Team 1
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Team 2
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Teams
Name
Score
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lifesaver
Give 15 points!
Oops!
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gift
Win 25 points!
Okay!
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gift
Win 20 points!
Okay!
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lifesaver
Give 25 points!
Oops!
15
×
What do we call a person who manufactures or creates things?
A producer
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25
×
What is the "invisible rule" that controls the cost of everything in a market?
Supply and Demand
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monster
Reset all scores!
Oops!
×
rocket
Go to first place!
Okay!
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rocket
Go to first place!
Okay!
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baam
Lose 25 points!
Oops!
20
×
How many consumers actually want to buy a product is also known as ________.
Demand
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10
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What usually happens to the price of an item if a store has too much supply (HIGH supply) but nobody wants to buy it (LOW demand)?
The price goes down.
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20
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What is the main purpose of "Diplomacy"?
To help different groups or countries talk to each other, solve problems, and make peaceful agreements
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20
×
How much of a product is available to buy is also known as _________
Supply
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10
×
Name 3 examples of a "good"
Video games, cakes, paper, shoes, any THING you can buy
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15
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What usually happens to the price of an item if the supply is very LOW but the demand is very HIGH?
The price goes up!
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15
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Why are fossil fuels like coal, oil, and natural gas considered "non-renewable"?
Because they take millions of years to form and cannot be easily replaced once used up.
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heart
Other team wins 10 points!
Oops!
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fairy
Take points!
5
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15
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25
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shark
Other team loses 25 points!
Okay!
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banana
Go to last place!
Oops!
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lifesaver
Give 15 points!
Oops!
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fairy
Take points!
5
10
15
20
25
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rocket
Go to first place!
Okay!
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banana
Go to last place!
Oops!
15
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In economics, how is a "Need" different from a "Want"?
A need is required for survival (like food or water), while a want is just something nice to have (like a video game).
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15
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Anything that people can use to meet their needs is known as a ___________.
Resource
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15
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What makes a resource renewable?
It can be replaced or replenished naturally in a short amount of time.
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