINTS
FREE POINTS
500
What is Free Enterprise
The economic system in which private business operates in competition and is essentially free of gov. control.






Economics Vocabulary Jeopardy

Press F11 for full screen mode



Limited time offer: Membership 25% off


Clone | Edit | Download / Play Offline