Day 5

Sit With Your Groups From Yesterday.

• Later today, your group will have your own country.

• Pick/create a name for your country.

Best Artwork

Candy Awards

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

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

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

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

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

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

Words That Go With “Entrepreneur”

-Risks

-Profit Incentive

-Innovation

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

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.

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.

Clicker survey:

One representative from each group should come grab their

clicker.

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.

2) Select the answer that reflects your group’s decisions:

• A) All families in our country had food.

• B) Some families went without food.

3) Select the answer that reflects your group’s decisions:

• A) All families in our country had clothing.

• B) Some families went without clothing.

4) Select the answer that reflects your group’s decisions:

• A) All families in our country had housing.

• B) Some families went without housing.

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.

6) Select the answer that reflects your group’s decisions:

• A) All families in our country had education.

• B) Some families went without education.

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.

Notes

Lebron

Duke or the NBA?

A teacher who shall not be named

…their story.

Notes

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?

Write This:

• Opportunity cost is not money.

• It’s the next best opportunity you gave up.

Clicker Quiz

On Your Own.

Good Luck!

1) Economists say the payment for land is called:

• A) parcel

• B) mortgage

• C) rent

• D) lease

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.

3) Which factor of production is Mr. Cook’s clown horn?

• A) Capital

• B) Machinery

• C) Tools

• D) Non-renewable Resource

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

5) A steel pizza-cutter is considered to be which factor of production?

• A) capital

• B) machinery

• C) tools

• D) non-renewable resource

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

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

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

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.

10) Economists call the condition in which wants exceed resources…

• A) economics

• B) scarcity

• C) inefficiency

• D) inadequacy