50:50
Welcome to
Who Wants to
be a Millionaire
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
Another
Presentation
© 2000 - All rights Reserved
[email protected]
© Mark E. Damon - All Rights Reserved
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
Things that people
want that they can
touch or hold are
Goods
called:
50:50
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A: Goods
B: I-pods
C: Services
D: Consumers
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
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1
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
______________ is
money that is made
or earned and used
Profit
to buy things.
50:50
A: Interest
C: Profit
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B: Natural
Resources
D: Consumers
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
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1
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
A
________________
is a person that
makes a good or
Producer
provides
a service.
50:50
A: Consumer
B: Teacher
C: Producer
D: Mailman
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
A teacher, a bus driver, and a police
officer are all examples of people that
provide a:
Service
50:50
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A: Service
B: Good
C: Product
D: Collateral
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
To get things done quickly and to
make most people happy with the
work that has to be done, it helps
if people:
C: Work cooperatively through the
division of labor
50:50
A: Work independently
C:
Work cooperatively through
the division of labor
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
B: Work without
making a plan
D:
Work without eating or
sleeping for several days
© Mark E. Damon - All Rights Reserved
the $1,000
Milestone!
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
Natural resources are those things
found in nature that can be used
to make goods. A tree is a natural
resource. List two products that
can be made from this natural
resource:
D: paper and furniture
50:50
A: paper and pop cans
C: furniture and
computers
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
B: pencils and
plastic cups
D: paper and
furniture
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
1. Give two examples of a good:
Answers will vary
50:50
A: you decide!
C: tell us
now!
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
B: I don’t have a
clue!
D: Couldn’t tell
you!
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
Identify whether a person with the job
listed below produces a good or
provides a service.
Service, Good, Service, Service
50:50
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A: Teacher
B: Baker
C: Mailman
D: Policeman
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
We learned about six different forms
of money used in the United States
today. Name three of those forms:
Checks, Coins, and Loans
50:50
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A: Checks
B: Coins
C: Loans
D: Coupons
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
A plastic card that allows you to buy
goods and services without giving
the salesperson cash or a check is
called a:
Debit Card
50:50
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A: Discount Card
B: Debit Card
C: A Check
D: I.D. Badge
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
the $32,000
Milestone!
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
In our sale, we sold pet toys.
Choose two of our economic competitors
from our local community:
Petco and Pet Supplies Plus
50:50
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
A: Gamestop
B: Petco
C: Wallgreens
D: Pet Supplies Plus
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
Mrs. Smith wanted to buy a gift for
her dog. She only had $2.00. She
decided to buy her dog two scarves
instead of the braided pull toy.
List the opportunity cost of her
C: the braided pull toy
decision:
50:50
A: her dog
C: the braided
pull toy
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
B: the candy
D: Miss Dierks’
paycheck
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
When we made our cat toys we used two different
methods—independent production and assembly
line production. Write an “A” for Assembly line
and an “I” for Independent Production next to
each disadvantage listed below:
A, A, I, I
50:50
A: Boring, from doing the same
B:
thing over and over
C:
Slower, usually making
less items
D:
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
You only learn one
skill
You don’t get very good at
anything because you are trying
to do it all
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
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When we made our cat toys we used
two different methods—independent
production and assembly line
production. Write an “A” for
Assembly line and an “I” for
Independent Production next to each
advantage listed below:
I, A, I, A
50:50
A: It is always interesting because you
are doing so many different jobs
C:
You learn all of the steps in
making something
B:
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
Faster, usually making
more items in less time
D:
You get very good at
your job
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
Name 3 service jobs that are paid for
with your city taxes
Mayor, Snow plowing,
Police and Fire
50:50
A: Mayor
C: Snow
Plowing
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
B: Food at
Restaurants
D: Police and Fire
© Mark E. Damon - All Rights Reserved
YOU WIN $1
MILLION DOLLARS!