factor ofproductiona resourceused toproducegoods andservicesproductionpossibilitiescurve(PPC)a graph showingthe total possibleamount of goodsand services thatcan be producedwith limitedavailable resourcesCapitalthe buildings,equipment, andhuman skillsused toproduce goodsand serviceslaborlabor the physicaland mental effortscontributed byhumans in theproductionprocessoilThis resourcefalls underthe landfactor ofproductionLandall the renewableand nonrenewablenatural resourcesused in theproductionprocessHumanCapitalthe skills,knowledge, andexperiencepossessed bypeople that addsvalue to their jobsunderutilizationusingresourcesbelow theirmaximumefficiencyengineersThis resourcefalls underthe laborfactor ofproductionunattainablepointany combination ofpossible outputs thatlies outside the PPCcurve; the point atwhich there are notenough resources toproduceFree!trucks &airplanesThis resourcefalls underthe capitalfactor ofproductionefficiencyusing limitedresources tomaximizeproduction ofgoods andservicesEntrepreneurshipthe act of startinga business bybringing togetherall the otherfactors ofproductiongunsversusbuttera simple PPCdepicting all thepossiblecombinations ofdefense goods andconsumer goodsproduced in aneconomyPhysicalCapitalall the thingsrequired bybusinesses toproduce goodsand services fromraw materialsfactor ofproductiona resourceused toproducegoods andservicesproductionpossibilitiescurve(PPC)a graph showingthe total possibleamount of goodsand services thatcan be producedwith limitedavailable resourcesCapitalthe buildings,equipment, andhuman skillsused toproduce goodsand serviceslaborlabor the physicaland mental effortscontributed byhumans in theproductionprocessoilThis resourcefalls underthe landfactor ofproductionLandall the renewableand nonrenewablenatural resourcesused in theproductionprocessHumanCapitalthe skills,knowledge, andexperiencepossessed bypeople that addsvalue to their jobsunderutilizationusingresourcesbelow theirmaximumefficiencyengineersThis resourcefalls underthe laborfactor ofproductionunattainablepointany combination ofpossible outputs thatlies outside the PPCcurve; the point atwhich there are notenough resources toproduceFree!trucks &airplanesThis resourcefalls underthe capitalfactor ofproductionefficiencyusing limitedresources tomaximizeproduction ofgoods andservicesEntrepreneurshipthe act of startinga business bybringing togetherall the otherfactors ofproductiongunsversusbuttera simple PPCdepicting all thepossiblecombinations ofdefense goods andconsumer goodsproduced in aneconomyPhysicalCapitalall the thingsrequired bybusinesses toproduce goodsand services fromraw materials

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.


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G G
2
G G
3
N N
4
G G
5
I I
6
B B
7
B B
8
B B
9
N N
10
N N
11
B
12
N N
13
I I
14
I I
15
G G
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I I
  1. G-a resource used to produce goods and services
    G-factor of production
  2. 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)
  3. N-the buildings, equipment, and human skills used to produce goods and services
    N-Capital
  4. G-labor the physical and mental efforts contributed by humans in the production process
    G-labor
  5. I-This resource falls under the land factor of production
    I-oil
  6. B-all the renewable and nonrenewable natural resources used in the production process
    B-Land
  7. B-the skills, knowledge, and experience possessed by people that adds value to their jobs
    B-Human Capital
  8. B-using resources below their maximum efficiency
    B-underutilization
  9. N-This resource falls under the labor factor of production
    N-engineers
  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. B-Free!
  12. N-This resource falls under the capital factor of production
    N-trucks & airplanes
  13. I-using limited resources to maximize production of goods and services
    I-efficiency
  14. I-the act of starting a business by bringing together all the other factors of production
    I-Entrepreneurship
  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. I-all the things required by businesses to produce goods and services from raw materials
    I-Physical Capital