Hold allvariablesconstantexcept the twoof interestTrademakeseveryonebetter offcost ofincreasingan activityby 1 unitMarkets areusually goodways toorganizeeconomicactivityPeoplerespondtoincentivesEconomicsPeopleFacetrade offsbenefit ofincreasingan activityby 1 unitLand,Labor, &Capitalthere is a shortrun tradeoffbetweeninflation andunemploymentstatementabout whatought tobestudy ofindividual/firmleveldecisionsPricesincrease whengovernmentprints moremoneyGovernmentcan sometimesimprovemarketoutcomesEquipmentused inproduction/"K"Experience/educationof workers$amountpaidCountry'sstandard ofliving dependson ability toproduceWorkers/"L"TheInvisibleHandRationalpeoplethink atthe marginstudy ofnational/internationallevel decisionsActualland/naturalresources/"T"accountingcostopportunitycoststatementthat canbe verifiedas truethe max level ofwhat a countrycan producewith its factorsof productionthe value ofthe highestvaluedalternative toa decisionHold allvariablesconstantexcept the twoof interestTrademakeseveryonebetter offcost ofincreasingan activityby 1 unitMarkets areusually goodways toorganizeeconomicactivityPeoplerespondtoincentivesEconomicsPeopleFacetrade offsbenefit ofincreasingan activityby 1 unitLand,Labor, &Capitalthere is a shortrun tradeoffbetweeninflation andunemploymentstatementabout whatought tobestudy ofindividual/firmleveldecisionsPricesincrease whengovernmentprints moremoneyGovernmentcan sometimesimprovemarketoutcomesEquipmentused inproduction/"K"Experience/educationof workers$amountpaidCountry'sstandard ofliving dependson ability toproduceWorkers/"L"TheInvisibleHandRationalpeoplethink atthe marginstudy ofnational/internationallevel decisionsActualland/naturalresources/"T"accountingcostopportunitycoststatementthat canbe verifiedas truethe max level ofwhat a countrycan producewith its factorsof productionthe value ofthe highestvaluedalternative toa decision

ECO Intro - Call List

(Print) Use this randomly generated list as your call list when playing the game. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


1
N
2
I
3
G
4
N
5
B
6
B
7
G
8
O
9
I
10
N
11
I
12
O
13
I
14
O
15
B
16
N
17
B
18
B
19
O
20
G
21
N
22
G
23
G
24
I
25
B
26
I
27
O
  1. N-Hold all variables constant except the two of interest
  2. I-Trade makes everyone better off
  3. G-cost of increasing an activity by 1 unit
  4. N-Markets are usually good ways to organize economic activity
  5. B-People respond to incentives
  6. B-Economics
  7. G-People Face trade offs
  8. O-benefit of increasing an activity by 1 unit
  9. I-Land, Labor, & Capital
  10. N-there is a short run tradeoff between inflation and unemployment
  11. I-statement about what ought to be
  12. O-study of individual/firm level decisions
  13. I-Prices increase when government prints more money
  14. O-Government can sometimes improve market outcomes
  15. B-Equipment used in production/ "K"
  16. N-Experience/education of workers
  17. B-$ amount paid
  18. B-Country's standard of living depends on ability to produce
  19. O-Workers/"L"
  20. G-The Invisible Hand
  21. N-Rational people think at the margin
  22. G-study of national/international level decisions
  23. G-Actual land/natural resources/ "T"
  24. I-accounting cost opportunity cost
  25. B-statement that can be verified as true
  26. I-the max level of what a country can produce with its factors of production
  27. O-the value of the highest valued alternative to a decision