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Day 5
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Sit With Your Groups From Yesterday.
• Later today, your group will have your own country.
• Pick/create a name for your country.
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Best Artwork
Candy Awards
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New Groups
Chad Seth Danielle
Zack Michael Baggott
Kyle Kendall Matth Nicole Arron
Hillary Michael Brannen
Shannon Lacey Haley Virginia Brandon
Teacher Desk/ Work Area
Erin Morgan Taylor
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1st PeriodChad Seth Danielle
Zack Michael Baggott
Kyle Kendall Matth Nicole Arron
Hillary Michael Brannen
Shannon Lacey Haley Virginia Brandon
Teacher Desk/ Work Area
Erin Morgan Taylor
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New Groups
Megan Justin Xavier Andrew
Paige Cyndilee Chris Charlee Ryan Stacey
Amanda Chelsea Brett Jessica Tim Courtney Kylie
Teacher Desk/ Work Area
Forrest Lacey Alison Jordan Avery
Daniel Morgan Emily
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2nd PeriodMegan Justin Xavier Andrew
Paige Cyndilee Chris Charlee Ryan Stacey
Amanda Chelsea Brett Jessica Tim Courtney Kylie
Teacher Desk/ Work Area
Forrest Lacey Alison Haley Jordan Avery
Daniel Morgan Emily Alex
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New Groups
Dee Dee Moriah Kristen Kayla Jade (Empty)
Drew Steven Kara Amber Bethany (Empty) Kevin
Harley JD Courtney Nick Sonia David Melissa
Teacher Desk/ Work Area
Jordan Edwards
Jonathan Jordan Marin
Andre’ Mandie Lauren
Kayla Daylan Catherine Phillip Justin
Raven Ryne Maggie Kelsea
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4th PeriodDee Dee Moriah Kristen Kayla Jade (Empty)
Drew Steven Kara Amber Bethany (Empty) Kevin
Harley JD Courtney
Nick Sonia David Melissa
Teacher Desk/ Work Area
Jordan Edwards
Jonathan
Jordan Marin
Andre’ Mandie Lauren
Kayla Daylan Catherine Phillip Justin
Raven Ryne Maggie Kelsea
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Words That Go With “Entrepreneur”
-Risks
-Profit Incentive
-Innovation
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Entrepreneurs in Haiti
• As you watch the video, think about/pay attention to:– The entrepreneurs’ motives for starting their
businesses.– Innovations made/ingenuity shown.
• Questions to follow the video.
• video
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It’s time for your group to run a country.
• Send a delegate from your group to see what kind of resources your country has.
• Decide “what to produce” with those resources.
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If your resource has a star next to it:
deduct 25 points from the value.
So, if your card said 380*, it’s actually worth 355.
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Clicker survey:
One representative from each group should come grab their
clicker.
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1) Select the answer that reflects your country’s resources:
• A) Our country had 400 or more of all three resources.
• B) Our country had 400 or more of at least one resource, but not all.
• C) Our country had less than 400 of all three resources.
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2) Select the answer that reflects your group’s decisions:
• A) All families in our country had food.
• B) Some families went without food.
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3) Select the answer that reflects your group’s decisions:
• A) All families in our country had clothing.
• B) Some families went without clothing.
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4) Select the answer that reflects your group’s decisions:
• A) All families in our country had housing.
• B) Some families went without housing.
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5) Select the answer that reflects your group’s decisions:
• A) All families in our country had medical care.
• B) Some families went without medical care.
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6) Select the answer that reflects your group’s decisions:
• A) All families in our country had education.
• B) Some families went without education.
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7) Select the answer that reflects your group’s decisions:
• A) All families in our country had entertainment.
• B) Some families went without entertainment.
• C) No families had any entertainment.
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Notes
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Lebron
Duke or the NBA?
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A teacher who shall not be named
…their story.
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Notes
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Assignment• Don’t write your name on this paper, just your
clicker number at the top.
• Answer the following questions:
• 1) If you’re in a relationship, what’s the opportunity cost to you of being in that relationship? –OR-- If you’re single, what’s the opportunity cost of being single?
• 2) What is an example of opportunity cost in your life, in which you’re having or have had trouble deciding which path to take?
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Write This:
• Opportunity cost is not money.
• It’s the next best opportunity you gave up.
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Clicker Quiz
On Your Own.
Good Luck!
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1) Economists say the payment for land is called:
• A) parcel
• B) mortgage
• C) rent
• D) lease
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2) Select the most accurate statement:
• A) Resources are greater than wants.
• B) Resources have to be physical things or items.
• C) Resources have to be useful to somebody.
• D) Resources are unlimited.
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3) Which factor of production is Mr. Cook’s clown horn?
• A) Capital
• B) Machinery
• C) Tools
• D) Non-renewable Resource
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4) Iron ore, (which can be used to make steel) is considered to be
which factor of production?
• A) natural resources
• B) land
• C) nonrenewable resources
• D) capital
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5) A steel pizza-cutter is considered to be which factor of production?
• A) capital
• B) machinery
• C) tools
• D) non-renewable resource
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6) The guy pushing the pizza cutter is generally considered to be which
factor of production?
• A) entrepreneurship
• B) human capital
• C) work
• D) labor
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7) Whoops! This guy is actually the owner/founder. He is providing labor, but what other factor of production is
he providing?
• A) capital
• B) entrepreneurship
• C) renewable resource
• D) creation
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8) That pizza looks good. The various pizza toppings all came from living
things, that fall under which factor of production?
• A) renewable resources
• B) life
• C) natural resources
• D) land
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9) Why did this guy most likely start his business?
• A) Because he’s a sweet old man.
• B) Because he loves pizza.
• C) Because he thought he could make money.
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10) Economists call the condition in which wants exceed resources…
• A) economics
• B) scarcity
• C) inefficiency
• D) inadequacy