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Choices and Changes
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Choices and Changes

Instead of going out with her friends, Jane chose to stay at home to study for her math test. Jane got a high score on the test. Why did she earn a high score on the test: because Jane chose to study. A teacher has five movie tickets to give to her ten students. What is most scarce? : tickets. On your way to the shopping mall, a friend asks you to play basketball. Another friends wants you to go to his house to play video games. What must you do first: make a choice.. On Saturdays Alicia usually goes to see a movie with her friends. However, last Saturday she chose to visit her grandmother instead. What was the opportunity cost of Alicia's decision? : seeing the movie. Jim wants to be a good cook. He is taking cooking lessons. Jim is improving his: human capital. After graduating from high school, Marcus found a better paying job than his sister who dropped out of school. Why: Finishing school made Marcus a more productive worker.. When we make a decision we choose between two or more alternatives. What is always true about alternatives: There are costs and benefits to every alternative.. Which of the following best describes the concept of scarcity: When our wants are greater than our available resources.. Which of the following is an important economic reason for going to school: School can help you develop your human capital which can provide you with more job alternatives.. At a clothing factory each worker makes complete sheets. What would happen if the manager decided to use an assembly line in which each worker makes only one part of the shirts: Division of labor would allow the factory to make more shirts faster.. You are a member of the labor force when you: have a job or begin looking for a job. Why is a worker' human capital important to an employer: Workers with more human capital are more productive workers.. Alonzo works in a fast food restaurant. Alonzo's boss pays him $9.25 an hour during the week and $10.25 an hour on the weekend. Why does Alonzo's boss pay more on the weekends: To create a positive incentive for Alonzo to work on the weekends.. Marcia is good at taking pictures with her camera but she is a very poor typist. She enrolled in a photography class instead of taking a typing course. Which of the following is true: Marcia may be developing a specialty in photography.. If people begin buying more of their favorite music albums on iTunes instead of compact discs, what will happen: More workers will be needed to work in the computer industry.. Why do people who drop out of school usually earn less than people who graduate from high school or college: People who drop out of school have less human capital and are less productive workers.. Jesse is a pitcher for a baseball team. Why does Jesse's coach ask him to practice pitching instead of taking batting practice with his teammates: Jesse can be more productive for the team if he specializes in pitching.. Why can a newspaper reporter writer her stories faster using a computer than an electric typewriter: Improvements in technology and capital goods improve productivity.. What is true about the choices you make: Your choices today affect you in the future.. Stacy wants to be an engineer. What is the first thing that Stacy should do to become an engineer: Think about her career goals and make a plan.

Grade:Grade 3_AI - Grade 5_AI
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