Review Activity- What's Wrong with this Picture?

The video is a review game called 'What's Wrong with This Picture?' focusing on identifying mistakes in economics graphs. It covers both macroeconomics and microeconomics, highlighting common errors in graph labeling and interpretation. The video also includes a message for teachers about using the provided resources responsibly.

What is the first step to participate in the 'What's Wrong with This Picture?' game?

• Watch the entire video tutorial.

• Download the free worksheet from the ultimate review packet.

• Submit your answers in the comments section.

• Purchase the ultimate review packet.

In the production possibilities curve, what is incorrect about a point inside the curve?

• It is optimal.

• It is unattainable.

• It is efficient.

• It is inefficient.

Which of the following is a common mistake in the supply and demand graph?

• Price is labeled as quantity.

• Equilibrium price and quantity are switched.

• Supply curve is downward sloping.

• Demand curve is upward sloping.

In the cost curves graph, what is incorrect about the average fixed cost?

• It increases over time.

• It is horizontal.

• It remains constant.

• It decreases and gets closer to average total cost.

What is a mistake commonly found in the perfect competition graph?

• Demand equals marginal cost.

• Marginal revenue is labeled as marginal cost.

• Profit is maximized where demand equals supply.

• Average total cost is labeled as average variable cost.

In the resource market graph, what is incorrectly labeled?

• Marginal revenue product as marginal resource cost.

• Demand curve as supply curve.

• Supply curve as demand curve.

• Profit box is included.

What should teachers avoid doing with the free resources provided in the ultimate review packet?

• Discussing them in online forums.

• Using them for personal study.

• Sharing them with other teachers.

• Using them in class without purchasing bulk orders.