Bell Ringer 1-29-2008 Define and give an example of a natural resource, human resource, and capital resources. Pages 4-5.

Slides:



Advertisements
Similar presentations
Scarcity. Shortage Capital Physical capital Human capital.
Advertisements

THE MARKET SYSTEM and the Circular Flow Model
Stocks and Bonds 1Economics Chapter 7 Stocks and Bonds.
Manufacturing Systems Organization and Structure.
Chapter 5 The Firm: Production and Cost. Copyright © 2005 Pearson Addison-Wesley. All rights reserved.5-2 Learning Objectives List the advantages and.
Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.
Intro to Economics The Concepts. Economics The study of how we make decisions in a world where resources are limited (the science of decision making)
Economics Mid-Term Review Chapters 1 – 7. Concepts  Paradox of Value  Opportunity Cost  Trade-offs  Economic Interdependence  Capital Goods  Productivity.
The Choice is Yours Economics Unit 2 by Constance J. Wehner.
Business Organizations
BUSINESS ORGANIZATIONS CHAPTER 3. MAIN IDEA: BUSINESSES MAY BE ORGANIZED AS INDIVIDUAL PROPRIETORSHIPS, PARTNERSHIPS, OR CORPORATIONS CHAPTER 3 SECTION.
Complete #1 on page 7. Number your definitions (18)
Microeconomics Business Organizations. Microeconomics: Overview Study of individual businesses and households SMALL scale decisions –A firm’s business.
SOLE PROPRIETORSHIP PARTNERSHIP CORPORATION Types of Business Ownership.
Types of Business Ownership What have you learned?
Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.
MID TERM “Jeopardy Dukes of Hazzard Challenge” BO LUKEUNCLE JESSIE ROSCOE CLETUS
Complete #1 on page 7. Number your definitions (18)
Types of Businesses Project By: Mihail Nakoff Niamh Radford Zoie Roberts Kianna Watson Hunter Hodges.
Key Concepts Unit Start of UNIT Scarcity 196. Choice 197. Cost and benefits.
Unit 1 review. 1.Economics 2.Scarcity 3.Trade-off 4.Opportunity cost 5.Marginal cost 6.Factors of production 7.Gross Domestic Product (GDP) 8.Productivity.
31.1 Law for Business, 15e by Ashcroft Chapter 31: Introduction to Business Organizations Law for Business, 15e, by Ashcroft, © 2005 West Legal Studies.
Week 2 Objectives Identify the three types of economic systems Summarize the goals that influence decisions about production and consumption of goods.
Instructions for using this template. Remember this is Jeopardy, so where I have written “Answer” this is the prompt the students will see, and where.
Forms of Business Organization Economics Breedlove.
Test III Chapter 7 Do Voc. Chapter 7. Supply and Demand Law of Demand: Price Up / Demand Down Price Down / Demand Up Demand – how much will be purchased.
Define and give an example of a natural resource, human resource, and capital resources. Pages 4-5.
Bell Ringer – 2/17/ Name a good that has elastic demand. (price greatly affects demand) 2. Name a good that has inelastic demand. 3. Describe why.
Scarcity The fundamental problem of economics is scarcity
Business Organizations
THE MARKET SYSTEM and the Circular Flow Model
Other Activities/Ideas:
Business Structures Chapter 8
Business Organizations Economic – Unit 4
Chapter 1: What is Economics? Section 3
Chapter 1: What is Economics? Section 3
Microeconomic Concepts SSEMI1-SSEMI4
Bell Ringer Define and give an example of a natural resource, human resource, and capital resources. Pages 4-5.
Learning Goals: Scarcity and the Factors of Production
Ch. 7-8 Test is Friday; (warm-ups due Friday)
STUDY GUIDE Final Exam Economics.
Making Economic Decisions
Unit 3: Supply and Demand Vocabulary
Economics Chapter 5 Review.
Elasticity Examples.
Basic Economics 30. Explain what a comparative advantage is?
Economics Vocabulary.
BUSINESS ORGANIZATION: Objective 9.7
What Is Economics? CHAPTER 1 SECTION 1: An Economic Way of Thinking
Mid-Term Review Chapters 1 – 7
Bell Ringer Chap. 3 Sect 1 List 3 advantages of a sole proprietorship. (Pg. 59) List 2 Disadvantages of a partnership. (Pg. 62)
Ch. 7-8 Test is Monday (warm-ups due on day of test)
Topic 1: Fundamentals of Economics
Virtual Business Management
Economic Systems = Copy this down!
TYPES OF BUSINESSES 3 Main types of businesses in the United States:
Chapter 1: What is Economics? Section 3
EOC Economics Review.
Economics Chapter 5 Review.
Semester II Exam Review
Bell Ringer Login into Google Classroom and answer the questions for pg minutes Google Classroom Code: p7bymom.
Economics Unit I: Intro To Economics
Chapter 8-1 Forms of Business.
Chapter 1: What is Economics? Section 3
Economics Vocab 1.
Chapter 1: What is Economics? Section 3
Bell Ringer Define and give an example of a natural resource, human resource, and capital resources. Pages 4-5.
ECONOMICS: March 2 (sub)
Chapter 1: What is Economics? Section 3
Bell Ringer Define and give an example of a natural resource, human resource, and capital resources. Pages 4-5.
Presentation transcript:

Bell Ringer 1-29-2008 Define and give an example of a natural resource, human resource, and capital resources. Pages 4-5

Copy the chart and provide three examples of these resources Bell Ringer 1-30-2008 Copy the chart and provide three examples of these resources NATURAL RESOURCES HUMAN CAPITAL

Bell Ringer 1-31-2008 Why is scarcity a basic problem of economics? (page8) What are the THREE basic economic questions on how to allocate resources effectively, that a society must address? (page 9)

Bell Ringer 2-6-2008 What are the three economic choices? Page 11. Using Figure 1.2 on page 11 answer the following questions: “Based on the decision-making grid, what is his best choice for a Friday-night activity? What are the trade-offs? What is the opportunity cost?

Bell Ringer 2-7-08 What are the three forms of exchange? Pages 15-16 What are the three functions of money? Page 16

Bell Ringer 2-13-2008 What are the two parts of the circular flow model and explain those two parts. Pages 34-35

Bell Ringer 2-14-2008 Why is scarcity a basic problem of economics? (page 8) What does the Production Possibility Curve represent? (page 12) What is interdependence and why might interdependence lead to increased economic efficiency? (page 18)

Bell Ringer 2-19-2008 List and explain the three economic concepts that help explain the law of demand. Pages 52-54

Bell Ringer 2-20-2008 What does it represent if the demand curve shifts to the left or if it shifts to the right? Page 56 What are the five determinants of demand? (page 57)

Bell Ringer 2-21-2008 When looking a flour, if you take a wide-angle shot is flour elastic or inelastic and why? If you take a close-up shot is flour elastic or inelastic and why? Page65-66

Bell Ringer 2-22-2008 What is the law of supply? (page 73) When do businesses make a profit? (page 74)

Bell Ringer 2-25-2008 List the six determinants of supply. (page 79-80

Bell Ringer 2-26-2008 What is a fixed cost, variable cost, total cost, and marginal cost? Pages 91-92

Bell Ringer 2-28-2008 List the advantages and disadvantages of sole proprietorships. Pages 145 & 147

Bell Ringer 2-29-2008 List the advantages and disadvantages of having a partnership. Pages 150 and 152

BELL RINGER 3-4-2008 WHAT IS THE DIFFERENCE BETWEEN A SOLE PROPRIETORSHIP AND A PARTNER SHIP? WHAT IS COLLATERAL? Page 149 What is Liability? Page 147

Bell Ringer 3-5-2008 What is the difference between a stock and a corporate bond? Page 155

BELL RINGER 3-6-2008 What is a horizontal combination? Page 159 What is a vertical combination? Pages 159-160 What is a conglomerate combination? Page 160