Download - Double Jeopardy Q $200 Q $400 Q $600 Q $800 Q $1000 Q $200 Q $400 Q $600 Q $800 Q $1000 Taxes Intro…
Double Jeopardy
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Taxes Intro to Economics
The Six Pillars
Demand & Supply
Money & Banking
$200 Question from Taxes.
An excise tax can also be called a luxuryor __________ tax.
$200 Answer from Taxes.
Sin/Hidden Tax
$400 Question from Taxes.
Social insurance taxes such as Social Securityand Medicare are taken directly out of paychecks. Because of this they are often called __________ taxes.
$400 Answer from Taxes.
Payroll Taxes
$600 Question from Taxes.
This tax regulates or discourages activitiesthat Congress deems dangerous.
$600 Answer from Taxes.
Nonrevenue Tax
$800 Question from Taxes.
This is laid on the manufacture, sale, orconsumption of a good/or a performanceof a service.
$800 Answer from Taxes.
Excise Tax
$1000 Question from Taxes.
This is also called a “payroll tax” because it is taken directly out of paychecks at a flat rate.
$1000 Answer from Taxes.
Social Insurance Tax
$200 Question from Intro to Economics.
1Want -Sat isf ac t ion Chain
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$200 Answer from Intro to Economics.
Into Production
$400 Question from Intro to Economics.
1Want -Sat isf ac t ion Chain
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$400 Answer from Intro to Economics.
Resulting in a Good/Service
$600 Question from Intro to Economics.
1Want -Sat isf ac t ion Chain
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$600 Answer from Intro to Economics.
Distribution
$800 Question from Intro to Economics.
1Want -Sat isf ac t ion Chain
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$800 Answer from Intro to Economics.
Factors of Production(Land, Labor, Capital)
$1000 Question from Intro to Economics.
1Want -Sat isf ac t ion Chain
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$1000 Answer from Intro to Economics.
Goods Made Available for Consumption
$200 Question from The Six Pillars.
This pillar means that a business will compete with others in the market.
$200 Answer from The Six Pillars.
Market Competition.
$400 Question from The Six Pillars.
I am going to college to become a teacher. When I sell my labor my _______________ will be in Social Studies education. (what pillar goes along with this idea)
$400 Answer from The Six Pillars.
Specialization
$600 Question from The Six Pillars.
Arby’s and Wendy’s engage in _______________ ______________ because they both specialize in fast food.
$600 Answer from The Six Pillars.
Market Competition
$800 Question from The Six Pillars.
A business sells cupcakes. They will make a profit selling their treats at $2 but customers are willing to pay $3.50 per cupcake. To determine what price they should sell their product the business must consider this pillar of free enterprise
$800 Answer from The Six Pillars.
The Price System
$1000 Question from The Six Pillars.
A barber shop must buy their scissors/grooming tools from a retailer. They are engaging in _______________ _______________.
$1000 Answer from The Six Pillars.
Voluntary Exchange
$200 Question from Demand & Supply.
Which is a non-elastic supply graph?
A B C D
$200 Answer from Demand & Supply.
C
$400 Question from Demand & Supply.
The _______________ _____ _______________ is an inverse relationship between the quantity demanded and price.
$400 Answer from Demand & Supply.
Law of Demand
$600 Question from Demand & Supply.
The _______________ _____ _______________ is a positive relationship between the quantity supplied and the price of the product.
$600 Answer from Demand & Supply.
Law of Supply
$800 Question from Demand & Supply.
Does this show an increase or decrease in supply?
S1
S2
$800 Answer from Demand & Supply.
Increase
$1000 Question from Demand & Supply.
Does this show an increase or decrease in demand?
D1 D2
$1000 Answer from Demand.
Increase
$200 Question from Money & Banking.
$200 Answer from Money & Banking.
Peak
$400 Question from Money & Banking.
$400 Answer from Money & Banking.
Recovery
$600 Question from Money & Banking.
$600 Answer from Money & Banking.
Recession
$800 Question Money & Banking.
$800 Answer from Money & Banking.
Trough
$1000 Question from Money & Banking.
$1000 Answer from Money & Banking.
Growth Trend