Karen goes to a party instead of studying for a test. What was trade off?
Going to the Party
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banana
Go to last place!
Oops!
shark
Other team loses 20 points!
Okay!
shark
Other team loses 5 points!
Okay!
banana
Go to last place!
Oops!
15
After I paid all of my bills, I have $400 left over. What was my surplus?
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heart
Other team wins 25 points!
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magnet
Take 25 points!
Okay!
rocket
Go to first place!
Okay!
thief
Give points!
5
10
15
20
25
15
This happens when prices go up over time?
Inflation
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15
Mason decided to go home instead of going to the gym, what was his opportunity cost?
going to the gym/ Staying fit
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15
Balenciaga shoes is an example of an______
Want
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15
The average person makes $__,____ a year
$59,000
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15
I serve Hamburgers and fries at my restaurant, what is the supply in this scenario?
Burgers and Fries
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15
What is Economics?
the way money is distributed in society
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15
During a major storm, everyone wants to buy bottled water, but stores run out of stock.Question: How might the store respond to the increased demand for water?
raise the price or keep it the same
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15
You have $1,000 in a savings account but also have $2,000 in credit card debt. Question: How do your liabilities compare to your assets, and what does this mean for your financial health?
Make payments on credit card debt, but my savings still an asset.
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15
Ps6 dropped yesterday, it sold out in all of Mobile stores, what was the demand in this scenario?
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15
What happens when the supply is high and the demand is low?