Capitalthe buildings,equipment, andhuman skillsused toproduce goodsand servicesHumanCapitalthe skills,knowledge, andexperiencepossessed bypeople that addsvalue to their jobsunderutilizationusingresourcesbelow theirmaximumefficiencyfactor ofproductiona resourceused toproducegoods andservicesgunsversusbuttera simple PPCdepicting all thepossiblecombinations ofdefense goods andconsumer goodsproduced in aneconomyLandall the renewableand nonrenewablenatural resourcesused in theproductionprocessFree!productionpossibilitiescurve(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 toproducelaborlabor the physicaland mental effortscontributed byhumans in theproductionprocessEntrepreneurshipthe act of startinga business bybringing togetherall the otherfactors ofproductionoilThis resourcefalls underthe landfactor ofproductionPhysicalCapitalall the thingsrequired bybusinesses toproduce goodsand services fromraw materialsefficiencyusing limitedresources tomaximizeproduction ofgoods andservicestrucks &airplanesThis resourcefalls underthe capitalfactor ofproductionengineersThis resourcefalls underthe laborfactor ofproductionCapitalthe buildings,equipment, andhuman skillsused toproduce goodsand servicesHumanCapitalthe skills,knowledge, andexperiencepossessed bypeople that addsvalue to their jobsunderutilizationusingresourcesbelow theirmaximumefficiencyfactor ofproductiona resourceused toproducegoods andservicesgunsversusbuttera simple PPCdepicting all thepossiblecombinations ofdefense goods andconsumer goodsproduced in aneconomyLandall the renewableand nonrenewablenatural resourcesused in theproductionprocessFree!productionpossibilitiescurve(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 toproducelaborlabor the physicaland mental effortscontributed byhumans in theproductionprocessEntrepreneurshipthe act of startinga business bybringing togetherall the otherfactors ofproductionoilThis resourcefalls underthe landfactor ofproductionPhysicalCapitalall the thingsrequired bybusinesses toproduce goodsand services fromraw materialsefficiencyusing limitedresources tomaximizeproduction ofgoods andservicestrucks &airplanesThis resourcefalls underthe capitalfactor ofproductionengineersThis 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
B B
3
B B
4
G G
5
G G
6
B B
7
B
8
G G
9
N N
10
G G
11
I I
12
I I
13
I I
14
I I
15
N N
16
N N
  1. N-the buildings, equipment, and human skills used to produce goods and services
    N-Capital
  2. B-the skills, knowledge, and experience possessed by people that adds value to their jobs
    B-Human Capital
  3. B-using resources below their maximum efficiency
    B-underutilization
  4. G-a resource used to produce goods and services
    G-factor of production
  5. G-a simple PPC depicting all the possible combinations of defense goods and consumer goods produced in an economy
    G-guns versus butter
  6. B-all the renewable and nonrenewable natural resources used in the production process
    B-Land
  7. B-Free!
  8. 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)
  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-labor the physical and mental efforts contributed by humans in the production process
    G-labor
  11. I-the act of starting a business by bringing together all the other factors of production
    I-Entrepreneurship
  12. I-This resource falls under the land factor of production
    I-oil
  13. I-all the things required by businesses to produce goods and services from raw materials
    I-Physical Capital
  14. I-using limited resources to maximize production of goods and services
    I-efficiency
  15. N-This resource falls under the capital factor of production
    N-trucks & airplanes
  16. N-This resource falls under the labor factor of production
    N-engineers