Oct 5th Business Essentials_ COLLINS

Business Essentials Notes & Lesson!

Wednesday, October 5​th

​Let's see what we remember from our Crash Course Economics video yesterday!

Multiple Choice

Economics is the study of _____ and _____.

• Business and Money

• People and Choices

• People and Money

• Choices and Business

Multiple Choice

Whatever you give up to do something else is an example of

• Economics

• Opportunity Cost

• Free Market

• Macroeconomics

Multiple Choice

TRUE OR FALSE?

We can produce an infinite amount of consumer goods.

• TRUE

• FALSE

Multiple Choice

Learning Economics won't make you wealthy but it will make you a more informed _____ _____.

• Financial Investor

• Money Manager

• Decision Maker

• Economic Theory

Now that we have reviewed, it's time to begin our ECONOMIC NOTES.

​*At this time, if you want paper notes please go up to the substitute and ask for the notes.

*If you want electronic notes, log into StudentVue and download them​.

​Don't move past this slide without your notes!!!

Have your notes?

Move onto the next slide​ :)

Fill in the Blank

Economics is a _____ science.

The Economic Problem (read below)

We as consumers have UNLIMITED wants BUT LIMITED resources.

We don't have all the money in the world to buy everything we want. We don't have all the material to make all the things we want.

​

This is how we make choices and why Economics exists! Economic is the SOCIAL Science of how people make choices because we unlimited wants but limited resources.

END OF NOTES!

SAVE or place in your backpack for later.​

The economic problem is we have unlimited wants and limited resources

Did you know every country has an Economic Freedom rate? Every year The Heritage Foundation uses yearly information like trade, business, governane, and policy to score each country /100. The ones closer to 100 are considered MOST FREE!

Fill in the Blank

Out of 177 countries who earned Economic Freedom ratings in 2022, where do you think the United States falls on that list, 1-177?

(#1 would be the MOST free #177 would be REPRESSED)

​ASSIGNMENT TIME

EXIT OUT OF THIS QUIZIZZ & GO TO STUDENTVUE TO FIND THE INDEX OF ECONOMIC FREEDOMS ASSIGNMENT!​