AP ECONOMICS: August 30 Warm-up Jot down some examples of Adam Smith’s “invisible hand” theory coming into play while watching the video www.youtube.com/watch?v=R12m0QHweGg.

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AP ECONOMICS: August 30 Warm-up Jot down some examples of Adam Smith’s “invisible hand” theory coming into play while watching the video www.youtube.com/watch?v=R12m0QHweGg Learning Target In order to understand why producers and consumers must make choices, I will analyze the concepts of tradeoffs and opportunity costs. I will know I have it when I can illustrate the concept on and appropriately label key parts of a production possibilities diagram. Learning Target In order to understand how the economy can experience growth, I will analyze the production possibilities diagram. I will know I have it when I can illustrate economic growth and decline on an appropri-ately labeled production possibilities diagram. --Production Possibilities Model: Key Concepts (HO) (TURN IN) Assignment: --read Module 4; GC video --turn in Course Guidelines signature sheet (HO) due by Friday