18. Which of the 3 business orgs would you
use to start a…..
19. Which of the 3 business orgs would you
use to start a…..
20. Which of the 3 business orgs would you
use to start a…..
21. Which of the 3 business orgs would you
use to start a…..
Tile setting
22. Which of the 3 business orgs would you
use to start a…..
23. Which of the 3 business orgs would you
use to start a…..
24. Which of the 3 business orgs would you
use to start a…..
25. Quantitative Easing on back of quiz
Why would an economist say it
makes sense to pay $500 to fly
to Los Angeles, when a person
could drive for only $90?
26. Mental Bellringer
Think of a day when you got a lot done. What were
you doing? Why were you able to do it?
31. Productivity
• Quantity of output for each unit of input
• For example:
• Mechanic can do 4 oil changes per hour
• Each oil change requires $8 worth of filter & oil
• “At the margin” increases in
Productivity
Another example?
Hours studying? Working?
32. Draw and label 2 good PPF
label impossible, efficient and inefficient
34. Increases in productivity
• Causes ---------
• #1 technology
• Others:
• Human capital
• Cheaper inputs
• Health
• Globalization
35. Bellringer on a full sheet
1. List 3 things the
“60+” plus might
refer to. Such as
weight.
2. Which is the best
answer to #1?
3. How many of those
folks are there in the
US now?
4. How many will there
be in 2040?
36. A strategy to read graphs (or pictures)
O verview
P arts
T itle
I nterrelationships
C onclusion
37. A strategy to read graphs (or pictures)
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I terrelationship
C onclusion
Source: Associated Press
38. A strategy to read graphs (or pictures)
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39. A strategy to read graphs (or pictures)
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40. A strategy to read graphs (or pictures)
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41. A strategy to read graphs (or pictures)
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42. A strategy to read graphs (or pictures)
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43. A strategy to read graphs (or pictures)
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44. A strategy to read graphs (or pictures)
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45. A strategy to read graphs (or pictures)
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46. A strategy to read graphs (or pictures)
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47. A strategy to read graphs (or pictures)
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48. A strategy to read graphs (or pictures)
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I nference
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49. A strategy to read graphs (or pictures)
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50. A strategy to read graphs (or pictures)
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51. A strategy to read graphs (or pictures)
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52. A strategy to read graphs (or pictures)
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53. A strategy to read graphs (or pictures)
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54. A strategy to read graphs (or pictures)
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57. In your groups
• You are members of the financial
ministry of the country of
Travistan
• Create a budget for FY 2014
• Smog level 100 million
particles per square inch
Reducing pollution would increase
tourism and create thousands of
new jobs
Travistan