Shipwrecked! Scarcity Choice Opportunity Costs Factors of Production Income distribution Standard of...

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Transcript of Shipwrecked! Scarcity Choice Opportunity Costs Factors of Production Income distribution Standard of...

Page 1: Shipwrecked! Scarcity Choice Opportunity Costs Factors of Production Income distribution Standard of Living. National Income Consumer Goods Capital Goods.

Shipwrecked!

Page 2: Shipwrecked! Scarcity Choice Opportunity Costs Factors of Production Income distribution Standard of Living. National Income Consumer Goods Capital Goods.

Shipwrecked!ScarcityChoiceOpportunity CostsFactors of ProductionIncome distributionStandard of Living.National IncomeConsumer GoodsCapital Goods

Page 3: Shipwrecked! Scarcity Choice Opportunity Costs Factors of Production Income distribution Standard of Living. National Income Consumer Goods Capital Goods.

Shipwrecked!You have been shipwrecked with the other

members of your group.You have all been washed up on the beach of

a small uninhabited island.Your first priority is survival.You must assume that you may be here a

long, long time.As you walk along the beach you find a small

box that looks like it came from the ship.Inside the box you find….

Page 4: Shipwrecked! Scarcity Choice Opportunity Costs Factors of Production Income distribution Standard of Living. National Income Consumer Goods Capital Goods.

Shipwrecked!A spool of thread.A sewing needle2 Safety pins3 buttonsA large yellow plastic beadA map of this island.

Page 5: Shipwrecked! Scarcity Choice Opportunity Costs Factors of Production Income distribution Standard of Living. National Income Consumer Goods Capital Goods.

Shipwrecked!Apart from what is in the box, all you have

are the jeans and t-shirt you were wearing when the ship went down.

It is late September, the weather is getting cooler and black clouds are forming overhead.

Daytime and nighttime are about equal, so it starts getting dark around 6 pm

There are other islands near enough to see, but too far to swim to.

Page 6: Shipwrecked! Scarcity Choice Opportunity Costs Factors of Production Income distribution Standard of Living. National Income Consumer Goods Capital Goods.

Shipwrecked!What is your plan to survive?You need food, water, clothing, shelter.How are you going to get it?Create

1. an hour by hour plan for the first 24 hours. Is everyone going to do everything or are you going

to divide the jobs? Why? How will you decide who does what?

2. a plan broken into 4 hour increments for the first week.

3. a long range plan that will include…

Page 7: Shipwrecked! Scarcity Choice Opportunity Costs Factors of Production Income distribution Standard of Living. National Income Consumer Goods Capital Goods.

Shipwrecked!A. who does whatB. how does each get paidC. what kind of living space is thereD. is trade a possibility. ( you can see other

islands)If yes, what will you trade?

Page 8: Shipwrecked! Scarcity Choice Opportunity Costs Factors of Production Income distribution Standard of Living. National Income Consumer Goods Capital Goods.

Shipwrecked!Oh My! A BIG second box has washed up on shore.It contains…

A VHS tape of Finding NemoA bag of cotton balls50 feet of garden hoseAn empty 2 liter Coke bottle.A rusty hammer3 pennies, a dime and a Chuckie Cheese tokenA boy scout knife.7 Dora the Explorer Band-Aids