Team 1
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Team 2
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Teams
Name
Score
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banana
Go to last place!
Oops!
×
star
Double points!
Okay!
×
gift
Win 25 points!
Okay!
×
baam
Lose 20 points!
Oops!
15
×
Give an example of normative economic statement
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Check
Okay!
Check
15
×
Give an example of capital goods
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Check
Okay!
Check
15
×
What can lead to economic growth?
Technology, innovation, training and education, increase in resources
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Check
Okay!
Check
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monster
Reset all scores!
Oops!
×
gift
Win 10 points!
Okay!
×
rocket
Go to first place!
Okay!
×
lifesaver
Give 25 points!
Oops!
15
×
What is the basic economic problem?
Wants are unlimited but resources are scarce
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Check
Okay!
Check
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heart
Other team wins 15 points!
Oops!
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fairy
Take points!
5
10
15
20
25
×
rocket
Go to first place!
Okay!
×
baam
Lose 25 points!
Oops!
15
×
What does 'ceteris paribus' mean?
All other things are equal
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Check
Okay!
Check
15
×
What are capital goods?
Products that are bought by other companies to produce other goods
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Check
Okay!
Check
15
×
What does scarcity mean?
Limited amount/number of something
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Check
15
×
What is opportunity cost?
Cost of the next best alternative foregone when making a choice
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Check
Okay!
Check
15
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Give an example of consumer goods
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Check
Okay!
Check
15
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What does economics study?
Allocation of scarce resources
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Okay!
Check
15
×
Give an example of opportunity cost
Oops!
Check
Okay!
Check
15
×
What is economic growth?
Increase in the level of output by a nation
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Check
Okay!
Check
15
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What are normative economic statements?
Statements that are based on value judgement and can't be proven to be true or false
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Okay!
Check
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