1. Day 3

2. With Your Group Members From Yesterday Create/Write a “Cheer” About One or More of the Following: Definition of “resources”. Definition of “scarcity”. Everybody (individuals, businesses, and countries) faces scarcity. Mr. Cook will lead the class in your cheer. You have until eight minutes after the tardy bell to compose your cheer. Best cheer wins candy (good candy).

3. Seating Chart 1 st Period Front of Class ChadSethDanielle ZackMichael Baggott KyleKendallMatthNicoleArron HillaryMichael Brannen ShannonLaceyHaleyVirginiaBrandon Teacher Desk/ Work Area ErinMorganTaylorAric

4. Seating Chart 2 nd Period Front of Class MeganJustinXavierAndrew PaigeCyndileeChrisCharleeRyanStacey AmandaChelseaBrettJessicaTimCourtneyKylie Teacher Desk/ Work Area ForrestLaceyAlisonJordanAvery DanielMorgan

5. Seating Chart 4 th Period Front of Class Dee MoriahKristenKaylaJade(Empty) DrewStevenKaraAmberBethanyEmilyKevin HarleyJDCourtneyNickSoniaDavidMelissa Teacher Desk/ Work Area Jordan Edwards JonathanJordan Marin Andre’MandieLauren KaylaDaylanCatherinePhillipJustin RavenRyneMaggieKelsea

6. Same Groups as Yesterday But Switch Roles!

7. Group Assignment Part 1 Sort your cards into categories. Name each category. Write down your items next to your categories.

8. Group Assignment Part 2 Consider the two pictures. Write down: –1) What the pictures are of. –2) What they have in common.

9. What Are They? What Do They Have In Common?

12. Notes Write Them Down

13. With Your Groups Write down the three factors of production. Think of everything needed to make pizzas at Papa John’s. List things needed to make pizzas under each factor of production.

14. Clicker Training Clicker Quiz to Follow

15. 1) Which of the following best represents a capital investment in a carpet cleaning business? A) renting commercial office space B) marketing the business C) purchasing carpet cleaning equipment D) hiring ten employees

16. 2) What basic economic problem do both higher-income nations and lower-income nations have in common? A) too many unskilled laborers B) lack of capital goods C) too much government D) scarcity of resources

17. 3) Which of the following is an example of an investment in human capital? A) A company builds a new factory. B) A state puts in a new highway. C) A person goes to college. D) A country builds new schools.

18. 4) Which of the following is a human capital resource that Ms. Kronhorst could use for her art gallery? A) light fixtures to help display the work B) a security guard to protect the artwork C) knowledge of trends in modern art D) a series of paintings by a prominent local artist

19. 5) In order to build a skyscraper, Builders Inc. hires 400 construction workers and 50 managers. Which factor of production is being paid for? A) land B) labor C) capital D) entrepreneurship

20. What do we use our scarce resources for? We try to maximize benefit/pleasure with our scarce resources. Does this always happen? Article