2. Welcome to... A Game of X’s and O’s

3. Modified from a game Developed by Presentation © 2000 - All rights Reserved markedamon@hotmail.com

4. 789 456 123

5. 789 456 123 Scoreboard X O Click Here if X Wins Click Here if O Wins

6. 1 What is scarcity?

7. 1 Unlimited wants with limited resources Home

8. 2 If you choose a $1 cookie over a candy cane, what is your opportunity cost?

9. 2 The candy cane

10. 3 What 2 things cause the PPC to grow?

11. 3 Technology and resources

12. 4 List the factors of production

13. 4 Land, labor, capital, entrepreneurship

14. 5 How could a company improve efficiency in production?

15. 5 Specialization or division of labor

16. 6 A Cashier at Mc Donald’s is an example of what?

17. 6 labor

18. 7 Which economic goal is associated with fair opportunity and the question of right/wrong?

19. 7 Economic equity

20. 8 What is exchanged in the factor market?

21. 8 Land, labor, capital for money

22. 9 Why do we have public goods? Give an example of one

23. 9 It would not make sense for people to pay individually. (ex: police)