{"id":10408,"date":"2014-09-11T00:19:12","date_gmt":"2014-09-11T04:19:12","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=10408"},"modified":"2014-09-16T21:47:50","modified_gmt":"2014-09-17T01:47:50","slug":"economics-91114","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2014\/09\/11\/economics-91114\/","title":{"rendered":"Economics &#8211; 9\/11\/14"},"content":{"rendered":"<p><strong>I.\u00a0 Bellwork:<\/strong><\/p>\n<p>A professional baseball team has only enough money to sign either one superstar or three young players. The superstar could help the team win the championship this year, but would not be with the team long. The young players are talented, but not yet ready to be key contributors in the major leagues.<\/p>\n<p><strong>Questions &amp; Answers<\/strong><\/p>\n<p>1.\u00a0 What is the trade off associated with signing the young players?<br \/>\n2.\u00a0 Explain the opportunity cost associated with signing the young players?<\/p>\n<p><strong>II.\u00a0 Objective:<\/strong><\/p>\n<ul>\n<li>Demonstrate how scarcity and opportunity costs are present in economic decisions by constructing a production possibilities frontier graph.<\/li>\n<li>Make decisions involving trade offs and opportunity costs explaining \u00a0the factors which influence their decision in relation to those economic concepts<\/li>\n<\/ul>\n<p><strong>III.\u00a0 Trade Offs and Opportunity Cost of Going to School today<\/strong><\/p>\n<p>Create a diagram similar to the one you copied yesterday.<\/p>\n<p>Identify at least 4 trade-offs, then your top two choices. Your selection then your opportunity cost. Underneath explain everything associated with your opportunity cost.<\/p>\n<p><strong>IV. <\/strong><a href=\"https:\/\/www.contentextra.com\/bacconline\/bacContentFiles\/EconomicFiles\/Worksheets-PDF\/Worksheet11TheEconomicsofZooKeeping.pdf\"><strong>The Economics of Zoo Keeping Class Project<\/strong><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2013\/09\/Zoo-animals-acre.doc\">Zoo animals acre<\/a><\/li>\n<li>Construct a zoo and answer the 8 questions contained in the links above.<\/li>\n<li>Report on what each team members contribution to the activity<\/li>\n<\/ul>\n<p><strong>V.\u00a0 Exit Ticket:<\/strong><\/p>\n<p>A.\u00a0 Questions<\/p>\n<ol>\n<li>Explain who this activity related to trade-offs and opportunity costs. 1- paragraph<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork: A professional baseball team has only enough money to sign either one superstar or three young players. The superstar could help the team win the championship this year, but would not be with the team long. The young players are talented, but not yet ready to be key contributors in the major leagues. [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-10408","post","type-post","status-publish","format-standard","hentry","category-economics-f2014"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/10408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/comments?post=10408"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/10408\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=10408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=10408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=10408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}