EconQuest: Interactive Board Challenge

Froggy Jumps

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Economics board game duel

Created by

Shilpi Bansal

India

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Froggy Jumps EconQuest: Interactive Board ChallengeOnline version Economics board game duel by Shilpi Bansal 1 What happens when demand for a good rises while supply stays constant? a Prices fall b Prices tend to rise c Prices stay the same 2 Which policy tool uses government spending and taxation to influence the economy? a Fiscal policy b Trade policy c Monetary policy 3 If a country has higher opportunity costs for producing oranges than apples, it should specialize in? a Apple production and trade for oranges b Oranges only c Self-sufficient production 4 What is inflation? a A single price increase b A general increase in prices over time c A sudden fall in prices 5 What does GDP measure? a Total government debt b Total value of all final goods and services produced c Total exports only 6 Which tool controls the money supply and interest rates? a Tax policy b Monetary policy c Fiscal policy 7 If a good is elastic, a small price drop leads to what? a A decrease in quantity demanded b No change in quantity c A larger increase in quantity demanded 8 What is the term for the situation where demand equals supply? a Market equilibrium b Market recession c Market dominance 9 What is price elasticity of demand? a The profit margin of sellers b The responsiveness of quantity demanded to price changes c The total cost of production 10 Which scenario describes a positive economic externality? a Benefits to third parties from a transaction b Costs borne by rivals only c Benefits only to buyers

Froggy Jumps

EconQuest: Interactive Board ChallengeOnline version

Economics board game duel

by Shilpi Bansal

What happens when demand for a good rises while supply stays constant?

Prices fall

Prices tend to rise

Prices stay the same

Which policy tool uses government spending and taxation to influence the economy?

Fiscal policy

Trade policy

Monetary policy

If a country has higher opportunity costs for producing oranges than apples, it should specialize in?

Apple production and trade for oranges

Oranges only

Self-sufficient production

What is inflation?

A single price increase

A general increase in prices over time

A sudden fall in prices

What does GDP measure?

Total government debt

Total value of all final goods and services produced

Total exports only

Which tool controls the money supply and interest rates?

Tax policy

Monetary policy

Fiscal policy

If a good is elastic, a small price drop leads to what?

A decrease in quantity demanded

No change in quantity

A larger increase in quantity demanded

What is the term for the situation where demand equals supply?

Market equilibrium

Market recession

Market dominance

What is price elasticity of demand?

The profit margin of sellers

The responsiveness of quantity demanded to price changes

The total cost of production

Which scenario describes a positive economic externality?

Benefits to third parties from a transaction

Costs borne by rivals only

Benefits only to buyers

You can integrate the game into an LMS compatible with LTI 1.1 or LTI 1.3 such as Canvas, Moodle, or Blackboard. This way, the scores will be automatically saved into the platform’s gradebook.

EconQuest: Interactive Board Challenge

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Froggy Jumps

EconQuest: Interactive Board ChallengeOnline version

by Shilpi Bansal

What happens when demand for a good rises while supply stays constant?

Which policy tool uses government spending and taxation to influence the economy?

If a country has higher opportunity costs for producing oranges than apples, it should specialize in?

What is inflation?

What does GDP measure?

Which tool controls the money supply and interest rates?

If a good is elastic, a small price drop leads to what?

What is the term for the situation where demand equals supply?

What is price elasticity of demand?

Which scenario describes a positive economic externality?

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