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Teams
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15
×
this graph represents the range of production possibilities
production possibilities curve
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15
×
T/F - Economic growth usually can be achieved without investing in new resources.
False
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25
×
What determines if something has value?
Utility and Scarcity
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×
heart
Other team wins 20 points!
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×
magnet
Take 20 points!
Okay!
×
shark
Other team loses 25 points!
Okay!
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lifesaver
Give 15 points!
Oops!
25
×
A nations wealth is made up of: A) all intangible items B) all goods and services C) All tangible Items D) All of the above
C - A;; tangible items
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15
×
manufactured good used to produce other goods or services
Capital Goods
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15
×
they drive decisions about what to produce.
consumers
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5
×
T/F People's needs are limited.
False
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×
banana
Go to last place!
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seesaw
Swap points!
Okay!
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rocket
Go to first place!
Okay!
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banana
Go to last place!
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10
×
T/F - Separation of tasks to be performed by different workers is division of labor.
True
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baam
Lose 20 points!
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fairy
Take points!
5
10
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25
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gift
Win 20 points!
Okay!
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baam
Lose 10 points!
Oops!
25
×
What are the three basic economics questions
What, How, and for Whom to produce
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15
×
Consumers are expected to read the full information about a product before making a purchase. This is an example of a consumer's ___________
Responsibilities
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thief
Give points!
5
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25
×
rocket
Go to first place!
Okay!
×
shark
Other team loses 15 points!
Okay!
×
baam
Lose 10 points!
Oops!
10
×
Computers used in the classroom is an example of what factor of production
Capital
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25
×
Explain the late work policy for class
Late work is accepted without penalty with in the current unit/chapter
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×
Restart
Review
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