Economics – 2/08/11
I. Bellwork:
Reading Checks Q&A Pages 13, 14, 15, 17
II. Objective:
- Demonstrate how scarcity and opportunity costs are present in economic decisions by constructing a production possibilities frontier graph.
III. Discussion 1-3 pages 19-22
Difference between trade offs and opportunity cost
Construct and Interpret a Production Possibility Frontier Graph
V. Classwork
- Page 19 Terms (9)
VI. Chapter 1 Test Friday
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