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Unit 1:  Econ Fundamentals 2024

Unit 1: Econ Fundamentals 2024

Assessment

Presentation

Social Studies

12th Grade

Easy

Created by

Jana Lane

Used 24+ times

FREE Resource

94 Slides • 13 Questions

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Open Ended

In your own words, rewrite “unlimited wants exceed limited productive resources.”

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Open Ended

If a store has everything you want to buy, why might you still experience scarcity?

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Open Ended

Give an example of an opportunity cost you have faced. What did you choose? What did you give up?

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Open Ended

What is a scarce resource we allocate at MP? How is it allocated?

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Open Ended

What human capital do you have?

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Open Ended

Do people have the same marginal costs and benefits? Why or why not?

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Poll

Does your family usually:

Cut their own grass

Change their own oil

Cook their own meals

Clean the house

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Poll

Does your family usually:

Change their own oil

Cut their own grass

Cook their own meals

Clean their own homes

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Draw

Where is the profit maximizing point?

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Open Ended

Give an example of a positive incentive we have at MP.

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Open Ended

Give an example of a negative incentive we have at MP.

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Open Ended

Give an example of specialization:

1) At Mary Persons

2) At a Restaurant

3) for yourself (at home, work, school, sport, extracurricular)

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Multiple Choice

Question image

What is the opportunity moving from making 6 blizzards to making 10 blizzards?

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4 blizzards

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2 hamburgers

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16 hamburgers

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10 blizzards

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