Objective SWBAT to analyze opportunity cost and socio- economic goals of the United States in order to practice answering multiple choice questions. Write a BCR “No one man should have all that power” - Kanye West • In your response, name the type of government that the quote is referring to; • Explain how the quotation is referring to that type of government; • Your response should include at least 5 sentences. Warm-Up
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ObjectiveSWBAT to analyze opportunity cost and socio-economic goals of the United States in order to practice answering multiple choice questions.
Write a BCR
“No one man should have all that power” - Kanye West
• In your response, name the type of government that the quote is referring to;
• Explain how the quotation is referring to that type of government;
• Your response should include at least 5 sentences.
Warm-Up
Agenda
• Objective and Warm-Up
• Introduction to New Material
• Guided Practice
• Independent Practice
• Exit Slip
(5 minutes)
(15 minutes)
(15 minutes)
(30 minutes)
(5 minutes)
Sign this and turn it in now
Economics
• The study of how people deal with meeting unlimited wants and needs with limited resources.
• Key Terms:
1. Scarcity
2. Opportunity Cost
A Question to Answer
What is another way of explaining economics in your everyday life?
Take 2 minutes to reflect. I am going to ask you to share, so be prepared.
Scarcity
• The idea that there aren’t enough resources, time or energy to meet all the needs.
• What forces us to make choices--A or B?
• Example:
• We don’t have enough time to play video games and homework.
A Question to Answer
What is an example of scarcity in your life?
Take 2 minutes to reflect. I am going to ask you to share, so be prepared.
Opportunity Cost
• A trade-off.
• What we lose when we choose to do one thing instead of another.
• Examples:
• Cost of playing video games is a failing grade.
A Question to Answer
What is an example of opportunity cost in your life?
Take 2 minutes to reflect. I am going to ask you to share, so be prepared.
Goals of USA
• General welfare of people
• Equity - promoting fairness or helping those with less.
• Safety and health
• Protect the environment
• maintain undeveloped land
• Economic security
• full employment / job training
• minimum wage to keep up with inflation
A Question to Answer
Give me an example of one of the goals impacts on your life.
Take 1 minute to reflect. I am going to ask you to share, so be prepared.
1. We are going to review good multiple choice test taking skills.
2. After we review the skills, we will answer some questions together.
3. You will then answer the rest of the questions individually.
4. We will then review the skills we used to answer the questions.
Guided Practice
RITS for Multiple Choice
1. Read the QUESTION first
• LOOK for words such as MOST, LEAST, EXCEPT, ALL, SOME
2. Identify the key actors and terms when you read the prompt.
3. Try to answer question BEFORE you look at the choices
4. Slash and Trash
The action described in the article above is intended to
A. support local businesses
B. generate revenue for the city
C. promote economic equity in the area
D. limit support for local businesses 3029282726252423222120191817161514131211109876543210
LEGISLATURE TO PROVIDE ASSISTANCE TO FIRST TIME HOMEBUYERS
In response to rising housing costs, the state legislature has voted to provide financial assistance to low-income families to help purchase their first house.
The action described in the article above is intended to
A. support local businesses
B. generate revenue for the city
C. promote economic equity in the area
D. limit support for local businesses 3029282726252423222120191817161514131211109876543210
LEGISLATURE TO PROVIDE ASSISTANCE TO FIRST TIME HOMEBUYERS
In response to rising housing costs, the state legislature has voted to provide financial assistance to low-income families to help purchase their first house.
The action described in the article above is intended to
Which of these is the opportunity cost of this decision?
Which of these is the opportunity cost of this decision?
City Planning Commission to MeetThe population of the city has greatly increased since 1990. Current proposal for development include expansion of the airport and the construction of a large industrial center. The city planning commission will meet this month to discuss these expansion issues.
A. protecting public safety
B. promoting economic growth
C. protecting individual liberties
D. promoting regional cooperation
Which of these government responsibilities is most closely related to the activity described in the excerpt?
City Planning Commission to MeetThe population of the city has greatly increased since 1990. Current proposal for development include expansion of the airport and the construction of a large industrial center. The city planning commission will meet this month to discuss these expansion issues.