monday, march 17th class discussion what is an acronym? how is it different from an abbreviation?...
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Monday, March 17thClass Discussion
What is an acronym? How is it different from an abbreviation?Can you come up with 3 acronyms?
Here is the plan…
Students will be able to recall the acronym OPEC.
Students will understand the laws of supply and demand.
Students will comprehend impact that OPEC can have on Western Countries.
OPECThe
Organization of Petroleum Exporting Countries.
Founded in 1960 – it currently has 11 member nations
Golden Goose Rule
Moral - Shortsighted actions can lead to long term pain.
How does this apply to OPEC?
INSTABILITY
How has instability in the Middle East (Iran & Iraq in particular) led to higher oil prices?
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