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. List the four supply shifters as they were presented in class. | Inputs, number of suppliers, supplier expectations, government policies | 2. Draw and label a price ceiling on your paper. | varies | 3. Land, labor, and capital are known as ______________ | the factors of production | 4. Define Marginal Cost. | The cost of producing one more unit | 5. How do scarcity and shortages differ? | scarcity is forever | 6. What are four types of nonprice competition? | location, physical characteristics, ads, quality of service | 7. According to the Principles of Economics, what kind of people think at the margin? | Rational people | 8. List the four different types of economic systems. | Free, Command, Traditional, and Mixed | 9. Give an example of price discrimination. | Varies | 10. List five common goals found in all economic systems. | Freedom, efficiency, growth, security, and equity. | 11. What is one principle of the American free enterprise system that the 5th amendment protects? | Private Property | 12. Explain the Law of Supply. | The higher the price, the higher the quantity supplied. | 13. What do economists call the total value of all final goods and services currently produced within a country's borders, during a certain period of time? | Gross Domestic Product (GDP) | 14. How is profit calculated? | TR-TC | 15. Explain the difference between in-kind benefits and cash transfers. | In-kind benefits are goods and services given to those in need for free or at a reduced rate. | 16. Explain the Law of Demand. | The higher the price, the higher the quantity demanded. | 17. List the four different market structures from most to least competitive. | Perfect competition, monopolistic competition, oligopoly, and monopoly. | 18. List the four determinants of elasticity of demand as per our class notes. | Need v. want, substitutes? Portion of income, time | 19. List the five demand shifters from our class notes. | Income, population, tastes-prefs-fads-trends-ads, consumer expectations, price of related goods | 20. List two types of disequilibrium. | Shortage and surplus | 21. How is total revenue calculated? | QP |
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