Landall the renewableand nonrenewablenatural resourcesused in theproductionprocessunderutilizationusingresourcesbelow theirmaximumefficiencytrucks &airplanesThis resourcefalls underthe capitalfactor ofproductionoilThis resourcefalls underthe landfactor ofproductionunattainablepointany 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 resourcesEntrepreneurshipthe act of startinga business bybringing togetherall the otherfactors ofproductionfactor ofproductiona resourceused toproducegoods andservicesefficiencyusing limitedresources tomaximizeproduction ofgoods andservicesCapitalthe buildings,equipment, andhuman skillsused toproduce goodsand servicesHumanCapitalthe skills,knowledge, andexperiencepossessed bypeople that addsvalue to their jobsFree!engineersThis resourcefalls underthe laborfactor ofproductionPhysicalCapitalall the thingsrequired bybusinesses toproduce goodsand services fromraw materialslaborlabor the physicaland mental effortscontributed byhumans in theproductionprocessgunsversusbuttera simple PPCdepicting all thepossiblecombinations ofdefense goods andconsumer goodsproduced in aneconomyLandall the renewableand nonrenewablenatural resourcesused in theproductionprocessunderutilizationusingresourcesbelow theirmaximumefficiencytrucks &airplanesThis resourcefalls underthe capitalfactor ofproductionoilThis resourcefalls underthe landfactor ofproductionunattainablepointany 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 resourcesEntrepreneurshipthe act of startinga business bybringing togetherall the otherfactors ofproductionfactor ofproductiona resourceused toproducegoods andservicesefficiencyusing limitedresources tomaximizeproduction ofgoods andservicesCapitalthe buildings,equipment, andhuman skillsused toproduce goodsand servicesHumanCapitalthe skills,knowledge, andexperiencepossessed bypeople that addsvalue to their jobsFree!engineersThis resourcefalls underthe laborfactor ofproductionPhysicalCapitalall the thingsrequired bybusinesses toproduce goodsand services fromraw materialslaborlabor the physicaland mental effortscontributed byhumans in theproductionprocessgunsversusbuttera simple PPCdepicting all thepossiblecombinations ofdefense goods andconsumer goodsproduced in aneconomy

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
B B
2
B B
3
N N
4
I I
5
N N
6
G G
7
I I
8
G G
9
I I
10
N N
11
B B
12
B
13
N N
14
I I
15
G G
16
G G
  1. B-all the renewable and nonrenewable natural resources used in the production process
    B-Land
  2. B-using resources below their maximum efficiency
    B-underutilization
  3. N-This resource falls under the capital factor of production
    N-trucks & airplanes
  4. I-This resource falls under the land factor of production
    I-oil
  5. 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
  6. 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)
  7. I-the act of starting a business by bringing together all the other factors of production
    I-Entrepreneurship
  8. G-a resource used to produce goods and services
    G-factor of production
  9. I-using limited resources to maximize production of goods and services
    I-efficiency
  10. N-the buildings, equipment, and human skills used to produce goods and services
    N-Capital
  11. B-the skills, knowledge, and experience possessed by people that adds value to their jobs
    B-Human Capital
  12. B-Free!
  13. N-This resource falls under the labor factor of production
    N-engineers
  14. I-all the things required by businesses to produce goods and services from raw materials
    I-Physical Capital
  15. G-labor the physical and mental efforts contributed by humans in the production process
    G-labor
  16. G-a simple PPC depicting all the possible combinations of defense goods and consumer goods produced in an economy
    G-guns versus butter