trucks &airplanesThis resourcefalls underthe capitalfactor ofproductionefficiencyusing limitedresources tomaximizeproduction ofgoods andservicesfactor ofproductiona resourceused toproducegoods andservicesLandall the renewableand nonrenewablenatural resourcesused in theproductionprocessEntrepreneurshipthe act of startinga business bybringing togetherall the otherfactors ofproductionHumanCapitalthe skills,knowledge, andexperiencepossessed bypeople that addsvalue to their jobsFree!Capitalthe buildings,equipment, andhuman skillsused toproduce goodsand servicesunattainablepointany combination ofpossible outputs thatlies outside the PPCcurve; the point atwhich there are notenough resources toproduceproductionpossibilitiescurve(PPC)a graph showingthe total possibleamount of goodsand services thatcan be producedwith limitedavailable resourceslaborlabor the physicaland mental effortscontributed byhumans in theproductionprocessPhysicalCapitalall the thingsrequired bybusinesses toproduce goodsand services fromraw materialsoilThis resourcefalls underthe landfactor ofproductionunderutilizationusingresourcesbelow theirmaximumefficiencygunsversusbuttera simple PPCdepicting all thepossiblecombinations ofdefense goods andconsumer goodsproduced in aneconomyengineersThis resourcefalls underthe laborfactor ofproductiontrucks &airplanesThis resourcefalls underthe capitalfactor ofproductionefficiencyusing limitedresources tomaximizeproduction ofgoods andservicesfactor ofproductiona resourceused toproducegoods andservicesLandall the renewableand nonrenewablenatural resourcesused in theproductionprocessEntrepreneurshipthe act of startinga business bybringing togetherall the otherfactors ofproductionHumanCapitalthe skills,knowledge, andexperiencepossessed bypeople that addsvalue to their jobsFree!Capitalthe buildings,equipment, andhuman skillsused toproduce goodsand servicesunattainablepointany combination ofpossible outputs thatlies outside the PPCcurve; the point atwhich there are notenough resources toproduceproductionpossibilitiescurve(PPC)a graph showingthe total possibleamount of goodsand services thatcan be producedwith limitedavailable resourceslaborlabor the physicaland mental effortscontributed byhumans in theproductionprocessPhysicalCapitalall the thingsrequired bybusinesses toproduce goodsand services fromraw materialsoilThis resourcefalls underthe landfactor ofproductionunderutilizationusingresourcesbelow theirmaximumefficiencygunsversusbuttera simple PPCdepicting all thepossiblecombinations ofdefense goods andconsumer goodsproduced in aneconomyengineersThis resourcefalls underthe laborfactor 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
N N
2
I I
3
G G
4
B B
5
I I
6
B B
7
B
8
N N
9
N N
10
G G
11
G G
12
I I
13
I I
14
B B
15
G G
16
N N
  1. N-This resource falls under the capital factor of production
    N-trucks & airplanes
  2. I-using limited resources to maximize production of goods and services
    I-efficiency
  3. G-a resource used to produce goods and services
    G-factor of production
  4. B-all the renewable and nonrenewable natural resources used in the production process
    B-Land
  5. I-the act of starting a business by bringing together all the other factors of production
    I-Entrepreneurship
  6. B-the skills, knowledge, and experience possessed by people that adds value to their jobs
    B-Human Capital
  7. B-Free!
  8. N-the buildings, equipment, and human skills used to produce goods and services
    N-Capital
  9. 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
  10. 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)
  11. G-labor the physical and mental efforts contributed by humans in the production process
    G-labor
  12. I-all the things required by businesses to produce goods and services from raw materials
    I-Physical Capital
  13. I-This resource falls under the land factor of production
    I-oil
  14. B-using resources below their maximum efficiency
    B-underutilization
  15. G-a simple PPC depicting all the possible combinations of defense goods and consumer goods produced in an economy
    G-guns versus butter
  16. N-This resource falls under the labor factor of production
    N-engineers