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QR Challenge: Factors of Production

Created using the ClassTools QR Treasure Hunt Generator

Teacher Notes

A. Prior to the lesson:

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

3. Print out the QR codes.

4. Cut them out and place them around your class / school.


B. The lesson:

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!


C. TIPS / OTHER IDEAS

4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.


Questions / Answers (teacher reference)

Question

Answer

1. There are four Factors of production. Land, Capital, Labor, and Entrepreneur
2. 1st FOP- Land includes the gifts of nature, or natural resources not created by human effort.
3. 2nd FOP- Capital includes the tools, equipment, and factories used in production.
4. 3rd FOP- Labor includes people with all their efforts and abilities.
5. 4th FOP- Entrepreneurs are individuals who start a new business or bring a product to market.
6. Basic Economic Concepts - Value: Worth expressed in dollars and cents. Must have Utility.
7. Utility- A good/service that is able to provide satisfaction (people need or want it)
8. Wealth - All your tangible goods that others want or need
9. Marginal: A little bit more, at the edge.
10. Voluntary Exchange: producer and consumer each choose to sell/buy

 



Factors of Production: QR Challenge

https://www.classtools.net/QR/decode.php?text=Factors of Production
Q1/10:

There are four Factors of production. Land, Capital, Labor, and Entrepreneur&choe=UTF-8

Question 1 (of 10)

 



Factors of Production: QR Challenge

https://www.classtools.net/QR/decode.php?text=Factors of Production
Q2/10:

1st FOP- Land includes the gifts of nature, or natural resources not created by human effort. &choe=UTF-8

Question 2 (of 10)

 



Factors of Production: QR Challenge

https://www.classtools.net/QR/decode.php?text=Factors of Production
Q3/10:

2nd FOP- Capital includes the tools, equipment, and factories used in production. &choe=UTF-8

Question 3 (of 10)

 



Factors of Production: QR Challenge

https://www.classtools.net/QR/decode.php?text=Factors of Production
Q4/10:

3rd FOP- Labor includes people with all their efforts and abilities.&choe=UTF-8

Question 4 (of 10)

 



Factors of Production: QR Challenge

https://www.classtools.net/QR/decode.php?text=Factors of Production
Q5/10:

4th FOP- Entrepreneurs are individuals who start a new business or bring a product to market. &choe=UTF-8

Question 5 (of 10)

 



Factors of Production: QR Challenge

https://www.classtools.net/QR/decode.php?text=Factors of Production
Q6/10:

Basic Economic Concepts - Value: Worth expressed in dollars and cents. Must have Utility.&choe=UTF-8

Question 6 (of 10)

 



Factors of Production: QR Challenge

https://www.classtools.net/QR/decode.php?text=Factors of Production
Q7/10:

Utility- A good/service that is able to provide satisfaction (people need or want it)&choe=UTF-8

Question 7 (of 10)

 



Factors of Production: QR Challenge

https://www.classtools.net/QR/decode.php?text=Factors of Production
Q8/10:

Wealth - All your tangible goods that others want or need&choe=UTF-8

Question 8 (of 10)

 



Factors of Production: QR Challenge

https://www.classtools.net/QR/decode.php?text=Factors of Production
Q9/10:

Marginal: A little bit more, at the edge.&choe=UTF-8

Question 9 (of 10)

 



Factors of Production: QR Challenge

https://www.classtools.net/QR/decode.php?text=Factors of Production
Q10/10:

Voluntary Exchange: producer and consumer each choose to sell/buy&choe=UTF-8

Question 10 (of 10)