Guess what? There is the possibility that your child will have homework tonight! We are continuing to work through the "Introduction to Economics"" booklet. We will be wrapping up this work soon, because next Monday we will be starting an INDEPENDENT project based on economics and culture.
However, today the assignment is to do pages 23,24, and 25 in the booklet. Page 23 requires that the kids identify the three of the four factors of production: natural resources, labor, and capital. Each of these factors needs to be "highlighted" in a different color; we used crayons in class. Page 24 requires the kids to THINK about how they would make categories of the listed items. There are not "right or wrong" answers, but they should be able to justify their categories. On page 25, jobs need to be sorted into Goods-producing or Service jobs. There was PLENTY of time given in class to work on this set of pages. These three pages are due on Thursday, January 31, 2013.
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