1. Print out a Table of Contents (TOC) and tape/glue to the inside front cover of your notebook. On the first line of your table of contents write down: Factors of Production Activity.
Table of Contents Assignment #1: Factors of Production
Table of Contents Assignment #1: Factors of Production
2. Look at your list of 20 things that go into a product from yesterday. For each item, write down whether it is an example of Land, Labor, or Capital.
3. Read and take notes on pages 3-4 (Scarcity and Shortage)
Watch video explaining scarcity: https://www.youtube.com/watch?v=Np-dZSdzymk
Watch video explaining scarcity: https://www.youtube.com/watch?v=Np-dZSdzymk
4. Complete the Intro to Factors of Production handout.
5. Make a Concept Map for both Scarcity and Shortage. Refer to the attached example of a Concept Map.
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