Economics AS level Chapters 1 and 2 | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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15

Give an example of capital goods

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15

What does PPF stand for?

Production possibility frontiers

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lifesaver

Give 20 points!

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star

Double points!

Okay!

shark

Other team loses 10 points!

Okay!

baam

Lose 5 points!

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15

How does ceteris paribus help in economics

To simplify conditions and make assumptions

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15

Give an example of consumer goods

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15

What can lead to economic growth?

Technology, innovation, training and education, increase in resources

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15

What is opportunity cost?

Cost of the next best alternative foregone when making a choice

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15

What are consumer goods?

Products that are bought by households and individuals

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trap

No points!

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fairy

Take points!

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25

fairy

Take points!

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baam

Lose 20 points!

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15

What does scarcity mean?

Limited amount/number of something

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15

What are positive economic statement?

Statements that can be proven to be true or false

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banana

Go to last place!

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fairy

Take points!

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gift

Win 15 points!

Okay!

banana

Go to last place!

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15

Give an example of positive economic statement

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15

What does production possibility curve show?

The maximum number of goods that can be produced with all the given resources

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15

What does economics study?

Allocation of scarce resources

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15

Give an example of opportunity cost

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