If Silly Bandz are a hot item, why do you think the creators would not raise the price? Do you think people would still be willing to buy them if they were priced higher? Why?
Because your time is limited, you are constantly facing trade-offs. Write a paragraph or two about the trade-offs you have made in choosing how to use your time during a one-week period. What activities did you choose to do? What were the opportunity costs involved in your choices.
What are your plans after graduation? Will you go to college, trade school, work, take some time off? What factors went into making this decision?
Take a position on the following statement. Use evidence from today’s lesson to back up your position and explain your answer in detail.
“Any government intervention in the U.S. economy is harmful.”
“A Day in My Life as a Consumer”
In a couple of paragraphs outline your consumption of goods and services over this semester.
*You don’t have to put details about every purchase, just enough to give a general sense of what you consume.
How do you think government revenue and spending will change in the future? Explain your answer.
Take a position:
“I agree with the college tuition ‘pay it forward’ concept.”
“I disagree with the college tuition ‘pay it forward’ concept.”
– Make a decision on where you stand with the concept behind the article.
– Explain why you feel the way you do
*4 Paragraph essay (minimum)
Midterm Prep Worksheet
Types of Economic Systems
Pay It Forward Article
Cost Benefit Analysis