Reviewing Economics Part 1 | Baamboozle - Baamboozle

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10

Which economic indicator tells the average life span of men and women in a country?

Life expectancy

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25

What TYPE of farming ONLY produces enough to feed the farmer's family?

Subsistence

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25

In which economic system does the GOVERNMENT control all means of production?

Command Economy

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lifesaver

Give 15 points!

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shark

Other team loses 10 points!

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gift

Win 10 points!

Okay!

thief

Give points!

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25

What TYPE of PRODUCTIVE RESOURCE refers to goods used to make other goods or to perform a service?

capital

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20

What TERM refers to items sent OUT of a country to be sold elsewhere?

exports

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10

What TYPE of natural resource CANNOT be replenished quickly or easily?

Non-renewable

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20

Which economic system features of combination of private property, government control and customs of the past?

mixed

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25

What FRACTION of the world is considered to be DEVELOPED?

1/4

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25

What TERM refers to the CITIES?

Urban

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5

What term refers to ANYONE who uses goods and services (like you and ME!)

consumer

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trap

No points!

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gift

Win 25 points!

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fairy

Take points!

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banana

Go to last place!

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5

In which economic system are decisions made based on customs of the past?

Traditional Economy

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banana

Go to last place!

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seesaw

Swap points!

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rocket

Go to first place!

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banana

Go to last place!

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boom

Lose 50 points!

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star

Double points!

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rocket

Go to first place!

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thief

Give points!

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20

What is another name for a MARKET ECONOMY?

Laissez-faire, Capitalism, Free Market, or Free Enterprise

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