a economics review activity setup directions: type a vocabulary word on each of the following 10...
TRANSCRIPT
A Economics Review Activity
Setup Directions: Type a vocabulary word on each of
the following 10 slides in the subtitle textbox. When complete, run the show by pressing F5 on the keyboard.
One student stands with back to this presentation.
The class gives the student clues to the vocabulary word onscreen as a clock keeps time.
The student tries to guess the word before the buzzer.
Ready to play?
TThe price of a product if consumers demand more of it would make the price ________ _____?
The is…
Go up
The is…
Why aren’t you allowed to bring food into a theater?
The is…
The owners want you to buy food they sell inside.
The is…
In order to increase recycling the Michigan government has offered people what incentive?
The is…
10 cents is given to people who return bottles or cans.
The is…
What is scarcity?
The is…
A shortage of a product wanted or needed.
The is…
What is opportunity cost?
The is…
Because of an increase demand for a product a couple chose their second option instead of their first choice.
The is…
What is choice?
The is…
Business owners decide whatconsumers want to buy.
One year, Ann had to use mostly Blueberries for her fudge becauseCherries were not available. So, Ann could sell the fudge at a lowerPrice because it could be sold atLower price? This shows?
Scarcity affects what we buy inMichigan.
A truck, tools or a building are an example of what type of_______ resource?
This is an example of a capitalresource.
A new car company started inMichigan. Name 3 humanresources needed to runthis company.
Some human resources aredesigners, engineers and factory workers.
Most companies need naturalhuman, and capital resourcesto function. Name the natural resource for a motor company.
The natural resource neededis water.
More wind turbines are beingbuilt in Michigan, predict whatmay happen as a result ofthis.
More jobs will be created.
Michigan government uses stateTaxes to provide goods andservices for their citizens. Whatgood would most likely be provided by our government?
The government provides roads for us.
Susan needs to get a driver’slicense from the Secretaryof State office. The serviceprovided by the state govern-ment is?
The service is getting a license from the Sec. of State.
Give an example of howgoods are funded by thestate government.
People who work pay taxes tothe government.
People who break state lawshave to pay a fine to the stategovernment. Why?
This product is availablein Michigan but comes from another country. Whatis this product?
The product is bananas.
Name a reason why carmanufacturing companies are located near highwaysand rivers.
It is easy for car manufacturersto transport its goods.
The best location for most services is _________.
The best location is cities.
Agriculture is another wordFor farming. Michigan farmsProduce corn, celery, potatoes,Carrots, cherries and otherPlants. Name the mainReason for so many farmsIn Michigan.
The farms sell the crops formoney and this is how theyearn a living.
