AP ECONOMICS: January 14 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: January 14 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. Production Possibilities Model (Basics) (Video #1) 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 Curve (Shifters) (Video #2) Key Concepts—through #19 (HO) Assignment GC Assignment #3 (Module 4)