{"id":13571,"date":"2017-02-08T22:08:05","date_gmt":"2017-02-09T03:08:05","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=13571"},"modified":"2017-02-08T22:37:43","modified_gmt":"2017-02-09T03:37:43","slug":"economics-20917","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2017\/02\/08\/economics-20917\/","title":{"rendered":"Economics &#8211; 2\/09\/17"},"content":{"rendered":"<p>I.\u00a0 <strong>Bellwork: Follow the directions below:<\/strong><\/p>\n<p>A.\u00a0 <strong>Use a diagram (See your notes) to illustrate the trade-offs and opportunity cost below: <\/strong><\/p>\n<ol>\n<li>If you had up to $100 to spend on\u00a0<strong>only one<\/strong>\u00a0product or service, make a list of <u>at least<\/u> 4 possible products or services you would consider purchasing with the $100.<\/li>\n<li>Now narrow the list to the top two choices<\/li>\n<li>Now list the item or service you would purchase.<\/li>\n<li>Under the diagram describe some of the things you would sacrifice (opportunity cost) <strong><u>related <\/u>to the next best product<\/strong>\u00a0or service you gave up?<\/li>\n<\/ol>\n<p>II.\u00a0 <strong>Objectives \u2013 SWD:<\/strong><\/p>\n<ul>\n<li>how scarcity and opportunity costs are present in economic decisions by constructing a production possibilities frontier graph.<\/li>\n<li>the ability to 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 Discussion Section 1-3 pages 19-20<\/strong><\/p>\n<p>A.\u00a0 <strong>Production Possibilities Frontier Pgs 21-23<\/strong><\/p>\n<ol>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=O6XL__2CDPU\">Production Possibilities Curve- Econ 1.1<\/a><\/li>\n<li><a href=\"https:\/\/youtu.be\/FwPiWz1a1Tw\">Shifting the Production Possibilities Curve (PPC)<\/a><\/li>\n<\/ol>\n<p><strong> IV.\u00a0 Notebook Work<\/strong><\/p>\n<p>A.\u00a0 Copy the Schedule Below<\/p>\n<p style=\"padding-left: 30px;\">1.\u00a0 Label and plot the Production Possibility Frontier Curve<\/p>\n<p style=\"padding-left: 30px;\">2.\u00a0 Write &amp; Answer the two questions below<\/p>\n<ol>\n<ol>\n<li>Describe 3 situations which would cause production to be inside of the curve.<\/li>\n<li>Describe 3 situations which would cause production to be outside the curve.<\/li>\n<\/ol>\n<\/ol>\n<table width=\"571\">\n<tbody>\n<tr>\n<td width=\"105\"><strong>Military Goods (Guns)<\/strong><\/td>\n<td width=\"46\">5000<\/td>\n<td width=\"48\">4800<\/td>\n<td width=\"48\">4500<\/td>\n<td width=\"48\">4000<\/td>\n<td width=\"54\">3300<\/td>\n<td width=\"40\">2000<\/td>\n<td width=\"36\">0<\/td>\n<\/tr>\n<tr>\n<td width=\"105\"><strong>Consumer Goods (Butter)<\/strong><\/td>\n<td width=\"46\">0<\/td>\n<td width=\"48\">1000<\/td>\n<td width=\"48\">2000<\/td>\n<td width=\"48\">3000<\/td>\n<td width=\"54\">4000<\/td>\n<td width=\"40\">5000<\/td>\n<td width=\"36\">6000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>V.\u00a0 <strong>Chapter 1.1 &amp; 1.2 Quiz<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork: Follow the directions below: A.\u00a0 Use a diagram (See your notes) to illustrate the trade-offs and opportunity cost below: If you had up to $100 to spend on\u00a0only one\u00a0product or service, make a list of at least 4 possible products or services you would consider purchasing with the $100. Now narrow the list [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"class_list":["post-13571","post","type-post","status-publish","format-standard","hentry","category-economics-w2017"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/13571","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=13571"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/13571\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=13571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=13571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=13571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}