1. I wonder if they know how to make line graphs Please read the objective and do the First Thing bellringer! 2. I would choose moar treats, please!Economics is the Study of Choice! Go to page 2 of your interactive notes and page ___ of the text and complete the flow chart! 3. What are you trying to learn, discovering, or solve? What do you need to know and where will you get it? Develop that hypothesiswhats that? A treat? Conduct study and collect data!If your hypothesis is NOT provenback to the start! Analyze the data!THEORY! If your hypothesis is good, you have a. 4. What does this graph tell you about Sarahs car over the years?What are these axes called?Now its your turn! 5. I wonder how you did?U.S. Unemployment Rate, 19502000 YearUnemployment Rate19505.21%19605.54%19704.98%19807.18%19905.62%20003.97% 6. Principle 1: Scarcity forces Tradeoff Limited resources force people to make choices and face tradeoffs when they choose. Example: I want to eat three treats but Dad will only give me one. I have 5 treats to choose from so, choosing one means that I cant have the other 4. Now, list and define the important termsthere are a fewRead Pages 6-9 List the 7 Economic Principles. Give a REAL WORLD Example Make sure you know all bold-face terms!