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Team 2
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Teams
Name
Score
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15
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An economic system that allow businesses to make all decisions without government interference.
Market
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Okay!
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15
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Large numbers of people are involved in decision-making in this economic system.
Market or Mixed
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An economic system that does not guarantee everyone a job or even their basic needs to be met.
Command
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Buyers and sellers make economic decisions in this economic system.
Market or Mixed
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Workers can bargain for higher wages in this economic system.
Market or mixed
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15
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What is used in economics to illustrate economic growth?
production possibilities curve
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Individuals have little choice in the work they do in this economic system.
Command
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An economic system that is fully controlled by the government.
Command
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Consumers may buy or not buy goods and services in this economic system
Market or mixed
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What economic system focuses on the goal of freedom?
Market
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15
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A permanent condition that exists because unlimited wants exceed limited resources.
scarcity
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When you make a decision, you give up the next best alternative. What is this called?
opportunity cost
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trap
No points!
Oops!
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shark
Other team loses 20 points!
Okay!
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gift
Win 20 points!
Okay!
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thief
Give points!
5
10
15
20
25
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heart
Other team wins 15 points!
Oops!
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rocket
Go to first place!
Okay!
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rocket
Go to first place!
Okay!
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thief
Give points!
5
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15
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25
15
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Things that people desire but are not necessary for their survival
wants
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Okay!
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banana
Go to last place!
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gold
Win 50 points!
Okay!
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fairy
Take points!
5
10
15
20
25
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banana
Go to last place!
Oops!
×
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