Name That Factor of Production
Production/PPF/PPC
Misc
Economic Systems 1
Economic Systems 2
Economic Systems 3
100
Oil
What is land/natural resource
100
These are things that every human group must produce (production: the action of making or manufacturing from components or raw materials)
What is
food, water, shelter
(optional: energy)
100
A sports car is a consumer or capital good
What is a consumer good
100
These are the three questions that every economic system answers
What are:
What do we make?
How do we make it?
Who gets it?
100
The market where finished goods and services are bought and sold (think Circular Flow)
What is the product market
100
A financial payment for which nothing is received directly in return
What is a transfer payment
200
A tower crane
What is hard capital/physical capital
200
This is how production adds value
What is production increases scarcity and/or increases utility
200
A carpenter's table saw is a consumer or capital good
What is a capital good
200
An economic system that relies on individual decision-making
What is market
200
The market where productive resources are bought and sold (think Circular Flow)
What is the factor market
200
This is one example of a traditional economy in the American mixed economic system
What is Christmas shopping (gifts, trees, etc.)
What is Turkey on Thanksgiving
What is Valentine's Day shopping, 4th of July shopping, etc.
300
An 8 hour shift at a factory
What is labor
300
One way this economic system could move from Point B to the curve 
What is [some variation of utilizing its existing resources more efficiently]
300
The next most desirable alternative to a choice
What is opportunity cost
300
An economic system where the government tells factories how much to make each quarter
What is centrally-planned/command
300
This is the reason it is difficult, if not impossible, for an economic system to achieve all of its prioritized socioeconomic values
What are trade-offs
300
A command economy answers "What do we make" in this way
What is the gov't/centralized authority decides
400
Knowledge of how to build a house
What is human capital
400
One way this economic system might reach Point D
What is [some increase in one or more factors of production]
400
TINSTAAFL
What is
There Is No Such Thing As A Free Lunch
400
An economic system that does best when producers compete
What is a market system
400
This is one way that a command economy differs from a market economy
What is [centralized/collective ownership of the factors of production]
What is [centralized decision-making]
400
A market economy answers "What do we make" in this way
What is producers decide to produce what they think they can sell
500
Milk from a cow
What is land/natural resource
500
True/False: Immigration would move an economic system from somewhere inside its PPF to the curve itself
What is false
500
Thinking what the opportunity cost would be of adding or subtracting an additional unit of a resource
What is thinking at the margins
500
A reason a market system functions better when there is a high level of competition between producers
What is [something about innovation]
What is [something about benefits to consumers]
What is [something about benefits to workers]
500
A market economy answers "Who gets it?" in this way
What is those who are willing and able to buy
500
This is why it would be impossible to have a 100% market system (think mixed economy or Free Enterprise System)
What is there needs to be some authority/government to at least enforce contracts and property rights
[or something along these lines]