Unit 1 Review Jeopardy
Econ
Principles
Macro/Micro
Videos
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More Econ
Principles
PPF
Stock
Market
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Situation where consumer’s wants
are greater than the resources
available to satisfy those wants,
also known as, “the basic economic
problem.”
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What is Scarcity?
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INCORRECT
Point at which the quantity
supplied equals the quantity
demanded.
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What is the equilibrium
price?
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When quantity supplied exceed
quantity demanded this exists.
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What is a Surplus?
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INCORRECT
Latin Term that means all
things constant.
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What is Ceteris Paribus
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The price of borrowing
money.
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Interest Rates
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Choices are often made in
small ways, not large ones,
known as the ______.
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Margins
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Economics term that refers to
topics related to all of the
economy as a whole
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Macroeconomics
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Asian city that has low taxes
and high per capita income, in
large part because of free
trade
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Hong Kong
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Retailer who’s low prices offer a
wage increase for Americans that
shop there.
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What is Wal-Mart?
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A law that means land can be
seized by superior ownership
for the greater good
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What is Eminent Domain?
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The richest __% of Americans
pay 34% of all taxes and the
wealthiest __% pay 53% of all
taxes.
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What is 1 / 5?
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Billionaire who was criticized
for giving away $1billion to
the U.N.
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Ted Turner
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These are the two results of
competition.
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What is Lower Prices and
Higher Product Quality?
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An economy in which the
government tells you what to
produce.
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What is a Command
Economy?
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The U.S. is an example of this type of
economy, as businesses are able to
make most economic decisions yet
there is some government control.
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What is a Mixed
Economy?
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INCORRECT
The 3 factors of production.
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What is Land, Labor &
Capital?
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3 months of consecutive
decreasing GDP is the definition
of a ____ while a ______ is 9
months of decreasing GDP.
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What is Recession / Depression?
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Calculated by: Consumer
spending + Investment Spending
+ Government Spending +
(Exports-Imports)
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What is GDP? (Gross Domestic
Product)
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PPF stands for
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What is Production Possibilities
Frontier
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All points inside the PPF are
considered
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What is inefficient?
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All points along the PPF curve are
known as being at maximum _____
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What is efficiency?
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In a case of constant trade-off,
the resulting PPF would
resemble
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What is a Straight-Line?
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When deciding to move from one
point along the PPF to another
you give up production of one
item to produce more of another,
known as this economic concept:
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What is Opportunity Cost?
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Opportunity cost on the PPF
is always the greatest at
__________.
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What is the extremes? Or What
is the ends
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Basic premise of the stock market
is to buy _____ and sell _____.
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What is Low / High?
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A percentage of the company profits
that are paid out to shareholders.
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What are Dividends?
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Introduced in the primary
market first, the acronym for
this is IPO.
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Initial Public Offering?
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Federal Agency that monitors the
stock market and regulates publicly
traded corporations. (must say the
whole thing not just the acronym)
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What is the Securities &
Exchange Commission?
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A ____ market is one that is
increasing or doing well,
while a ____ market is one
that is going down.
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What is a Bull / Bear?
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A company that sells bonds is
using ____ financing while
one that sells stocks is using
____ financing.
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What is Debt / Equity
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Final Jeopardy - Stocks
Company A
Stock Price
Shares outstanding
EPS
Company B
$60
100,000,000
$5
$40
200,000,000
$4
Determine the P/E ration and Mkt. Cap for each company
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A: 12 / $6B
B: 10 / $8B
CORRECT
INCORRECT