Economics Review | Baamboozle - Baamboozle | The Most Fun Classroom Games!

English 23 Public

Personal Saving and Spending, Allocation of Goods and Services, Bartering, Scarcity, Opportunity Cost, and Juliette Gordon Lowe

Study Slideshow

To keep or not spend money NOW, so the money can be used LATER

save

15

To trade or exchange goods and services for other goods and services

barter

15

To decide who gets something or to give out

allocate

15

Things or products made by others that we want or need.

goods

15

Things we can use to meet our needs or wants, like money, nature, people, and tools.

resources

15

The study of money

economics

15

When there are not enough resources to provide everything people need or want, we have

scarcity

15

Activities or jobs done by others that we want or need.

services

15

What you give up when you choose to buy or get something else

opportunity cost

15

To use or give up money to buy goods or services

spend

15

Name one good.

answers will vary

15

Name one service.

answers will vary

15

Name 2 goods.

answers will vary

15

Name 2 services.

answers will vary

15

If I get enough money, that is called.... (majority rule, price, first-come first-serviced, or force)

price

15

If I decide who gets a good or service because I'm in charge, that's called... (contest, lottery, authority, or sharing)

authority

15