Reviewing Economics Part 2 | Baamboozle - Baamboozle

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Team 2
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10

Which LEVEL of Industry takes natural resources from the Earth: mining, forestry, fishing, & agriculture.

PRIMARY

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15

In order to determine a country's per capita GDP, you must divide the Gross Domestic Product by what?

POPULATION

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15

What TYPE and LEVEL of Industry is shown here?

MANUFACTURING/SECONDARY

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fairy

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gift

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baam

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5

What TYPE of Industry is shown here?

AGRICULTURE

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5

What TYPE of Industry is shown here?

WHOLESALE!!!!

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seesaw

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fairy

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lifesaver

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seesaw

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gift

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baam

Lose 25 points!

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25

What TERM refers to a condition where a business's total revenues exceed their costs? (p.s. this is the GOAL of ALL businesses)

PROFIT

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20

Which systematic manufacturing process allows for the mass production of products in a most efficient manner?

ASSEMBLY LINE

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15

Who or what makes ALL decisions and controls all means of production in a COMMAND ECONOMY?

GOVERNMENT

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20

What TYPE of Industry is shown here?

RETAIL

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25

Which LEVEL of Industry strives to make existing products better by gathering information: research, gather data, & provide information.

QUATERNARY

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banana

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10

Name a COUNTRY that still uses a COMMAND economy today?

NORTH KOREA or CUBA

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5

What term refers to "the countryside" ; i.e. the opposite of URBAN?

RURAL

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