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Communication!

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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Communication!

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  1. Communication!

  2. 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 Final Challenge

  3. What is Scarcity. What is the fundamental economic problem. Basics for 100

  4. What is economics. Study of how people try to satisfy unlimited an competing wants. Basics for 200

  5. What is need. Basic requirement for survival like food clothing & shelter. Basics for 300

  6. What is want. A way of expressing a need. Basics for 400

  7. What is how, what an for whom. What are the 3 basic economic questions. Basics for 500

  8. What is land. Gifts of nature or natural resources created by humans. Factors of Production for 100

  9. What is Capital. Tools, Equipment, Machinery used to produce goods. Factors of Production for 200

  10. What is labor. People with all their efforts, abilities an skills. Factors of Production for 300

  11. A risk-taker in search of profits who does something new. What is Entrepreneur. Factors of Production for 400

  12. Process of creating goods an services. What is Production. Factors of Production for 500

  13. Worth that can be expressed in Dollars an cents. What is value. Basic Concepts for 100

  14. Where Necessities, like water, have little monetary value. What is Paradox of value. Basic Concepts for 200

  15. Capacity to be useful. What is utility. Basic Concepts for 300

  16. Accumulation of products that are tangible, scarce, useful an transferable. What is wealth. Basic Concepts for 400

  17. He wrote The Wealth of Nations. Who is Adam Smith Basic Concepts for 500

  18. The sum of skills, abilities, health an motivation of people What is Human Capital.. Hodge Podgefor 100

  19. The means that we rely on others and they rely on us to provide services and goods is Economic Interdependence. Hodge Podgefor 200

  20. The cost of the next best alternative. Opportunity cost Hodge Podgefor 300

  21. A type of thinking about a problem that compares cost of an action with benefits received What is Cost benefit analysis? Hodge Podgefor 400

  22. Answer Question? Hodge Podgefor 500

  23. Allocation of resources stems from ritual, habit or custom. What is Traditional Types of Economics & Goals for 100

  24. Central authority makes most of the what, how an for whom decision Command Economy. Types of Economics & Goals for 200

  25. People an firms act in their best interest as owners what, how an for whom. What is market. Types of Economics & Goals for 300

  26. What is inflation. A rise in general level of prices. Types of Economics & Goals for 400

  27. 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

  28. Who plays the roles of protector, consumer, regulator, and promoter of the economy? Government Final Challenge! Write Your Final Challenge Wager

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