Academic Raceway 500 Welcome to the Academic

Academic Raceway 500

Welcome to the Academic Raceway 500 Complete Three Races to Win the Academic Trophy Qualifying Lap Atlanta Motor Speedway Indianapolis 500 Click here to begin.

QUALIFYING LAP Click on the key to start Qualifying Lap

A market economy is one in which______. Buyers and seller operate according to strict government guidelines Individuals are free to engage in business transactions Pick the right pit stop to win the race.

You’ve Crashed! Click here to go back to the correct Pit Stop and have your car repaired.

Which of the following is NOT one of the three key economic questions? When should the production of goods and services take place? How should goods and services be produced? Pick the right pit stop to win the race.

You’ve Crashed Click here to go back to the correct Pit Stop and have your car repaired.

The right to own, use and dispose of things of value is the right of______. Private property Choice Pick the right pit stop to win the race.

You’ve Crashed! Click here to go back to the correct Pit Stop and have your car repaired.

Which of the following is the best definition of profit? The money left from sales after expenses have been paid. The money a business takes in from its sale. Pick the right pit stop to win the race.

You’ve Crashed! Click here to go back to the correct Pit Stop and have your car repaired.

Advertisements that are aimed at making consumers want to buy “new” or “improved” products result primarily from ____. Competition in the marketplace Newspapers that need to fill space Pick the right pit stop to win the race.

You’ve Crashed! Click here to go back to the correct Pit Stop and have your car repaired.

Congratulations! You’ve Qualified! Click here to go to your first race.

Atlanta Motor Speedway Click on the key to start Atlanta Motor Speedway

Freedom of choice allows you to do which of the following? Enter a business under strict government regulations. Select the career you want. Pick the right pit stop to win the race.

You’ve Crashed! Click here to go back to the correct Pit Stop and have your car repaired.

A weekend skiing trip, a summer home, and a new HDTV are all examples of ______. Scarcity Wants Pick the right pit stop to win the race.

You’ve Crashed Click here to go back to the correct Pit Stop and have your car repaired.

Some of our wants are satisfied through the efforts of other people. These are called_____? Resources Services Pick the right pit stop to win the race.

You’ve Crashed! Click here to go back to the correct Pit Stop and have your car repaired.

The iron ore used in making steel for engine components is an example of _____? Natural Resource Labor Pick the right pit stop to win the race.

You’ve Crashed! Click here to go back to the correct Pit Stop and have your car repaired.

When you must choose between two alternatives that will satisfy you, you are making _____ Factors of production Economic Choices Pick the right pit stop to win the race.

You’ve Crashed! Click here to go back to the correct Pit Stop and have your car repaired.

Congratulations! You’ve Completed the First Race! Click here to go to your final race to win the Academic Cup.

INDIANAPOLIS 500 Click on the key to start Indianapolis 500

A place where buyers and sellers exchange goods and services for some form of money is called the _____. Marketplace TV Show Pick the right pit stop to win the race.

You’ve Crashed! Click here to go back to the correct Pit Stop and have your car repaired.

The four features of a Market Economy are private property, profit, freedom of choice, and ______. Competition Scarcity Pick the right pit stop to win the race.

You’ve Crashed Click here to go back to the correct Pit Stop and have your car repaired.

____ decision making is when you choose which wants you will satisfy. Market Economic Pick the right pit stop to win the race.

You’ve Crashed! Click here to go back to the correct Pit Stop and have your car repaired.

In a system of capitalism, the government decides what will be produced with the resources available? False True Pick the right pit stop to win the race.

You’ve Crashed! Click here to go back to the correct Pit Stop and have your car repaired.

Our country’s economic system is pure capitalism which no government intervention is in the maketplace? True False Pick the right pit stop to win the race.

You’ve Crashed! Click here to go back to the correct Pit Stop and have your car repaired.

THE WINNER’S CIRCLE Congratulations! You’ve Won the Trophy!