Economics – 9/17/15

I.  Bellwork:

A.  Read Page 18 Write Questions & Answers

  1. What did Adam Smith conclude about the division of labor?
  2. What is government’s role in the economy according to Adam Smith?
  3. Explain what  you believe government’s role in the economy should be?
  4. How did Smith believe the wealth of nations should be measured?

II.  SWD the ability to:

  • Create examples of economic decisions identifying trade-offs and opportunity costs while examining the impact they have on the decision making process.
  • Integrate and evaluate multiple sources of information  in order to address a question or solve a problem.

III.       Trade offs & Opportunity Costs Explained

IV.  Notebook Work –  Copy Diagram

Trade Off Illustration

V.  Notebook Check Today

VI.  Complete Section 1-1 & 1-2 Quiz on iLearn


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