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Do Now for Tuesday, August 9

Stay updated on class announcements by signing up for REMIND. Engage in daily Do Now exercises to boost economic knowledge. Prepare for quizzes with study tips and reminders.

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Do Now for Tuesday, August 9

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  1. Do Now for Tuesday, August 9 *Pass up parent signatures *Get out your phone and sign up for REMIND • Take out your phone • Look at the board on the RIGHT SIDE—find your class. • Text to: 81010 • Make sure you put in the @ sign, then the code for your class. • The computer will ask you for your name – please give your first and last name. • That’s it! **If you’re a senior go ahead and do the “khsseniors” as well.

  2. Do Now for HUMPday, August 10 What do you think the word SCARCE means??

  3. Do Now for HUMPday, August 10 Answer: . (especially of food, money, or some other resource) insufficient for the demand.

  4. Do Now for Thursday, August 11 Define: • Scarcity • Factors of Production

  5. Do Now for Thursday, August 11 Answer: • Scarcity -is the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. • Factors of Production -inputs that are used in the productionof goods or services in order to make an economic profit. The factors of production include land, labor, capital and entrepreneurship.

  6. Do Now for TGIFday, August 14 Answer these questions: • What is the difference between human capital and financial capital? 2) What does GDP stand for 3) What is an entrepreneur?

  7. Do Now for Monday, August 15 So you’re on an island in a group. List: • One thing you would’ve picked that the others didn’t want too. • One thing you wish you could have an option to have that was NOT on the list.

  8. Do Now for Tuesday, August 16 List the 4 items needs for FACTORS OF PRODUCTION!

  9. Do Now for HUMPday, August 17 Are you ready for your quiz? STUDY NOW!!!

  10. Do Now for Thursday, August 18 Are you ready for your quiz? STUDY NOW!!!

  11. Do Now for TGIFday, August 19 Explain OPPORTUNITY COST!

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