All about the economy | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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15

How is it called the quantity of goods or services that producers offer at a certain price?

It is called supply.

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15

What led to mass production of goods?

The inventions of electricity and the assembly line.

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15

What is established when supply and demand are equal?

It is establish the final market price or the equilibrium price.

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15

The economy is a system in which businesses provide ________ and ________ which people buy and use to satisfy their needs.

goods / services

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15

In which economic sector do we obtain raw materials?

In the primary sector.

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lifesaver

Give 20 points!

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star

Double points!

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shark

Other team loses 20 points!

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thief

Give points!

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15

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25

15

What is the diagram representing?

The circular flow of economic activity.

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15

In which system is sustained inflation common?

In growing economies.

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15

The _________________ includes all the people between the ages of 16 and 67 who are physically able to work.

active population

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seesaw

Swap points!

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gift

Win 10 points!

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rocket

Go to first place!

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baam

Lose 25 points!

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15

The tertiary sector is also known as...

the service sector.

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15

What economic sector do factory workers or artisans belong to?

They belong to the secondary sector.

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eraser

Reset score!

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shark

Other team loses 10 points!

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shark

Other team loses 20 points!

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banana

Go to last place!

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15

What do bussineses often do with other businesses that offer similar products?

They compete trying to become the best brand.

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monster

Reset all scores!

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shark

Other team loses 20 points!

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rocket

Go to first place!

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baam

Lose 10 points!

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15

How is it called the work that people do in the production of goods and services?

It is called labour.

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