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
×
seesaw
Swap points!
Oops!
×
magnet
Take 20 points!
Okay!
×
gift
Win 25 points!
Okay!
×
banana
Go to last place!
Oops!
5
×
It is the foregone value of the next best alternative, the value of things we give up.
Opportunity Costs
Oops!
Check
Okay!
Check
5
×
The imbalance between human needs and wants and the means of satisfying them.
Scarcity
Oops!
Check
Okay!
Check
5
×
These are the people who are responsible in combining the three other economic resources.
Entrepreneurs
Oops!
Check
Okay!
Check
×
eraser
Reset score!
Oops!
×
fairy
Take points!
5
10
15
20
25
×
rocket
Go to first place!
Okay!
×
thief
Give points!
5
10
15
20
25
5
×
is when resources are allocated in the most efficient manner.
Full Production
Oops!
Check
Okay!
Check
5
×
are the goods or services available to produce valuable end user products, also called factors of production.
Economic Resources
Oops!
Check
Okay!
Check
×
banana
Go to last place!
Oops!
×
gold
Win 50 points!
Okay!
×
gift
Win 25 points!
Okay!
×
thief
Give points!
5
10
15
20
25
5
×
(In economics)Â What acronym "P.P.C." stands for?
Production Possibilities Curve
Oops!
Check
Okay!
Check
5
×
is compensation quoted on a monthly or annual basis.
Salary
Oops!
Check
Okay!
Check
5
×
What Factor of Production is this?
Labor
Oops!
Check
Okay!
Check
5
×
is when the available Human resources are being maximized efficiently.
Full Employment
Oops!
Check
Okay!
Check
5
×
is an increase in the capacity of an economy to produce goods and services.
Economic Growth
Oops!
Check
Okay!
Check
5
×
is the effort to organize the production process.
Entrepreneurial Ability
Oops!
Check
Okay!
Check
5
×
is an economic level at which the economy can no longer produce additional amounts of good without lowering the production level of another product.
Product Efficiency
Oops!
Check
Okay!
Check
5
×
is a compensation based on the number of hours worked multiplied by an hourly rate.
Wage
Oops!
Check
Okay!
Check
×
Restart
Review
Join for Free
;
Your experience on this site will be improved by allowing cookies.
Allow cookies