1. Scarcity and ChoiceCalifornia State Standard 12.1: Students understand commoneconomic terms and concepts and economic reasoning. 2. Do Now 1/31/13 Consider John Muir…

Slide 1In this chapter, you will learn how societies have different economic systems – traditional, free enterprise, socialist, or communist. Each of these systems goes…

Slide 1Chp. 1: What Is Economics? Slide 2 The study of economics begins with the idea that people cannot have everything that they need or want. Slide 3 ECONOMICS The study…

Slide 1 Slide 2 Here are my few, simple classroom rules. Know them and abide by them. 1. Be in the classroom, seated, prepared to seated, prepared to work (with all work…

Slide 1 Economics Jeopardy Types of Economies & basic terms Supply & Demand Competition, Business, & Labor Stocks & SavingEconomic Indicators 10 20 30 40…

Slide 1 Economics Halfen Final Exam Review Slide 2 What is scarcity? Scarcity is the idea that there are a limited amount of resources to meet unlimited wants and needs.…

EOC Survivor Season 3 Chapters 18-26 Question 1 What is the desire to make money called? (Profit incentive or profit motive) Question 2 What is a trade deficit? (Where a…

What is Economics About? What is Economics all About? Economics is the study of how individuals and societies use their scarce productive resources to obtain goods and services.…

ECONOMICS Chapter 1 What is Economics? Section 1: An Economic Way of thinking. Objectives: What is economics? What are the factors of production? What is the goal of entrepreneurship?…

2 pt 3 pt 4 pt 5pt 1 pt 2 pt 3 pt 4 pt 5 pt 1 pt 2pt 3 pt 4pt 5 pt 1pt 2pt 3 pt 4 pt 5 pt 1 pt 2 pt 3 pt 4pt 5 pt 1pt Basic Economics Economic Indicators Money Budgeting…