Team 1
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Team 2
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Teams
Name
Score
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15
×
Over time, the satisfaction per unit declines
Diminishing marginal utility
Oops!
Check
Okay!
Check
10
×
An authority allocates goods in this system
Command (communism ok)
Oops!
Check
Okay!
Check
10
×
Market allocate goods in this system
capitalism
Oops!
Check
Okay!
Check
10
×
tinstaafl
No such thing as a free lunch
Oops!
Check
Okay!
Check
15
×
4 scarce factors of production
land, labor, capital, ET
Oops!
Check
Okay!
Check
×
thief
Give points!
5
10
15
20
25
×
rocket
Go to first place!
Okay!
×
gift
Win 20 points!
Okay!
×
baam
Lose 25 points!
Oops!
5
×
The best forgone choice when a decision is made
Opportunity Cost
Oops!
Check
Okay!
Check
10
×
Least cost production
Production Efficiency
Oops!
Check
Okay!
Check
×
trap
No points!
Oops!
×
star
Double points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
baam
Lose 20 points!
Oops!
20
×
The PPC curve iis concave relative to the origin due to
increasing opportunity cost.
Oops!
Check
Okay!
Check
10
×
Trade based on opportunity cost
Comparative advantage
Oops!
Check
Okay!
Check
15
×
Joan gets 4 utils per dollar from her current allocation of apples, and .5 from oranges. What should she do?
But more apples
Oops!
Check
Okay!
Check
10
×
Trade based on total output
Absolute advantage
Oops!
Check
Okay!
Check
×
monster
Reset all scores!
Oops!
×
fairy
Take points!
5
10
15
20
25
×
shark
Other team loses 10 points!
Okay!
×
thief
Give points!
5
10
15
20
25
10
×
When MC=MB
allocative efficiency
Oops!
Check
Okay!
Check
×
banana
Go to last place!
Oops!
×
rocket
Go to first place!
Okay!
×
rocket
Go to first place!
Okay!
×
banana
Go to last place!
Oops!
×
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