1. Arrange students into groups. Each group needs at least ONE person who has a mobile device.
2. If their phone camera doesn't automatically detect and decode QR codes, ask students to
4. Cut them out and place them around your class / school.
1. Give each group a clipboard and a piece of paper so they can write down the decoded questions and their answers to them.
2. Explain to the students that the codes are hidden around the school. Each team will get ONE point for each question they correctly decode and copy down onto their sheet, and a further TWO points if they can then provide the correct answer and write this down underneath the question.
3. Away they go! The winner is the first team to return with the most correct answers in the time available. This could be within a lesson, or during a lunchbreak, or even over several days!
4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.
Question | Answer |
| 1. Is the PES of vegetables generally below or above 1? | Below 1 | 2. Which type of good will people buy more of when incomes are falling, normal or inferior? | Normal | 3. Is Starbucks a Monopolist or an Oligopolist? | An oligopolist | 4. What is the equation for Average Revenue | Total revenue divided by output | 5. An airport gets built in a small city. Give one positive and one negative externality of the airport? | Jobs, noise pollution or similar examples | 6. What is the definition of price elasticity of supply? | change in quantity demanded divided by change in price | 7. What is the difference between a merger and a takeover? | Two firms become one/two firms join to make a bigger firm | 8. If a firm has high stock levels for a product, will the supply of that product be elastic or inelastic? | Inelastic | 9. Give one example of market failure | e.g. underprovision of merit goods | 10. Will an depreciation in the exchange rate definitely cause an improvement in the balance of payments? Why/why not? | No, because it depends upon the elasticity of imports and exports. | 11. Why are tariffs a form of protectionism? | They increase the price of imports compared to the price of exports. | 12. Give one example of a multinational company? | Correct example given | 13. What is the term used to describe long term aid? | Development aid | 14. Give one danger of a merger? | Too much power | 15. Give one way that the government can promote competition | e.g. encourage small firms | 16. Why might contractionary fiscal policy reduce a balance of payments deficit? | It would reduce demand for imports (which is a component of AD) | 17. What is one disadvantage of a trading bloc? | E.g. will become too dependent on trading partners | 18. What sort of policy is it called when you increase interest rates? | Tight monetary policy | 19. What type of unemployment will probably be quite high in a recession? | Cyclical unemployment | 20. What is one advantage of FDI to a developing country? | E.g. more jobs | 21. What is the definition of a Multinational Company? | A company that operates in a number of different countries | 22. Give one reason for the increase in international trade over the last 40 years? | e.g. increase in air travel | 23. Name one real life trading bloc | e.g. the EU | 24. Define protectionism | Protecting domestic industry from foreign competition | 25. Give one disadvantage to an economy of relying on exporting commodities | e.g. wild price fluctuations |
Is the PES of vegetables generally below or above 1?&choe=UTF-8
Question 1 (of 25)
Which type of good will people buy more of when incomes are falling, normal or inferior? &choe=UTF-8
Question 2 (of 25)
Is Starbucks a Monopolist or an Oligopolist?&choe=UTF-8
Question 3 (of 25)
What is the equation for Average Revenue&choe=UTF-8
Question 4 (of 25)
An airport gets built in a small city. Give one positive and one negative externality of the airport?&choe=UTF-8
Question 5 (of 25)
What is the definition of price elasticity of supply?&choe=UTF-8
Question 6 (of 25)
What is the difference between a merger and a takeover?&choe=UTF-8
Question 7 (of 25)
If a firm has high stock levels for a product, will the supply of that product be elastic or inelastic?&choe=UTF-8
Question 8 (of 25)
Give one example of market failure&choe=UTF-8
Question 9 (of 25)
Will an depreciation in the exchange rate definitely cause an improvement in the balance of payments? Why/why not?&choe=UTF-8
Question 10 (of 25)
Why are tariffs a form of protectionism?&choe=UTF-8
Question 11 (of 25)
Give one example of a multinational company?&choe=UTF-8
Question 12 (of 25)
What is the term used to describe long term aid?&choe=UTF-8
Question 13 (of 25)
Give one danger of a merger?&choe=UTF-8
Question 14 (of 25)
Give one way that the government can promote competition&choe=UTF-8
Question 15 (of 25)
Why might contractionary fiscal policy reduce a balance of payments deficit?&choe=UTF-8
Question 16 (of 25)
What is one disadvantage of a trading bloc?&choe=UTF-8
Question 17 (of 25)
What sort of policy is it called when you increase interest rates?&choe=UTF-8
Question 18 (of 25)
What type of unemployment will probably be quite high in a recession?&choe=UTF-8
Question 19 (of 25)
What is one advantage of FDI to a developing country?&choe=UTF-8
Question 20 (of 25)
What is the definition of a Multinational Company?&choe=UTF-8
Question 21 (of 25)
Give one reason for the increase in international trade over the last 40 years?&choe=UTF-8
Question 22 (of 25)
Name one real life trading bloc&choe=UTF-8
Question 23 (of 25)
Define protectionism&choe=UTF-8
Question 24 (of 25)
Give one disadvantage to an economy of relying on exporting commodities&choe=UTF-8
Question 25 (of 25)
