ended up getting the things you wanted, you........................... What's the consequence of the fact that we have unlimited wants but limited resources.
Keywords: World series: the most important baseball competition in the USA.
Question 1: Describe what each of them want. Question 2: Do they really need what they want? Question 3: Why do they want a car or a ticket to the world series if they don't really need them? II. Cartoon n°2
Question 1: What's the idea of the cartoon? III. Sum up Question: Try to sump the ideas of the two cartoons. => Homework for next class: write 5 of the things you want more, and find when they were invented (or produced for the first time). 1
Exercise 2: We have to make choices Go to this address: http://seslescours.free.fr/?p=1676 and watch the video. Question 1: Circle the correct answer : Two facts are true about everyone, regardless of gender, creed, colour, income. Everyone has: limited wants limited resources unlimited wants unlimited resources Keywords: Regardless: in all cases Creed: religion Gender: sex Income: the money that people get, what they earn
Question 2: Fill in the blanks: Yet no matter what we have, we always want to have...................................... According to the video the definition of unlimited want is the fact that even if you ended up getting the things you wanted, you........................... What's the consequence of the fact that we have unlimited wants but limited resources ............................................................................................................................................ Exercise 3 : Economic Goods and Production Question 1: What's a free good? …............................................................................................................................................ Can you think of any free good? …............................................................................................................................................ Why is there no free good? …............................................................................................................................................ …............................................................................................................................................ Question 2: What is an “economic good”? Question 3: What's the difference between a “service” and a “good”? Question 4: Tick the right boxes.
2
Service
Good
Car An economic lesson Mobile phone subscription DVD Mobile phone A dinner at a restaurant A visit to the doctor
Conclusion : How do people choose to satisfy their unlimited wants with their limited resources? → …........................................................................................................................................ …............................................................................................................................................ .…........................................................................................................................................... → …........................................................................................................................................ …............................................................................................................................................ .…...........................................................................................................................................
Complete the graph with the following words: work, production, consumption, needs, income
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