laborlabor the physicaland mental effortscontributed byhumans in theproductionprocessengineersThis resourcefalls underthe laborfactor ofproductionEntrepreneurshipthe act of startinga business bybringing togetherall the otherfactors ofproductionHumanCapitalthe skills,knowledge, andexperiencepossessed bypeople that addsvalue to their jobsfactor ofproductiona resourceused toproducegoods andservicesLandall the renewableand nonrenewablenatural resourcesused in theproductionprocessFree!efficiencyusing limitedresources tomaximizeproduction ofgoods andservicesproductionpossibilitiescurve(PPC)a graph showingthe total possibleamount of goodsand services thatcan be producedwith limitedavailable resourcesunattainablepointany combination ofpossible outputs thatlies outside the PPCcurve; the point atwhich there are notenough resources toproduceCapitalthe buildings,equipment, andhuman skillsused toproduce goodsand servicesgunsversusbuttera simple PPCdepicting all thepossiblecombinations ofdefense goods andconsumer goodsproduced in aneconomyPhysicalCapitalall the thingsrequired bybusinesses toproduce goodsand services fromraw materialsunderutilizationusingresourcesbelow theirmaximumefficiencytrucks &airplanesThis resourcefalls underthe capitalfactor ofproductionoilThis resourcefalls underthe landfactor ofproductionlaborlabor the physicaland mental effortscontributed byhumans in theproductionprocessengineersThis resourcefalls underthe laborfactor ofproductionEntrepreneurshipthe act of startinga business bybringing togetherall the otherfactors ofproductionHumanCapitalthe skills,knowledge, andexperiencepossessed bypeople that addsvalue to their jobsfactor ofproductiona resourceused toproducegoods andservicesLandall the renewableand nonrenewablenatural resourcesused in theproductionprocessFree!efficiencyusing limitedresources tomaximizeproduction ofgoods andservicesproductionpossibilitiescurve(PPC)a graph showingthe total possibleamount of goodsand services thatcan be producedwith limitedavailable resourcesunattainablepointany combination ofpossible outputs thatlies outside the PPCcurve; the point atwhich there are notenough resources toproduceCapitalthe buildings,equipment, andhuman skillsused toproduce goodsand servicesgunsversusbuttera simple PPCdepicting all thepossiblecombinations ofdefense goods andconsumer goodsproduced in aneconomyPhysicalCapitalall the thingsrequired bybusinesses toproduce goodsand services fromraw materialsunderutilizationusingresourcesbelow theirmaximumefficiencytrucks &airplanesThis resourcefalls underthe capitalfactor ofproductionoilThis resourcefalls underthe landfactor ofproduction

Production Curves - 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
G G
2
N N
3
I I
4
B B
5
G G
6
B B
7
B
8
I I
9
G G
10
N N
11
N N
12
G G
13
I I
14
B B
15
N N
16
I I
  1. G-labor the physical and mental efforts contributed by humans in the production process
    G-labor
  2. N-This resource falls under the labor factor of production
    N-engineers
  3. I-the act of starting a business by bringing together all the other factors of production
    I-Entrepreneurship
  4. B-the skills, knowledge, and experience possessed by people that adds value to their jobs
    B-Human Capital
  5. G-a resource used to produce goods and services
    G-factor of production
  6. B-all the renewable and nonrenewable natural resources used in the production process
    B-Land
  7. B-Free!
  8. I-using limited resources to maximize production of goods and services
    I-efficiency
  9. G-a graph showing the total possible amount of goods and services that can be produced with limited available resources
    G-production possibilities curve (PPC)
  10. N-any combination of possible outputs that lies outside the PPC curve; the point at which there are not enough resources to produce
    N-unattainable point
  11. N-the buildings, equipment, and human skills used to produce goods and services
    N-Capital
  12. G-a simple PPC depicting all the possible combinations of defense goods and consumer goods produced in an economy
    G-guns versus butter
  13. I-all the things required by businesses to produce goods and services from raw materials
    I-Physical Capital
  14. B-using resources below their maximum efficiency
    B-underutilization
  15. N-This resource falls under the capital factor of production
    N-trucks & airplanes
  16. I-This resource falls under the land factor of production
    I-oil