Monday 2/9
Entry task
Look up the production possibilities frontier/curve in your book. Draw your own unique version of a possibilities frontier/curve and illustrate opportunity costs. (It should be shown in two places on the graph.) Write a couple sentences explaining how a possibilities frontier/curve works and how it visually demonstrates opportunity cost.
Finish/Review Economic Economic Systems Graphic Organizer
Essential Elements of Capitalism/What Makes Capitalism Work?
1. Brainstorm the essential fundamental elements of capitalism with a partner or group of no more than 3. (Do not use the book.)
2. Narrow your list of elements down to what you think are the four most important elements.
3. For each of your four choices, explain why it’s crucial.
4. Define capitalism in your own words, not using the book or dictionary.
Private Property as a motivator.
