THIS IS With Your Host at Yellow Springs Jr. High... ECON-A ECON-B ECON-C ECON-D ECON-E 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500 Merchants from the ancient West African kingdom of Ghana prospered by controlling the trade of which goods? A.Gold and salt B.Dates and wine C.Grain and camels D.Timber and olive oil A 100 A. Gold and Salt A 100 What is one benefit of international trade? A. Governments can ensure that unemployment stays low. B. Workers can remain in the same job throughout their working lives C. Businesses can focus on providing limited products to customers. D. Nations can specialize in goods and services that they produce most efficiently. A 200 D. Nations can specialize in goods and services that they produce most efficiently. A 200 European nations set up colonies in the Americas to enrich their economics. Which economic benefit did England receive from its North American colonies? A. Markets and goods to support trade B. Laborers to keep its factories running C. Entrepreneurs to lead its thriving businesses D. Inventors to keep its industries competitive. A 300 A. Markets and goods to support trade A 300 The Articles of Confederation allowed each state to determine the tax on goods imported from other nations. The national government had no power to raise or lower these taxes. How did this situation affect the early economy of the United States? A. State residents were overtaxed by the national government. B. State governments refused to print their own paper money. C. Foreign countries had to lend Congress money to build roads and canals. D. Inexpensive foreign imports flooded the country and hurt American industry. A 400 D. Inexpensive foreign imports flooded the country and hurt American industry. A 400 • Nation A produces cars because it has a highly skilled workforce, but it lacks a climate than can grow most crops. • Nation B grows many different food crop because of its warm climate and fertile soil, but it lacks a workforce with skills able to produce cars. Based on the information in the box, what will most likely occur? A. Nation A will start to grow more food B. Nation A and B will trade with each other. C. Nation B will start producing cars. D. Nation B will attack Nation A. A 500 B. Nation A and B will trade with each other. A 500 To raise revenue, the United States government has decided to impose a new tariff on coffee imported from Brazil. What is a possible consequence involved in this economic decision? A. Coffee farms increase damage to the rain forest in Brazil. B. The popularity of coffee increases in the United States. C. Coffee farms increase the standard of living in Brazil. D. The price of coffee increases in the United States. B 100 D. The price of coffee increases in the United States. B 100 In 1861, Northern states had 22 million people and about 100,000 factories In 1861, Southern states had 9 million people and 20,000 factories. The northern states defeated the Southern states in the Civil War. What conclusion can best be reached from the information in the boxes? A. Northern and Southern states continued to trade during the war. B. The distribution of resources an affect the outcome of events. C. The Southern states were able to wear down the Northern states. D. The Northern states should have avoided the war. B 200 B. The distribution of resources an affect the outcome of events. B 200 How was the addition of this amendment to the U.S. Constitution important to the expansion of the U.S. economy? A. People needed a sound currency to carry on business. B. People could pool their money in corporations. C. Protection of private property made investors feel safer. D. Government was seen as responsible for the nation’s economy. B 300 C. Protection of private property made investors feel safer. B 300 Which statement about the economic powers of the federal government under the U.S. Constitution is accurate? A. It lacks the power to protect private property. B. It regulates interstate trade. C. It has ownership of most businesses. D. Its economic power is limited to printing money. B 400 B. It regulates interstate trade. B 400 What was a criticism that merchants raised against the government under the Articles of Confederation? A. Taxes by the national government were too high. B. States had no way of raising money. C. State governments created obstacles to trade. D. The national courts of the central government were too powerful. B 500 C. State governments created obstacles to trade. B 500 “Our newly formed manufacturing industries have positive benefits to offer society and should be encouraged by government.” What would the author of this statement most likely have favored? A. High tariffs to protect American manufacturers. B. Government control of the prices charged by manufacturers. C. Government ownership of most businesses. D. the elimination of tariff on foreign manufactured goods. C 100 A. High tariffs to protect American manufacturers. C 100 In the years following adoption of the U.S. Constitution, which of the following issues often divided the Northern and Southern states? A. Creation of a national person income tax B. Lowering the interest rates charged by banks C. Tariffs levied by the federal government on imported goods D. Taxes on American Indian tribes living on reservations C 200 C. Tariffs levied by the federal government on imported goods C 200 All of these services are mainly provided by A.self-sufficient families B.The private sector C.Foreign producers D.The public sector C 300 D. The public sector C 300 DAILY Place A Wager DOUBLE C 400 Which part of government was given greater economic power under the U.S. Constitution than under the Articles of Confederation A. The national government B. Local governments C. State governments D. Colonial assemblies C 400 A. The national government C 400 Mercantilism is the theory that a nation’s power depended on its wealth. As a result Europe saw an increase in global trading during the 17th and 18th centuries. Identify two examples of policies endorsed by countries that were influenced by mercantilism. C 500 Possible answers may include: 1. Spanish conquistadors in Central America sent to seize silver and gold mines 2. English colonialism requiring the colonies to provide natural resources for manufacturing and to serve as a market for the manufactured goods, 3. French involvement in Canada a nd the fur trade 2 points – Student gives two plausible examples of policies endorsed by countries that were influenced by m ercantilism. 1 point – Student gives one plausible example of policies endorsed by countries that were influenced by m ercantilism. C 500 In 1816, the United States Congress passed a high tariff. Whose interests were most harmed by this tariff. A. Northern manufacturers B. Western farmers C. Southern plantation owners D. Northern factory workers D 100 A. Northern manufacturers D 100 What best explains why the ancient Greeks chose to specialize in producing olive oil and wine? A. They were located along the Silk Road. B. They had resources favorable to producing these goods. C. They were the first society to develop a democracy. D. They preferred using olive oil and wine to eating wheat. D 200 B. They had resources favorable to producing these goods. D 200 Based on these products, what was the likely result? A. Greeks began to grow wheat. B. Greeks and Egyptians would trade their products with each other. C. Egyptians sent explorers across the Sahara Desert. D. Egyptians sold their wine to the Greeks. D 300 B. Greeks and Egyptians would trade their products with each other. D 300 Which of the following best illustrates global interdependence? A.European rulers established colonies in the Americas. B. Saudis buy cars from Japan while Japanese buy oil from Saudi Arabia. C. Ancient Rome expanded by conquering its Mediterranean neighbors. D. The United States has a skilled workforce and experienced entrepreneurs. D 400 B. Saudis buy cars from Japan while Japanese buy oil from Saudi Arabia. D 400 What is one important reason for specialization by a producer country? A.The producer becomes more selfsufficient. B.The producer has lower opportunity costs. C.The producer requires fewer capital goods. D.The producer is less affected by its share of productive resources. D 500 B. The producer has lower opportunity costs. D 500 Robert Fulton’s steamboat aided the economic development of the United States by: A.Reducing traffic in the nation’s ocean harbors. B. Making transportation on rivers more efficient. C. Ending American dependence on European shipping D. Serving as a method of connecting California and the East Coast. E 100 B. Making transportation on rivers more efficient. E 100 By the mid-1800s, California was being settled mostly by people in search of A. Jobs in industrial cities B. Wealth from the discovery of gold C. Animal pelts for the fur trade D. Trade with American Indians E 200 B. Wealth from the discovery of gold E 200 When the U.S. Constitution was written, which group favored giving the federal government greater economic power? A. small, independent farmers B. merchants and bankers C. indentured servants D. Anti-Federalists E 300 B. merchants and bankers E 300 Before the Civil War, what were the economics of the North and South based on? A. North: Agriculture, South: Shipping B. North: Manufacturing, South: Trade C. North: Manufacturing, South: Agriculture D. North: Agriculture, South: Manufacturing E 400 C. North: Manufacturing, South: Agriculture E 400 DAILY Place A Wager DOUBLE C 400 Most economic decisions involve trade-offs. Nations, businesses, and individuals all must decide how to use limited resources to get what they want. Explain and provide an example of how a nation/government makes trade-offs and how you as an individual make trade-offs. Government Individual E 500 Government Nations must decide how to best allocate tax dollars. Money spent on defense is money that cannot be used to fund social programs. Individual A student’s allowance is an example. A student may choose to buy a CD or save their money to buy a bike. E 500 The Final Jeopardy Category is: Please record your wager. Click on screen to begin Americans were divided over tariffs for much of the early nineteenth century. Identify TWO sections of the country with different views on the tariff issue. For each section identified, explain that section’s view on tariffs. Click on screen to continue Click on screen to continue Thank You for Playing Jeopardy! Game compiled by GreeneESC