Team 1
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Team 2
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Teams
Name
Score
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15
×
The difference between wants and needs and the resources available to meet these needs is called
scarcity
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Check
Okay!
Check
15
×
The government sets wages, so people aren't motivated by profit.
command economy
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Okay!
Check
×
baam
Lose 10 points!
Oops!
×
shark
Other team loses 15 points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
thief
Give points!
5
10
15
20
25
15
×
The government owns the property.
command economy
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Okay!
Check
15
×
This is needed FIRST to start and operate a business
capital
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15
×
Your credit score will be considered bad if you pay your bills on time.
False
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15
×
Which economic system is based on cultural customs?
Traditional Economic System
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15
×
Which banking account allows you to make unlimited withdrawals?
checking account
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15
×
Which economic systems do the people have unlimited choices?
market
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×
trap
No points!
Oops!
×
fairy
Take points!
5
10
15
20
25
×
fairy
Take points!
5
10
15
20
25
×
baam
Lose 25 points!
Oops!
15
×
Which bank account has limited withdrawals?
savings account
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15
×
The process of choosing one good or service over another
opportunity cost
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15
×
Which economic system are most goods and services offered by private companies?
market
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15
×
What is another name for factors of production?
resources
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×
eraser
Reset score!
Oops!
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fairy
Take points!
5
10
15
20
25
×
gift
Win 10 points!
Okay!
×
thief
Give points!
5
10
15
20
25
15
×
Producers don't compete because everyone works to meet the community's survival needs.
traditional economy
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Check
Okay!
Check
×
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