Economics – 5/27/11
I. Bellwork: Q&A – Show work for #3
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Absolute & Comparative Worksheet |
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| Country X | Country Y | |||
| Grapefruit | 10/tons | 15/tons | ||
| Olives | 40/tons | 30/tons | ||
| 1. Which country has the absolute advantage in producing grapefruit? | ||||
| 2. Which country has the absolute advantage in producing olives? | ||||
| 3. Which country has the comparative advantage in producing grapefruit? | ||||
| 4. Which country has the comparative advantage in producing olives? | ||||
II. Objective:
- Examine the business plans of entrepreneurs as they attempt to obtain capital and financing.
III. Turn in Notebooks
IV. Classwork- Shark Tank Week 7 Episode –
*Open using Internet Explorer
https://abc.go.com/watch/shark-tank/SH559076/VD55125252/week-7
A. Questions to answer for each entrepreneur. Q&A
- What is the product/service or idea?
- What is the entrepreneur asking for and what are they willing to give up?
- What decision was made?
- What is your opinion?
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