Tuesday/Wednesday September 13-14

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

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

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.