Advisory Questions Dr

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					    1. Advisory Questions Dr. Flowe: Room 3003 Mr. Roman Jex

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    a) Scarcity- the basic condition that exists when unlimited        wants exceed limited
       productive resources.
    b) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    c) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question.

    1. In order to make polar bear white coats, manufactures must have the following items: polar
       bears, two workers, a sewing machine, and a director of operations. During the winter in
       Germany, economist found that there is an increase in the sales of white polar bear coats.
       However, all of the factory workers have went on strike and the sewing machines have broken
       down.
       - Explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
           as well as the limited resources.




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       Advisory Questions Dr. Flowe: Room 3003 Mr. Roman Jex

Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.

       -    Since Italy is surrounded by water and salmon is highly abundant, Italy gains the
           most profit from exporting salmon (20 million dollars a year). However, Italy also
           can choose to export chicken which earns about 15 million dollars in profit. Italy can
           also trade sardines which are not high in demand and earns about 2 million dollars in
           profit.

           Question: If Italy decides to export salmon only, what are the tradeoffs and what is
           the opportunity cost?



           _____________________________________________________________________
           _____________________________________________________________________
           _____________________________________________________________________
       Advisory Questions Dr. Flowe: Room 3003 Ms. Zekia King
Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!


Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.

Vocabulary Terms:
    a)   Scarcity- the basic condition that exists when unlimited         wants exceed limited
       productive resources.
    b) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    c) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question.

    1.    In order to supply candy, suppliers need sugar, water, salt, workers, a candy machine, and a
         director of operations. In Jamaica, there has been an increase in the sale of candy. However,
         the director of operations (entrepreneur) is sick and the laborers went on strike.
         -    Explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
              as well as the limited resources.




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_____________________________________________________________________________________
_____________________________________________________________________________________
Advisory Questions Dr. Flowe: Room 3003 Ms. Zekia King

Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.

Jamaica has a lot of sugar cane in the fields and 20 million dollars from the sale of the sugar
cane. Jamaica also has the option of selling beef which earns about 15 million dollars in profit.
Jamaica can also sell watermelons which earns about 2 million dollars in profit. If Jamaica
chooses to export sugar cane only, what is the opportunity cost and what are the tradeoffs?


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______________________________________________________________________________
Advisory Questions Ms. Wilson Room B120: Mr. Antwon Thompson

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    a)   Scarcity- the basic condition that exists when unlimited       wants exceed limited
       productive resources.
    b) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    c) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question and explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
as well as the limited resources.

         -   In North America, the most popular jewel sold is the Yuyah diamond found in Kenya. In
             order to produce a diamond, workers must dig to get the stone and pressure clean it using
             highly dangerous machinery. The process is very dangerous and few workers in this area
             want to get this diamond.

_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Advisory Questions Ms. Wilson Room B120: Mr. Antwon Thompson

Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.


       -    Taiwain trades gains 20 million a year from trading cell phones. They earn about 15 million
           in profits from trading computers. Also, they make about 10 million for the sale of Ipads. If
           Taiwain decides to only sell cell phones, what are the trade offs and what is the opportunity
           cost?




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_____________________________________________________________________________________
    2. Advisory Questions Ms. Wilson Room B120: Ms. Jasmine Fowler

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    a)   Scarcity- the basic condition that exists when unlimited       wants exceed limited
       productive resources.
    b) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    c) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question and explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
as well as the limited resources.

         -    In Egypt, many people love taking pictures of the Great Pyramids because of the historical
             signifigance. The company, Pixar makes postcards from the pictures they take and
             distributes them across the nation. However, most of the cameras are broken, the working
             trainees are sick.

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         ______________________________________________________________________________
         ______________________________________________________________________________
         ______________________________________________________________________________
Advisory Questions Ms. Wilson Room B120: Ms. Jasmine Fowler

Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.

       -    Canada earns about 30 billion dollars from the sale of tilapia. They also earn about
           10 million dollars from the sale of fishing pole. Additionally, Canada makes about 3
           million dollars from selling cameras. If Canada decides to sell fishing poles only,
           what are the trade offs and what is the opportunity cost?
           _____________________________________________________________________
           _____________________________________________________________________
           _____________________________________________________________________
Advisory Questions Ms. Wilson Room B120: Mr. Tobias Zayas

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    d) Scarcity- the basic condition that exists when unlimited        wants exceed limited
       productive resources.
    e) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    f) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question.

        In order to make polar bear white coats, manufactures must have the following items: polar
        bears, two workers, a sewing machine, and a director of operations. During the winter in
        Germany, economist found that there is an increase in the sales of white polar bear coats.
        However, all of the factory workers have went on strike and the sewing machines have broken
        down.
        - Explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
            as well as the limited resources.




_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Advisory Questions Ms. Wilson Room B120: Mr. Tobias Zayas

Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.

       -    Kenya earns about 40 billion dollars from the sale of diamonds a year. The country also
           earns about 20 million dollars from the sale of knives yearly. Also, Keya profits about 2
           million dollars yearly from the sale of fish. If Kenya decides to sell knives only, what are the
           trade offs and what is the opportunity cost?



       ______________________________________________________________________________
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       ______________________________________________________________________________
Advisory Questions Ms. Wilson: Room B120: Ms. Perry

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    d) Scarcity- the basic condition that exists when unlimited          wants exceed limited
       productive resources.
    e) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    f) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question.

         In order to supply candy, suppliers need sugar, water, salt, workers, a candy machine, and a
        director of operations. In Jamaica, there has been an increase in the sale of candy. However,
        the director of operations (entrepreneur) is sick and the laborers went on strike.
        -    Explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
             as well as the limited resources.




            ___________________________________________________________________________
            ___________________________________________________________________________
            ___________________________________________________________________________
            ___________________________________________________________________________
            ___________________________________________________________________________
Advisory Questions Ms. Wilson: Room B120: Ms. Perry
Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.

       -    Since Italy is surrounded by water and salmon is highly abundant, Italy gains the
           most profit from exporting salmon (20 million dollars a year). However, Italy also
           can choose to export chicken which earns about 15 million dollars in profit. Italy can
           also trade sardines which are not high in demand and earns about 2 million dollars in
           profit.

           Question: If Italy decides to export salmon only, what are the tradeoffs and what is
           the opportunity cost?



           _____________________________________________________________________
           _____________________________________________________________________
           _____________________________________________________________________
Advisory Questions Ms. Wilson: Room B120: Tishawn Watts

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    a)   Scarcity- the basic condition that exists when unlimited       wants exceed limited
       productive resources.
    b) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    c) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question.

         -    People have fallen in love with skinny jeans. Manufacturers need machines,
             workers, steam from water, and a director of operations. Unfortunately, the water is
             polluted and unusable. Also, the workers are sick. Explain how this is an example of
             scarcity. Be sure to identify the wants and the limited resources.
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             _____________________________________________________________________
Advisory Questions Ms. Wilson: Room B120: Tishawn Watts

Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.

Jamaica has a lot of sugar cane in the fields and 20 million dollars from the sale of the sugar
cane. Jamaica also has the option of selling beef which earns about 15 million dollars in profit.
Jamaica can also sell watermelons which earns about 2 million dollars in profit. If Jamaica
chooses to export sugar cane only, what is the opportunity cost and what are the tradeoffs?


______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
Advisory Questions Ms. Jackson: Room 1034: Ms. Gatlin

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    g) Scarcity- the basic condition that exists when unlimited        wants exceed limited
       productive resources.
    h) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    i) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question.

        In order to make polar bear white coats, manufactures must have the following items: polar
        bears, two workers, a sewing machine, and a director of operations. During the winter in
        Germany, economist found that there is an increase in the sales of white polar bear coats.
        However, all of the factory workers have went on strike and the sewing machines have broken
        down.
        - Explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
            as well as the limited resources.




_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Advisory Questions Ms. Jackson: Room 1034: Ms. Gatlin
Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.


       -    Taiwain trades gains 20 million a year from trading cell phones. They earn about 15 million
           in profits from trading computers. Also, they make about 10 million for the sale of Ipads. If
           Taiwain decides to only sell cell phones, what are the trade offs and what is the opportunity
           cost?




_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
    Advisory Questions Ms. Jackson: Room 1034: Ms. Brown

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    d) Scarcity- the basic condition that exists when unlimited         wants exceed limited
       productive resources.
    e) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    f) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question and explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
as well as the limited resources.

        -   In North America, the most popular jewel sold is the Yuyah diamond found in Kenya. In
            order to produce a diamond, workers must dig to get the stone and pressure clean it using
            highly dangerous machinery. The process is very dangerous and few workers in this area
            want to get this diamond.

_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
   Advisory Questions Ms. Jackson: Room 1034: Ms. Brown

Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.

       -    Canada earns about 30 billion dollars from the sale of tilapia. They also earn about
           10 million dollars from the sale of fishing pole. Additionally, Canada makes about 3
           million dollars from selling cameras. If Canada decides to sell fishing poles only,
           what are the trade offs and what is the opportunity cost?
           _____________________________________________________________________
           _____________________________________________________________________
           _____________________________________________________________________
         Advisory Questions Ms. Jackson: Room 1034 Ms. Jackson

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    d) Scarcity- the basic condition that exists when unlimited           wants exceed limited
       productive resources.
    e) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    f) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question.

    2.    In order to supply candy, suppliers need sugar, water, salt, workers, a candy machine, and a
         director of operations. In Jamaica, there has been an increase in the sale of candy. However,
         the director of operations (entrepreneur) is sick and the laborers went on strike.
         -    Explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
              as well as the limited resources.




_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
       Advisory Questions Ms. Jackson: Room 1034 Ms. Jackson

Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.

       -    Kenya earns about 40 billion dollars from the sale of diamonds a year. The country also
           earns about 20 million dollars from the sale of knives yearly. Also, Keya profits about 2
           million dollars yearly from the sale of fish. If Kenya decides to sell knives only, what are the
           trade offs and what is the opportunity cost?



       ______________________________________________________________________________
       ______________________________________________________________________________
       ______________________________________________________________________________
       ______________________________________________________________________________
        Advisory Questions Mr. Howard: Room: 1037: Ms. Taylor

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    j) Scarcity- the basic condition that exists when unlimited        wants exceed limited
       productive resources.
    k) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    l) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question.

    3. In order to make polar bear white coats, manufactures must have the following items: polar
       bears, two workers, a sewing machine, and a director of operations. During the winter in
       Germany, economist found that there is an increase in the sales of white polar bear coats.
       However, all of the factory workers have went on strike and the sewing machines have broken
       down.
       - Explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
           as well as the limited resources.




_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Advisory Questions Mr. Howard: Room: 1037: Ms. Taylor

Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.

       -    Canada earns about 30 billion dollars from the sale of tilapia. They also earn about
           10 million dollars from the sale of fishing pole. Additionally, Canada makes about 3
           million dollars from selling cameras. If Canada decides to sell fishing poles only,
           what are the trade offs and what is the opportunity cost?
           _____________________________________________________________________
           _____________________________________________________________________
           _____________________________________________________________________
        Advisory Questions Mr. Moreland: Room 1096: Ms. Robbins

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    d) Scarcity- the basic condition that exists when unlimited         wants exceed limited
       productive resources.
    e) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    f) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question and explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
as well as the limited resources.

        -    In Egypt, many people love taking pictures of the Great Pyramids because of the historical
            signifigance. The company, Pixar makes postcards from the pictures they take and
            distributes them across the nation. However, most of the cameras are broken, the working
            trainees are sick.

        ______________________________________________________________________________
        ______________________________________________________________________________
        ______________________________________________________________________________
        ______________________________________________________________________________
       Advisory Questions Mr. Moreland: Room 1096: Ms. Robbins

Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.

       -    Canada earns about 30 billion dollars from the sale of tilapia. They also earn about
           10 million dollars from the sale of fishing pole. Additionally, Canada makes about 3
           million dollars from selling cameras. If Canada decides to sell fishing poles only,
           what are the trade offs and what is the opportunity cost?
           _____________________________________________________________________
           _____________________________________________________________________
           _____________________________________________________________________
        Advisory Questions Ms. G. Williams: Room b108 Mr. T. Mallory

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    m) Scarcity- the basic condition that exists when unlimited        wants exceed limited
       productive resources.
    n) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    o) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question.

    4. In order to make polar bear white coats, manufactures must have the following items: polar
       bears, two workers, a sewing machine, and a director of operations. During the winter in
       Germany, economist found that there is an increase in the sales of white polar bear coats.
       However, all of the factory workers have went on strike and the sewing machines have broken
       down.
       - Explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
           as well as the limited resources.




            ___________________________________________________________________________
            ___________________________________________________________________________
            ___________________________________________________________________________
Advisory Questions Ms. G. Williams: Room b108 Mr. T. Mallory
Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.

       -    Canada earns about 30 billion dollars from the sale of tilapia. They also earn about
           10 million dollars from the sale of fishing pole. Additionally, Canada makes about 3
           million dollars from selling cameras. If Canada decides to sell fishing poles only,
           what are the trade offs and what is the opportunity cost?
           _____________________________________________________________________
           _____________________________________________________________________
           _____________________________________________________________________
    Advisory Questions : Ms. G. Williams: Room b108 Mr. Dupree

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    g) Scarcity- the basic condition that exists when unlimited         wants exceed limited
       productive resources.
    h) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    i) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question and explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
as well as the limited resources.

        -    In Egypt, many people love taking pictures of the Great Pyramids because of the historical
            signifigance. The company, Pixar makes postcards from the pictures they take and
            distributes them across the nation. However, most of the cameras are broken, the working
            trainees are sick.

            ___________________________________________________________________________
            ___________________________________________________________________________
            ___________________________________________________________________________
            ___________________________________________________________________________
            ____________
   Advisory Questions : Ms. G. Williams: Room b108 Mr. Dupree
Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.

       -    Kenya earns about 40 billion dollars from the sale of diamonds a year. The country also
           earns about 20 million dollars from the sale of knives yearly. Also, Keya profits about 2
           million dollars yearly from the sale of fish. If Kenya decides to sell knives only, what are the
           trade offs and what is the opportunity cost?



       ______________________________________________________________________________
       ______________________________________________________________________________
       ______________________________________________________________________________
       ______________________________________________________________________________
Advisory Questions Mr. Ford Room G079 Marla Malone

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    p) Scarcity- the basic condition that exists when unlimited        wants exceed limited
       productive resources.
    q) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    r) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question.

        In order to make polar bear white coats, manufactures must have the following items: polar
        bears, two workers, a sewing machine, and a director of operations. During the winter in
        Germany, economist found that there is an increase in the sales of white polar bear coats.
        However, all of the factory workers have went on strike and the sewing machines have broken
        down.
        - Explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
            as well as the limited resources.




            ___________________________________________________________________________
            ___________________________________________________________________________
            ___________________________________________________________________________
            ______________________________
Advisory Questions Mr. Ford Room G079 Marla Malone

Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.

       -    Kenya earns about 40 billion dollars from the sale of diamonds a year. The country also
           earns about 20 million dollars from the sale of knives yearly. Also, Keya profits about 2
           million dollars yearly from the sale of fish. If Kenya decides to sell knives only, what are the
           trade offs and what is the opportunity cost?



       ______________________________________________________________________________
       ______________________________________________________________________________
       ______________________________________________________________________________
       ______________________________________________________________________________
         Advisory Questions Mr. Turner: Room 1233: Mr. Whitchette

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    j)   Scarcity- the basic condition that exists when unlimited       wants exceed limited
       productive resources.
    k) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    l) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question and explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
as well as the limited resources.

         -    In Egypt, many people love taking pictures of the Great Pyramids because of the historical
             signifigance. The company, Pixar makes postcards from the pictures they take and
             distributes them across the nation. However, most of the cameras are broken, the working
             trainees are sick.

         ______________________________________________________________________________
         ______________________________________________________________________________
         ______________________________________________________________________________
         ______________________________________________________________________________
       Advisory Questions Mr. Turner: Room 1233: Mr. Whitchette
Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.

       -    Kenya earns about 40 billion dollars from the sale of diamonds a year. The country also
           earns about 20 million dollars from the sale of knives yearly. Also, Keya profits about 2
           million dollars yearly from the sale of fish. If Kenya decides to sell knives only, what are the
           trade offs and what is the opportunity cost?



       ______________________________________________________________________________
       ______________________________________________________________________________
       ______________________________________________________________________________
       ______________________________________________________________________________
Advisory Questions Ms. Wynn: Room 1120: Gregory Hughes

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    s) Scarcity- the basic condition that exists when unlimited        wants exceed limited
       productive resources.
    t) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    u) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question.

        In order to make polar bear white coats, manufactures must have the following items: polar
        bears, two workers, a sewing machine, and a director of operations. During the winter in
        Germany, economist found that there is an increase in the sales of white polar bear coats.
        However, all of the factory workers have went on strike and the sewing machines have broken
        down.
        - Explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
            as well as the limited resources.




            ___________________________________________________________________________
            ___________________________________________________________________________
            ___________________________________________________________________________
            ______________________________
Advisory Questions Ms. Wynn: Room 1120: Gregory Hughes

Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.

       -    Kenya earns about 40 billion dollars from the sale of diamonds a year. The country also
           earns about 20 million dollars from the sale of knives yearly. Also, Keya profits about 2
           million dollars yearly from the sale of fish. If Kenya decides to sell knives only, what are the
           trade offs and what is the opportunity cost?



       ______________________________________________________________________________
       ______________________________________________________________________________
       ______________________________________________________________________________
       ______________________________________________________________________________
        Advisory Questions Ms. Denson: Room 1132: Mia Woodson

Date: Thursday, October 14, 2010: Please complete and submit in class today. Have a great
day and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:
    m) Scarcity- the basic condition that exists when unlimited         wants exceed limited
       productive resources.
    n) Productive resources- Land (natural resources) , labor (workers), capital
       (technology or human trainees), and entrepreneurship.
    o) Factors of production- Land, labor, capital


Directions: Keeping in mind the definition of scarcity, read the following scenario and answer the
question and explain why this scenario is an example of scarcity. Be sure to identify the want(s) or need
as well as the limited resources.

        -    In Egypt, many people love taking pictures of the Great Pyramids because of the historical
            signifigance. The company, Pixar makes postcards from the pictures they take and
            distributes them across the nation. However, most of the cameras are broken, the working
            trainees are sick.

        ______________________________________________________________________________
        ______________________________________________________________________________
        ______________________________________________________________________________
        ______________________________________________________________________________
       Advisory Questions Ms. Denson: Room 1132: Mia Woodson


Date: Friday, October 15, 2010: Please complete and submit in class today. Have a great day
and stay positive!!

Standard: SSEF1 The student will explain why limited productive resources and unlimited
wants result in scarcity, opportunity costs, and tradeoffs for individuals, businesses, and
governments.


Vocabulary Terms:

Opportunity Cost: as the next best alternative given up when individuals, businesses, and
governments confront scarcity by making choices.

Tradeoff: All options not chosen when making a decision.

Directions: Considering the definitions, read the following scenario and answer the question.


       -    Taiwain trades gains 20 million a year from trading cell phones. They earn about 15 million
           in profits from trading computers. Also, they make about 10 million for the sale of Ipads. If
           Taiwain decides to only sell cell phones, what are the trade offs and what is the opportunity
           cost?




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_____________________________________________________________________________________
_____________________________________________________________________________________

				
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