Who Wants to Be

a Millionaire?

100 Dollar QuestionIn what type of economic system does the

government own the resources and control economic activity?

A. feudalism

D. traditionalB. Free-market

C. command

300 Dollar QuestionIn a market economy, what

determines the price of goods and services?

A. Government officials

D. International trade organizations

B. Supply and demand

C. Raw materials and human resources

500 Dollar QuestionWhen making economic decisions,

three questions about production and distribution must be answered. Which of the following is NOT one of these

questions?

A. When will it be produced?

D. For whom will it be produced?

B. How will it be produced?

C. What will be produced?

1000 Dollar QuestionA Japanese Jeweler in Tokyo

purchases gold and diamonds from South Africa. The gold and diamonds

are …

A. natural resources

D. Human capital B. Capital goods

C. Tax revenue

2,000 Dollar Question

Tariffs are taxes applied to

A. Services only

B. Exported goods

C. Natural resources

D. Imported goods

4,000 Dollar Question

This type of trade barrier places a limit on the mount imported and exported to

and from a country

A. embargo

D. clearanceB. tariff

C. quota

8,000 Dollar QuestionJapan and Israel both have very limited natural resources but have very strong

economies. Which of the following explains why?

A. they import finished goods and make them

better

D. They use slaves for free labor

B. They export raw material

C. They invest in their human capital

16,000 Dollar Question

What resource do many countries in the Middle East specialize in …

A. textiles

D. Agriculture B. oil

C. Metal industry

32,000 Dollar Question

A result of investment in capital goods is…

A. GDP stays the same

D. Increase in GDPB. decrease in GDP

C. No change in GDP

64,000 Dollar Question

How does OPEC control the price of oil?

A. OPEC has no control over prices of oil

D. OPEC only sells oil to countries who will pay a

high price

B. By controlling the supply

C. By telling the UN what price to make oil

125,000 Dollar Question

Which of the following is a negative result of specialization?

A. If the industry fails, there is nothing to fall

back on

D. Human capital in a specific area gets better

B. Resources are used more efficiently

C. businesses get better at what they do

250,000 Dollar QuestionIsrael spends millions of tax dollars to educate it people, train workers, and

teach special skills. What should happen to Israel’s GDP?

A. GDP will decrease

D. There will be no change in GDP

B. GDP will only increase for one year

C. GDP will increase

500,000 Dollar Question

The Ugandan government added the Nile Perch to Lake Victoria.

Why?

A. To wipe out the local cichlid fish

D. To decrease exports in the country

B. To stop water disease

C. To have a product big enough to export

1,000,000 Dollar Question

If water is unavailable in a region, what will happen to the

economy in that area?

A. Industry will be able to grow and thrive

D. The economy will expand

B. Water has no impact on industry

C. Industry will slow and not develop

Correct Response $100

That was a correct answer!

On to the next question

Correct Response $300

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Next Question

Correct Response $500

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Next Question

Correct Response $1,000

That was a correct answer!

Go to $2,000 dollar question

Correct Response $2000

That was a correct answer!

4000 Dollar Question

Correct Response $4000

That was a correct answer!

8000 Dollar Question

Correct Response $8000

That was a correct answer!

16,000 Dollar Question

Correct Response $16,000

That was a correct answer!

32,000 Dollar Question

Correct Response $32,000

That was a correct answer!

64,000 Dollar Question

Correct Response $64,000

That was a correct answer!

125,000 Dollar Question

Correct Response $125,000

That was a correct answer!

500,000 question

Correct Response $500,000

That was a correct answer!

1,000,000 dollar question

Incorrect Response !

Sorry, you just blew

the whole million!

Correct Response

$1,000,000

Count up how much money your team earned.

Incorrect! Sorry

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