Day 3
With Your Group Members From Yesterday
• Create/Write a “Cheer” About One or More of
the Following:
• Definition of “resources”.
• Definition of “scarcity”.
• Everybody (individuals, businesses, and
countries) faces scarcity.
• Mr. Cook will lead the class in your cheer.
• You have until eight minutes after the tardy bell
to compose your cheer.
• Best cheer wins candy (good candy).
Seating Chart 1st Period
Front of Class
Chad
Seth
Danielle
Zack
Michael
Baggott
Kyle
Kendall
Matth
Nicole
Arron
Hillary
Michael
Brannen
Shannon
Lacey
Haley
Virginia
Brandon
Erin
Morgan
Taylor
Aric
Teacher
Desk/ Work
Area
Seating Chart 2nd Period
Front of Class
Megan
Justin
Xavier
Andrew
Paige
Cyndilee
Chris
Charlee
Ryan
Stacey
Amanda
Chelsea
Brett
Jessica
Tim
Courtney
Kylie
Forrest
Lacey
Alison
Jordan
Avery
Daniel
Morgan
Teacher
Desk/ Work
Area
Seating Chart 4th Period
Front of Class
Dee Dee
Moriah
Kristen
Kayla
Jade
(Empty)
Drew
Steven
Kara
Amber
Bethany
Emily
Kevin
Harley
JD
Courtney
Nick
Sonia
David
Melissa
Jordan
Edwards
Jonathan
Jordan
Marin
Mandie
Lauren
Kayla
Daylan
Catherine
Phillip
Justin
Raven
Ryne
Maggie
Teacher
Desk/ Work
Area
Andre’
Kelsea
Same Groups as Yesterday
But Switch Roles!
Group Assignment Part 1
• Sort your cards into categories.
• Name each category.
• Write down your items next to your
categories.
Group Assignment Part 2
• Consider the two pictures.
• Write down:
– 1) What the pictures are of.
– 2) What they have in common.
What Are They?
What Do They Have In Common?
What Are They?
What Do They Have In Common?
What Are They?
What Do They Have In Common?
Notes
Write Them Down
With Your Groups
• Write down the three
factors of production.
• Think of everything needed
to make pizzas at Papa
John’s.
• List things needed to make
pizzas under each factor of
production.
Clicker Training
Clicker Quiz to Follow
1) Which of the following best
represents a capital investment
in a carpet cleaning business?
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A) renting commercial office space
B) marketing the business
C) purchasing carpet cleaning equipment
D) hiring ten employees
2) What basic economic problem
do both higher-income nations
and lower-income nations have
in common?
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A) too many unskilled laborers
B) lack of capital goods
C) too much government
D) scarcity of resources
3) Which of the following is an
example of an investment in
human capital?
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A) A company builds a new factory.
B) A state puts in a new highway.
C) A person goes to college.
D) A country builds new schools.
4) Which of the following is a
human capital resource that Ms.
Kronhorst could use for her art
gallery?
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A) light fixtures to help display the work
B) a security guard to protect the artwork
C) knowledge of trends in modern art
D) a series of paintings by a prominent
local artist
5) In order to build a skyscraper,
Builders Inc. hires 400 construction
workers and 50 managers. Which
factor of production is being paid for?
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A) land
B) labor
C) capital
D) entrepreneurship
What do we use our scarce
resources for?
• We try to maximize benefit/pleasure with
our scarce resources.
• Does this always happen?
• Article