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Economic Understanding s To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up at the bottom of the main screen.

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Page 1: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Economic Understandin

gsTo play the game, go to the next slide and click on a point value to go to a

question.

To go to final Wrap-Up click on Final Wrap-Up at the bottom of the main screen.

Page 2: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Economic Systems

Specialized Economies

Capital Investments

ResourcesPersonal Finance

100

200

300

400

500

100 100 100 100 100

200 200 200 200 200

300

400

500

300 300 300 300

400 400 400 400

500 500 500 500

Trade Barriers

Page 3: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Team 1 Team 2 Team 3 Team 4 Team 5

Wager Wager Wager Wager Wager

board

0 0 0500 00

0 0 0 0 0

Page 4: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

In a traditional

economy, how are economic

decisions made?

Page 5: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Customs and habits are used

to make economic decisions. score

board

Page 6: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Who makes decisions in a

market economy?

Page 7: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Individuals

score

board

Page 8: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

In what type of economy would you

find entrepreneur

s?

Page 9: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Market Economy

score

board

Page 10: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Who makes the decisions in a command

economy?

Page 11: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Government planning groups

score

board

Page 12: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Why do most world economies

operate somewhere between a

market economy and a command

economy?

Page 13: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Most economies have some

characteristics of a free market with

some government planning and

control.scor

e

board

Page 14: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Why is specialization important in international

trade?

Page 15: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Specialization allows people to be

more efficient at producing what

they make best and trade for things

they need. score

board

Page 16: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

In what industry has South Africa

specialized?

Page 17: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Precious minerals

score

board

Page 18: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

In what industry has Nigeria specialized?

Page 19: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Oil

scoreboar

d

Page 20: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

In what industries could Kenya and

Uganda plan together?

Page 21: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Cotton production and textile

manufacturingscor

e

board

Page 22: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

What is the purpose of

voluntary trade?

Page 23: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

It encourages specialization and usually means more

profit.scor

e

board

Page 24: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

What type of trade barrier

results in taxes on imports?

Page 25: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Tariff

score

board

Page 26: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

What type of trade barrier

results in limits placed on the

number of imports that can enter a country?

Page 27: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Quota

score

board

Page 28: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

What type of trade barrier

involves a government order to stop

trade with another country?

Page 29: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Embargo

score

board

Page 30: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Why did a number of members of

the United Nations place an

embargo on South Africa?

Page 31: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

They wanted to pressure

South Africa to end apartheid.

score

board

Page 32: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

How could a high tariff on imported

grain help a country that

produces grain?

Page 33: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Local grain would be cheaper than imported grain

resulting in people buying

from local farmers.

score

board

Page 34: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

What are two examples of

human capital?

Page 35: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Education, training

score

board

Page 36: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

What term describes the

total value of all the goods and

services produced within a country in a single year?

Page 37: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

GDP (Gross Domestic Product)

score

board

Page 38: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

What are two examples of

investments in capital goods?

Page 39: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Factories and machines

score

board

Page 40: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

In what industry has South Africa

invested in capital and human

goods?

Page 41: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Mining and precious minerals

score

board

Page 42: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

How has the investment in

capital goods in Nigeria

negatively affected many

Nigerians?

Page 43: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Little money is left over to spend on

the basic needs of people. As a result, many

Nigerians do not have proper food

and housing.scor

e

board

Page 44: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

What are

“conflicted diamonds?”

Page 45: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Diamonds that are mined and sold to

fund armed conflicts

score

board

Page 46: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Why does the world keep track of where Africa’s uranium is sold

and used?

Page 47: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Uranium is an essential ingredient in the manufacture of nuclear weapons.

score

board

Page 48: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

What African country has

approximately 40% of the

world’s supply of gold?

Page 49: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Republic of South Africa

score

board

Page 50: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

What company dominates the

diamond business in South

Africa?

Page 51: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

DeBeers Company

score

board

Page 52: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

In what area of the continent are most of Africa’s known supplies of oil located?

Page 53: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Mediterranean Coast and eastern

section

score

board

Page 54: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

For what type of items should you

use credit?

Page 55: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Large items, e.g., cars, houses

score

board

Page 56: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

What term describes the

ability to borrow money?

Page 57: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Credit

score

board

Page 58: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

What is the term that describes

money left over after buying

things one needs and wants?

Page 59: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Savings

score

board

Page 60: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

What is another word for a plan of savings and

spending?

Page 61: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Budget

score

board

Page 62: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

What is included in income?

Page 63: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Money from working and

investing

score

board

Page 64: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Make your wager on the scoreboard

score

Final Question

Page 65: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

What three conditions, which

exist in many African countries, keep an economy

from being strong?

Page 66: Economic Understandings To play the game, go to the next slide and click on a point value to go to a question. To go to final Wrap-Up click on Final Wrap-Up

Government and business

corruption

Internal fighting and civil war

Military rule score

board


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