Econ Review Game | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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If I eat the corn, I'm the _____.

consumer

laborer

producer

supplier

I choose to wear my pink shirt to school today instead of my blue one. My blue shirt is my ______ because it’s the option I gave up.

opportunity cost

economy

capital resource

export

Selena traded her sandwich for some crackers. This is an example of ____.

exporting

importing

demand

barter

When _________ increases, price increase.

good

supply

service

demand

When a country sends out goods to another country, it's an ____.

export

import

economy

Which incentive is positive?

Drivers lose pay each time they get a ticket.

Customers get a free cookie when they buy a dozen.

Workers miss lunch if they are producing enough.

Workers are docked $1 per minute they are late.

Which is a good?

car wash

dog walking

ice cream

hair cut

A recent hurricane has flooded South Carolina. Now all the cotton crops are under water and damaged. What is happening to supply, demand, and price?

Supply goes up, Demand stays the same, Price goes down

Supply goes down, Demand stays the same, Price goes up

Supply goes down, Demand goes down, Price goes down

Supply stays the same, Demand goes down, Price goes up

An oven is which kind of resource?

labor resource

human resource

capital resource

natural resource

Which is NOT one of the 3 basic economic questions that society must answer to form their economic system?

For whom to produce?

What to produce?

How to produce?

How much to charge?

Which is a service?

hair cut

TV

shirt

coffee cup

An ___ is a system for producing, distributing, and consuming goods and services?

export

import

economy

When a country brings in goods from another country it's an ____

opportunity cost

import

invitation

export

A new phone comes out and now noone wants to buy the outdated version. What is happening to supply, demand, and price?

Supply stays the same, Demand goes down, Price goes down

Supply goes down, Demand stays the same, Price goes up

Supply stays the same, Demand stays the same, Price goes up

Supply goes up, Demand stays the same, Price goes down

A SuperBowl _____ can cost millions, but is worth every penny since billions of people see it.

barter

supply

economy

When ________ increases, price decreases.

imports

supply

economy

demand

A factory worker would be which kind of resource?

natural resource

human resource

newer resource

money resource

Read the statement: Consumers decide the answers to the basic economic questions. Which type of econ system does it describe?

Traditional

Command

Market

Oil is which kind of resource?

capital resource

labor resource

natural resource

human resource

Which is NOT a reason a country might want to trade an item?

They cannot produce the item.

They do not have the resources to produce the item.

They can't afford the item.

There is a high demand for the item.

Read the statements: Also called a Communist System. The government makes all decisions. Which type of econ system does it describe?

Command

Traditional

Market

Read the statements: Things are done as they were in the past. Money is rarely exchanged. Which type of econ system does it describe?

Command

Market

Traditional

Which incentive is negative?

Consumers earn a free cup of coffee after six.

Buy one get one free.

Customers get reward points each time they shop.

Workers lose pay if they are late to work.

If I grow the corn, I'm the _____.

producer

economist

consumer

importer