THIS IS With Your Host... Wordwall Words Word Wall Words Cont. Millionaires Do What? I Missed Out on What 100 100 100 100 100 100 200 200 200 200 200 200 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500 ShortMediumLong- Can’t Touch My Circular Flow Payments earned by households; may include salaries, wages, and interest. A 100 The process of putting money someplace with the intention of making a financial gain. EX. Stock Market A 200 Payments earned by households; may include salaries, wages, and interest. A 300 Money set aside for a future use that is held in easilyaccessed accounts, such as savings accounts. A 400 Trading goods and services with other people because both parties expect to benefit from the trade. A 500 An amount or portion of a resource assigned to a particular recipient. B 100 The second-best alternative that must be given up when you choose to do something else B 200 Any reward or benefit, such as money, advantage or good feeling that motivates people to do something. B 300 Human wants are unlimited; resources are limited. B 400 A strategy that allows individuals to consider all possible alternatives so that they can make an informed decision. B 500 Most millionaires are college graduates. C 100 If you save $2,000 a year from age 22 to age 65 at 8 percent interest, your savings will be more than $700,000 at age 65. C 200 Most millionaires work in glamorous jobs, such as sports, entertainment, or high tech. C 300 DAILY Place A Wager DOUBLE C 400 Most millionaires work fewer than 40 hours a week. C 400 Millionaires tend to avoid the stock market. C 500 John watches TV the night before a major exam. D 100 Mark buys a car just before going to college. D 200 Lauren studies on Friday and Saturday. D 300 Alex saves his money under his mattress. D 400 Michael is a high school student and works a full time job (40 hours a week). D 500 John wants to get a job during the summer. E 100 Mark wants to be a doctor. E 200 Lauren wants to finish reading To Kill a Mocking Bird by the end of Christmas Break. E 300 Alex is a 10th grader and wants to attend a College immediately after graduating from high school. E 400 Michael wants to get in shape by the New Year (January 1st). E 500 These two groups are the main participants in the Economy. F 100 The ‘Money Flow’ goes this way and the ‘Real Flow” goes this way. F 200 Explain how products and services flow through the Economy. F 300 Explain how money flows through the economy. F 400 Give a Real Life Example of the Circular Flow F 500 The Final Jeopardy Category is: Circular Flow Model Please record your wager. Click on screen to begin Why can’t the circular flow model work without the individuals/households and the businesses (Be Specific)? Click on screen to continue Thank You for Playing Jeopardy! Game Designed By C. Harr-MAIT