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Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome Backgrounds
Communication!
Econ Unit 2
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsGame Board
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Communication Game Board
Business Organization
Sub or Comp.
Determinants of Demand
Determinants of Supply
Vocab
100 100 100 100 100
200 200 200 200 200
300 300 300 300 300
400 400 400 400 400
500 500 500 500 500
Final Challenge
Copyright © 2004 Glenna R. Shaw & FTC Publishing Background Courtesy of Awesome BackgroundsGame Board
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Category 1 for 100
Most limited lifeSole Proprietorship
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Category 1 for 200
You only lose what you put inLimited partnership
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Category 1 for 300
Stock holders give start-up capitalCorporation
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Category 1 for 400
Two people allow this type to recruit better talent.Partnership
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Category 1 for 500
If one partner declares bankruptcy, the bank can go after the other.
Unlimited partnership
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Category 2 for 100
Charcoal and lighter fluidCompliment.
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Category 2 for 200
Butter and OleoSubstitute
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Category 2 for 300
Shoes and lacesComp.
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Category 2 for 400
Wii and XboxSub.
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Category 2 for 500
Firestone and Good YearSub.
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Category 3 for 100
Dad no longer has a job.Chang in income
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Category 3 for 200
Leg warmers are making a comebackChange in taste
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Category 3 for 300
Because of budgets the Kroger brand is having a banner year.
Substitutes
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Category 3 for 400
Buick is advertising in China and sales of the Le Saber have gone through the
roof.
Change in Market size, or number of consumers
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Category 3 for 500
Prior to the release of the iphone the sales of all other phones went down.
Change in expectations
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Category 4 for 100
Digital music has ruined CD salesChange in technology
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Category 4 for 200
A rise in gas prices hurt many companies and changed the supply.
Cost of inputs
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Category 4 for 300
Government is paying for the production of TV digital converters
Subsidies
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Category 4 for 400
Workers are given a raise for every pair of shoes they produce
Productivity
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Category 4 for 500
Banks hold millions of gallons of oil in anticipation of a conflict in the Middle
East.
Expectations
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Category 5 for 100
Maximum legal pricePrice Ceiling
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Category 5 for 200
Minimum WagePrice Floor
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Category 5 for 300
I buy only one instead of two sodas at lunch because of it.
Diminishing marginal utility
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Category 5 for 400
The cost of producing one more of a product
Marginal cost
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Category 5 for 500
What type of merger would GM and Toyota be?Horizontal
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Final Challenge!
List the determinants of demandConsumer Income, tastes, substitutes, complements expectations, number of
consumers
Write Your Final Challenge
Wager
