Economics

Economics-10/30/13 October 30, 2013 EOCT-December 9th and 10th Appetizer: Which of the following lists would an economist consider to be land? (a) factories, office buildings, assembly lines, workers (b) farm fields, tractors, pesticides, fertilizers (c) dams, bridges, rock quarries, oil wells (d) iron ore, natural gas, fertile soil, water Chalk outside for circular flow Green EOCT book-pages 56-#1-4 49 #1-3, 57-#1-4 to be handed in Activator: YouTube: AP Econ Thrift Shop Download Chapter 4-DEMANDstakersection1 Main Course: What is the purpose of money? Why is it considered a standard of value or medium of exchange? Money also serves as a store of ready to graph demand! Follow up paper from TOD on Tuesday; you will add the following answers on your papers: page 57-#1-4 and page 49-#1-3 (this will count as 1 grade) value (you can save it now and spend it later)! Make sense? Notes on demand, law of demand, individual demand and market demand schedule, Draw an L on your paper: label y axis P (price) and x axis Q (quantity); now you are to graph