Communication!. Communication Game Board. Basics. Factors of Production. Basic Concepts. Hodge Podge. Types of Economics & Goals. 100. 100. 100. 100. 100. 200. 200. 200. 200. 200. 300. 300. 300. 300. 300. 400. 400. 400. 400. 400. 500. 500. 500. 500. 500.
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Factors of Production
Types of Economics & Goals
What is the fundamental economic problem.Basics for 100
Study of how people try to satisfy unlimited an competing wants.Basics for 200
Basic requirement for survival like food clothing & shelter.Basics for 300
A way of expressing a need.Basics for 400
What are the 3 basic economic questions.Basics for 500
Gifts of nature or natural resources created by humans.Factors of Production for 100
Tools, Equipment, Machinery used to produce goods.Factors of Production for 200
People with all their efforts, abilities an skills.Factors of Production for 300
What is Entrepreneur.Factors of Production for 400
What is Production.Factors of Production for 500
What is value.Basic Concepts for 100
What is Paradox of value.Basic Concepts for 200
What is utility.Basic Concepts for 300
Accumulation of products that are tangible, scarce, useful an transferable.
What is wealth.Basic Concepts for 400
He wrote The Wealth of Nations an transferable.
Who is Adam SmithBasic Concepts for 500
The sum of skills, abilities, health an motivation of an transferablepeople
What is Human Capital..Hodge Podgefor 100
The means that we rely on others an transferableand they rely on us to provide services and goods
is Economic Interdependence.Hodge Podgefor 200
The cost an transferableof the next best alternative.
Opportunity costHodge Podgefor 300
A type of an transferablethinking about a problem that compares cost of an action with benefits received
What is Cost benefit analysis?Hodge Podgefor 400
Answer an transferable
Question?Hodge Podgefor 500
Allocation of resources stems from ritual, an transferablehabit or
What is TraditionalTypes of Economics & Goals for 100
Central authority makes most of the what, how an for whom an transferabledecision
Command Economy.Types of Economics & Goals for 200
People an firms act in their best interest as owners what, how an for whom.
What is market.Types of Economics & Goals for 300
What is inflation. how an for whom
A rise in general level of prices.Types of Economics & Goals for 400
What is Equity, security, efficiency, full employment, freedom, stability an growth.
Name 4 of the 7 economic an social goals.Types of Economics & Goals for 500
Who plays the roles of protector, consumer, regulator, and promoter of the economy?