It can be replaced or replenished naturally in a short amount of time.
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20
How many consumers actually want to buy a product is also known as ________.
Demand
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10
Name 3 different currencies?
USD, Won, Vietnam Dong, Yen, Euro, etc...
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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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thief
Give points!
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25
star
Double points!
Okay!
shark
Other team loses 25 points!
Okay!
baam
Lose 25 points!
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15
What do we call a person who manufactures or creates things?
A producer
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monster
Reset all scores!
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magnet
Take 10 points!
Okay!
fairy
Take points!
5
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25
thief
Give points!
5
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20
People who provide services or produce goods are known as _______.
Human resources
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15
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
Macro problem or Micro Problem: If you have a limited amount of allowance money and have to choose between buying a video game or saving it, what level of scarcity are you experiencing?
Micro
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seesaw
Swap points!
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rocket
Go to first place!
Okay!
fairy
Take points!
5
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25
banana
Go to last place!
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15
A baker who makes fresh bread and an artist who paints a picture are both examples of what?
Producers
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20
Name 3 examples of a "service"?
Teachers, cleaners, chefs, any job that a person does for money.
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20
What is an economy?
The wealth (money) and resources of a country.
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20
How much of a product is available to buy is also known as _________
Supply
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15
Name 3 types of human resources...
Teachers, doctors, chefs, bakers, farmers, ANY job!