Welcome to... A Game of X’s and O’s

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Scoreboard X O Click Here if X Wins Click Here if O Wins

1 What is scarcity?

1 Unlimited wants with limited resources Home

2 If you choose a $1 cookie over a candy cane, what is your opportunity cost?

2 The candy cane

3 What 2 things cause the PPC to grow?

3 Technology and resources

4 List the factors of production

4 Land, labor, capital, entrepreneurship

5 How could a company improve efficiency in production?

5 Specialization or division of labor

6 A Cashier at Mc Donald’s is an example of what?

6 labor

7 Which economic goal is associated with fair opportunity and the question of right/wrong?

7 Economic equity

8 What is exchanged in the factor market?

8 Land, labor, capital for money

9 Why do we have public goods? Give an example of one

9 It would not make sense for people to pay individually. (ex: police)