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Teams
Name
Score
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15
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The percentage of people who can read and write in a country
Literacy Rate
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15
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Most countries have this type of economy
Mixed
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15
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Tools that are created by humans to help them accomplish a task
Capital Resources
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20
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Name the two categories of natural resources
Renewable and Non-Renewable
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trap
No points!
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gift
Win 10 points!
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shark
Other team loses 20 points!
Okay!
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baam
Lose 20 points!
Oops!
15
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The total value of all goods and services produced in a single year
GDP
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thief
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5
10
15
20
25
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seesaw
Swap points!
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gift
Win 25 points!
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baam
Lose 15 points!
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15
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The two types of labor needed with human resources
Mental Labor and Physical Labor
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15
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When countries focus on making goods that they can produce easily with the resources that are already in their country
Specialization
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25
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How a government decides to distribute resources is called
allocation
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monster
Reset all scores!
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magnet
Take 20 points!
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shark
Other team loses 20 points!
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lifesaver
Give 10 points!
Oops!
25
×
Name the three fundamental questions of economics
What to produce? How to produce? Who to produce for?
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15
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Explains how people get the goods and services they need and want
Economics
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15
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Actions that people perform that we pay for
Services
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20
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The term for the reality that all countries have different amounts of natural, human, and capital resources
Uneven distribution
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15
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In this economy, the people answer all of the fundamental questions of economics
Market
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