Which of the following is an example of a capital investment for a retail store?

A.Buying ads in local newspapersB.Hiring sales clerks and managersC.Buying cash registers and displaysD.Renting retail space at a mall

SpongeIf two people are packing and delivering food

orders, what is the MOST efficient way to do the job?

A.Both people work together to pack the orders and then deliver the orders together.

B.One person packs and delivers half the orders; the other packs and delivers the other half of the orders.

C.On Monday, one person packs all the orders, while the other delivers; the next day, they switch jobs.

D.One person packs all the orders, and the other delivers all the orders.

PPC Shifts PracticePPC Shifts PracticeSketch Original PPC (AB) and new PPC (CD) described in the scenario. Also use arrows to show directional movement.

1. A farmer growing corn and soybeans invests in improved fertilizers and better irrigation equipment.

2. A country is currently investing in new technology for all its businesses.

3. A company recently made investments in new technology that will improve its production of both computers and DVD players.

4. Pfizer Pharmaceuticals announced last week the elimination of 10,000 jobs.

5. President Bush restricted imports of farm equipment.

6. In order to build a skyscraper, Builders Inc hires 400 construction workers and 50 managers.

7. New technology reduces production costs.

8. Influenza epidemic strikes Central City causing one-third of the city’s workforce to become sick.

9. A manufacturing company buys new machines for production.

10. A company fires 100 employees in all branches of its corporation.

Objectives: (SSEF3, SSEF6)• Give examples of how individuals and businesses specialize

• Define productivity as the relationship of inputs to outputs

• Give illustrations of investment in equipment and technology and explain their relationship to economic growth

• Give examples of how investment in education can lead to a higher standard of living

ProductivityProductivity = output of products

input of resources

(the quantity of output per unit of input)

An increase in productivity means producing more goods/services with the same amount of resources (or fewer resources)

Increased productivity leads to higher wages for workers

Specializationallows people to concentrate on a single

activity or area of expertise

Division of Labor form of specialization in which the

production of a product or service is divided into several separate tasks, each performed by one person

Capital Investmentusing some of an economy’s profits to buy

new machines and equipment, research & implement new technologies, and improve the education of the workforce

Classwork: Productivity and Specialization PracticeComplete the following questions from the

2.5 week Assessment: Productivity: 22, 24, 26, 28, 29 Specialization: 5, 25, 27, 30

2.5 Week Assessment Results

Stu

den

t Mastery A

verage

SS

EF

1a (Scarcity)

SS

EF

1b (P

rod

uctive R

esou

rces)

SS

EF

1d (O

pp

ortu

nity C

osts)

SS

EF

2a (Pro

du

ction

Po

ssibilities C

urve)

SS

EF

2b (M

argin

al Co

sts/Ben

efits)

SS

EF

3a (Sp

ecialization

/Divisio

n o

f Lab

or)

SS

EF

6: Pro

du

ctivity

5th Period 68.26% 86% 67% 73% 69% 67% 72% 44%

2nd Period 71.27% 90% 59% 70% 60% 59% 83% 78%

Economics Help GroupsOpportunity Costs, Trade-Offs – Shakeera

Raines, Faron Manuel

Production Possibilities Curve – Armand Dozier

Marginal Costs/Marginal Benefits – Chris Hardy, Jemesh Hunter

Factors of Production – Sheliah Turman

Economics Help GroupsProductive Resources – Ailbreia Johnson

Production Possibilities Curve – Roderick Walton, Marcus Webster

Marginal Costs/Marginal Benefits – Saajidah Memfis, Colin Cook