Team 1
0
Team 2
0
Teams
Name
Score
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Loading
15
×
Human wants are greater than the resources that are available to satisfy them. This implies the need to _____________.
ask for less
work harder
make choices to allocate resources
Borrow or sell
Oops!
Show
Check
Okay!
Check
15
×
The three economic problems are asked by individuals & societies because of the problem of ______________
consumer preferences
scarcity
limited wants
unlimited resources
Oops!
Show
Check
Okay!
Check
15
×
I only have an hour of free time today. If I study, I can't see my friends. What is this an example of?
Costs Versus benefits
Scarcity forces tradeoff
Incentives matter
Rational decision
Oops!
Show
Check
Okay!
Check
×
thief
Give points!
5
10
15
20
25
×
seesaw
Swap points!
Okay!
×
shark
Other team loses 5 points!
Okay!
×
baam
Lose 20 points!
Oops!
15
×
What do you call it when you run out of coffee creamer?
Consumption
Shortage
Scarcity
Production
Oops!
Show
Check
Okay!
Check
×
lifesaver
Give 20 points!
Oops!
×
fairy
Take points!
5
10
15
20
25
×
shark
Other team loses 5 points!
Okay!
×
lifesaver
Give 15 points!
Oops!
15
×
The biggest economic problem is ________
Lack of resources
Unemployment
Limited wants
Unlimited resources
Oops!
Show
Check
Okay!
Check
15
×
Tangible products are the only things we pay for.
True
False
Oops!
Show
Check
Okay!
Check
15
×
Just like natural and capital resources, technology is also considered a factor of production.
False
True
Oops!
Show
Check
Okay!
Check
15
×
What's the opportunity cost of investing in capital?
Infrastructure
Leisure
Current consumption
Wealth
Oops!
Show
Check
Okay!
Check
15
×
A product which requires resources to produce and, therefore, has an opportunity cost.
Economic good
Capital good
Intangible service
Consumer good
Oops!
Show
Check
Okay!
Check
×
seesaw
Swap points!
Oops!
×
gift
Win 5 points!
Okay!
×
rocket
Go to first place!
Okay!
×
lifesaver
Give 25 points!
Oops!
15
×
Scarcity means ______________ amount of resources available to meet _____________ needs & wants.
Limited, unlimited
limited, few
unlimited, limited
few, limited
Oops!
Show
Check
Okay!
Check
15
×
Which of the following seems to represent the law of diminishing marginal utility?
Toka enjoys her 10th can of pepsi more than her first
Rawan's 5th hamburger sandwich is more delicious than her first
Darine has a decreasing desire for more wealth the richer she becomes
Mariam likes Tik-tok more and more, the more she Tik-toks
Oops!
Show
Check
Okay!
Check
×
baam
Lose 10 points!
Oops!
×
fairy
Take points!
5
10
15
20
25
×
fairy
Take points!
5
10
15
20
25
×
baam
Lose 25 points!
Oops!
15
×
Which of the following statements about this production possibilities curve is true?
Point E might be achieved in future cos of technological improvements
Point A is not attainable in a developed society
Point D is not attainable given the societiy's resources
Points C&D reflect equal amounts of computers & farm products
Oops!
Show
Check
Okay!
Check
×
Restart
Review
Join for Free
;
Your experience on this site will be improved by allowing cookies.
Allow cookies