Team 1
0
Team 2
0
Teams
Name
Score
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8
9
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16
Loading
×
lifesaver
Give 5 points!
Oops!
×
star
Double points!
Okay!
×
gift
Win 10 points!
Okay!
×
thief
Give points!
5
10
15
20
25
10
×
economic system where the people and the government answer the economic questions
mixed
Oops!
Check
Okay!
Check
15
×
Factor of production that includes knowledge/training (be specific)
human capital
Oops!
Check
Okay!
Check
25
×
believed in the Free Market price system based entirely on voluntary exchange
Milton Freidman
Oops!
Check
Okay!
Check
10
×
best alternative not chosen
opportunity cost
Oops!
Check
Okay!
Check
15
×
The three economic questions
what, how, and for whom
Oops!
Check
Okay!
Check
25
×
believed some government regulation would eventually cause entire government control in society
Friedrich Hayek
Oops!
Check
Okay!
Check
×
thief
Give points!
5
10
15
20
25
×
fairy
Take points!
5
10
15
20
25
×
shark
Other team loses 25 points!
Okay!
×
banana
Go to last place!
Oops!
10
×
natural resources that are used to make goods and services
land
Oops!
Check
Okay!
Check
10
×
an economic system where the individuals/businesses answer the economic questions
free market
Oops!
Check
Okay!
Check
5
×
Giving up one thing for another, decision
trade off
Oops!
Check
Okay!
Check
×
lifesaver
Give 10 points!
Oops!
×
fairy
Take points!
5
10
15
20
25
×
shark
Other team loses 25 points!
Okay!
×
lifesaver
Give 15 points!
Oops!
×
eraser
Reset score!
Oops!
×
fairy
Take points!
5
10
15
20
25
×
rocket
Go to first place!
Okay!
×
lifesaver
Give 25 points!
Oops!
25
×
believed that the government should intervene during down times (depression/recession) in the economy.
believed that the government should intervene during down times (depression/recession) in the economy.
Oops!
Check
Okay!
Check
10
×
Land, labor, and capital; the three groups of resources that are used to make all goods and services
factors of production
Oops!
Check
Okay!
Check
15
×
The tools, equipment, machinery, and factories used in the production of goods and services. (be specific)
physical capital
Oops!
Check
Okay!
Check
×
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