&magicnumber=25&category1=What is Economics?&category2=Basic Economic Concepts&category3=Economic Choices and Decision Making&category4=Economic Systems&category5=Economic Goals and American Free Enterprise&question1=The condition that results from society not having enough resources to produce all the things people would like to have.&question2=The study of how people choose from limited resources to meet their needs.&question3=Needs include all of the following EXCEPT: Bread, Money, Water, A House&question4=The dollar value of all final goods, services, and structures produced within a country's borders in a 12-month period.&question5=A factory, toolbox, and drill press would all be examples of this.&question6=This is the term used to describe the measure of the amount of goods and services produced with a given amount of resources in a specific period of time.&question7=A way of organizing work so that each individual worker completes a separate part of the work.&question8=Wal-Mart buying goods and services from China is an example of this.&question9=Best Buy sells its goods and services in this market.&question10=This is the term used when a necessity has low value, but a nonnecessity has high value.&question11=If Billy Bob receives a gift of $100, but wants to get either a new iPod, a Broncos shirt, or snowboard boots, this is an example of what.&question12=If Teenytinystan decides to produce only 70 cars, but 300 t-shirts and all recources are used this is know as.&question13=When Billy Bob decides to go into the military instead of college this is know as what.&question14=If 10 years later Teenytinystan is able to produce 400 t-shirts and 70 cars it is known as what.&question15=Billy Bob has second thoughts about his decision and weighs the costs and benefits of his decision.&question16=The method used by a society to produce and distribute goods and services.&question17=This system can change direction quickly and drastically.&question18=This system does not provide for everyone's basic needs.&question19=This system provides people with a high degree of certainty and economic security.&question20=France is an example of this type of economic system.&question21=The act of buyers and sellers freely and willingly engaging in market transactions.&question22=The doctrine that government generally should not intervene in the marketplace.&question23=This is the minimum income needed to support a household.&question24=This is the term used to describe the self regulating nature of the marketplace.&question25=This is the study of the behavior and decision making of small units such as individuals, families, and businesses.&answer1=What is scarcity?&answer2=What is economics?&answer3=What is money?&answer4=What is gross domestic product (GDP)?&answer5=What is capital?&answer6=What is productivity?&answer7=What is the division of labor?&answer8=What is economic interdependence?&answer9=What is a product market?&answer10=What is the paradox of value?&answer11=What is a trade-off?&answer12=What is the production possibilities frontier?&answer13=What is opportunity cost?&answer14=What is economic growth?&answer15=What is cost-benefit analysis?&answer16=What is an economic system?&answer17=What is a command economy?&answer18=What is a market economy?&answer19=What is a traditional economy?&answer20=What is a mixed economy?&answer21=What is voluntary exchange?&answer22=What is laissez faire?&answer23=What is the poverty threshold?&answer24=What is the invisible hand?&answer25=What is microeconomics?&value1=10&value2=20&value3=30&value4=40&value5=50&value6=10&value7=20&value8=30&value9=40&value10=50&value11=10&value12=20&value13=30&value14=40&value15=50&value16=10&value17=20&value18=30&value19=40&value20=50&value21=10&value22=20&value23=30&value24=40&value25=50&finalquestion=A social and political philosophy based on the belief that democratic means should be used to distribute wealth evenly throughout a society.&finalanswer=What is socialism?&gamename=Unit 1 Economics PCHS Jeopardy&loadresult=Load Success!