Economics – 9/16/13
I. Bellwork–
- Page 28 Q&A #18, 22, 24 & 28
II. Objective:
- Construct a production possibilities frontier and analyze various situations which would cause deviations to operating at capacity.
- Evaluate various explanations for actions or events and determine which explanation(s) best accords with textual evidence.
III. Notebook Work
Copy the Schedule Below
- Label and plot the Production Possibility Frontier Curve
- Write & Answer the two questions below
- Describe 3 situations which would cause production to be inside of the curve.
- Describe 3 situations which would cause production to be outside the curve.
| Military Goods (Guns) | 5000 | 4800 | 4500 | 4000 | 3300 | 2000 | 0 |
| Consumer Goods (Butter) | 0 | 1000 | 2000 | 3000 | 4000 | 5000 | 6000 |
IV. Review for Test on Tuesday
- Chapter-1-Review-Sheet due tomorrow
- Review iLearn Quiz
V. Exit Ticket:
- What are you confident about regarding the quiz tomorrow?
- What are you uncertain about regarding the quiz tomorrow?
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