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Welcome To Big Board Facts

Welcome To Big Board Facts

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Vocab 5 10 15 20 25 Test Questions 5 10 15 20 25 Vocab

Vocab 5 10 15 20 25 Test Questions 5 10 15 20 25 Vocab 2 5 10 15 20 25 Vocab 3 5 10 15 20 25 True/False. 5 10 15 20 25 Team One Team Three Team Five Team Two Team Four Team Six

Vocab Question for 5 Points Tool, equipment, or other manufactured good used to produce

Vocab Question for 5 Points Tool, equipment, or other manufactured good used to produce other goods and services. Show Answer

Vocab Answer for 5 Points Capital good Back to Board

Vocab Answer for 5 Points Capital good Back to Board

Vocab Question for 10 Points Cost of the next best alternative use of money,

Vocab Question for 10 Points Cost of the next best alternative use of money, time, or resources when one choice is made rather than another. Show Answer

Vocab Answer for 10 Points Opportunity Cost Back to Board

Vocab Answer for 10 Points Opportunity Cost Back to Board

Vocab Question for 15 Points Meeting Place or Arrangement through which buyers and sellers

Vocab Question for 15 Points Meeting Place or Arrangement through which buyers and sellers interact to determine price and quantity of an economic product. Show Answer

Vocab Answer for 15 Points Market Back to Board

Vocab Answer for 15 Points Market Back to Board

Vocab Question for 20 Points Work or labor performed for someone. Show Answer

Vocab Question for 20 Points Work or labor performed for someone. Show Answer

Vocab Answer for 20 Points Service Back to Board

Vocab Answer for 20 Points Service Back to Board

Vocab Question for 25 Points Tangible economic product that is useful, transferable to others,

Vocab Question for 25 Points Tangible economic product that is useful, transferable to others, and used to satisfy wants and needs. Show Answer

Vocab Answer for 25 Points Good Back to Board

Vocab Answer for 25 Points Good Back to Board

Test Questions Question for 5 Points What is the money businesses receive from households

Test Questions Question for 5 Points What is the money businesses receive from households in a Product Market? Show Answer

Test Questions Answer for 5 Points Revenue Back to Board

Test Questions Answer for 5 Points Revenue Back to Board

Test Questions Question for 10 Points In the Circular Flow Model of Economics, what

Test Questions Question for 10 Points In the Circular Flow Model of Economics, what is the money households receive from businesses in the Factor Market? Show Answer

Test Questions Answer for 10 Points Wages Back to Board

Test Questions Answer for 10 Points Wages Back to Board

Test Questions Question for 15 Points Sum of those economic products that are tangible,

Test Questions Question for 15 Points Sum of those economic products that are tangible, scarce, useful, and transferable. Show Answer

Test Questions Answer for 15 Points Wealth Back to Board

Test Questions Answer for 15 Points Wealth Back to Board

Test Questions Question for 20 Points Condition of not having enough resources to produce

Test Questions Question for 20 Points Condition of not having enough resources to produce all the things people want. Show Answer

Test Questions Answer for 20 Points Scarcity Back to Board

Test Questions Answer for 20 Points Scarcity Back to Board

Test Questions Question for 25 Points People with all their efforts, abilities, and skills.

Test Questions Question for 25 Points People with all their efforts, abilities, and skills. Show Answer

Test Questions Answer for 25 Points Labor Back to Board

Test Questions Answer for 25 Points Labor Back to Board

Vocabulary 2 Question for 5 Points Alternative choices made by consumers in the marketplace.

Vocabulary 2 Question for 5 Points Alternative choices made by consumers in the marketplace. Show Answer

Vocabulary 2 Answer for 5 Points Trade-offs Back to Board

Vocabulary 2 Answer for 5 Points Trade-offs Back to Board

Vocabulary 2 Question for 10 Points Diagram representing various combinations of goods and/or services

Vocabulary 2 Question for 10 Points Diagram representing various combinations of goods and/or services that an economy can produce when all productive resources are fully employed. Show Answer

Vocabulary 2 Answer for 10 Points Production Possibilities frontier Back to Board

Vocabulary 2 Answer for 10 Points Production Possibilities frontier Back to Board

Vocabulary 2 Question for 15 Points Economy in which consumers and privately owned businesses

Vocabulary 2 Question for 15 Points Economy in which consumers and privately owned businesses make the majority of the WHAT, HOW, and FOR WHOM decisions. Show Answer

Vocabulary 2 Answer for 15 Points Free Enterprise Economy Back to Board

Vocabulary 2 Answer for 15 Points Free Enterprise Economy Back to Board

Vocabulary 2 Question for 20 Points Way of expressing a need that leads to

Vocabulary 2 Question for 20 Points Way of expressing a need that leads to a preference for some goods over others. Show Answer

Vocabulary 2 Answer for 20 Points Want Back to Board

Vocabulary 2 Answer for 20 Points Want Back to Board

Vocabulary 2 Question for 25 Points Group of people ultimately determines the products that

Vocabulary 2 Question for 25 Points Group of people ultimately determines the products that a free enterprise economy produces Show Answer

Vocabulary 2 Answer for 25 Points Consumers Back to Board

Vocabulary 2 Answer for 25 Points Consumers Back to Board

Vocabulary 3 Question for 5 Points Actions in one part of the country or

Vocabulary 3 Question for 5 Points Actions in one part of the country or world that have an economic impact on what happens elsewhere are examples of ____. Show Answer

Vocabulary 3 Answer for 5 Points Economic Independence Back to Board

Vocabulary 3 Answer for 5 Points Economic Independence Back to Board

Vocabulary 3 Question for 10 Points Market where productive resources are bought and sold.

Vocabulary 3 Question for 10 Points Market where productive resources are bought and sold. Show Answer

Vocabulary 3 Answer for 10 Points Factor Market Back to Board

Vocabulary 3 Answer for 10 Points Factor Market Back to Board

Vocabulary 3 Question for 15 Points Show Answer

Vocabulary 3 Question for 15 Points Show Answer

Vocabulary 3 Answer for 15 Points Back to Board

Vocabulary 3 Answer for 15 Points Back to Board

Vocabulary 3 Question for 20 Points Show Answer

Vocabulary 3 Question for 20 Points Show Answer

Vocabulary 3 Answer for 20 Points Back to Board

Vocabulary 3 Answer for 20 Points Back to Board

Vocabulary 3 Question for 25 Points Show Answer

Vocabulary 3 Question for 25 Points Show Answer

Vocabulary 3 Answer for 25 Points Back to Board

Vocabulary 3 Answer for 25 Points Back to Board

True/False Question for 5 Points Opportunity cost is the first choice that one chooses

True/False Question for 5 Points Opportunity cost is the first choice that one chooses and goes with. Show Answer

Test Questions Answer for 5 Points False Back to Board

Test Questions Answer for 5 Points False Back to Board

True/False Question for 10 Points A rational choice is one where the cost outweighs

True/False Question for 10 Points A rational choice is one where the cost outweighs the benefit. Show Answer

True/False Answer for 10 Points False Back to Board

True/False Answer for 10 Points False Back to Board

True/False Question for 15 Points A market is an arrangement that allows buyers and

True/False Question for 15 Points A market is an arrangement that allows buyers and sellers to exchange things. Show Answer

True/False Answer for 15 Points True Back to Board

True/False Answer for 15 Points True Back to Board

True/False Question for 20 Points When manufactured goods are used to produce other goods

True/False Question for 20 Points When manufactured goods are used to produce other goods and services, they are called capital goods. Show Answer

True/False Answer for 20 Points True Back to Board

True/False Answer for 20 Points True Back to Board

True/False Question for 25 Points Economics is a social science that studies the choices

True/False Question for 25 Points Economics is a social science that studies the choices made while coping with scarcity. Show Answer

True/False Answer for 25 Points True Back to Board

True/False Answer for 25 Points True Back to Board

Show Question

Show Question

“Big Points” 25 26 27 28 29 30 10 11 12 13 14 15

“Big Points” 25 26 27 28 29 30 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 Question The sum of all goods and services produced within the borders of a country on a person basis. Show Answer

Big Points Answer for Big Points GDP per capita Back to Board

Big Points Answer for Big Points GDP per capita Back to Board

Big Board Facts © 2010 Jeff Ertzberger All rights reserved. All Clipart copyright Graphics.

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