Due February 18th - Read Chapter One & Choose two of the four activities

• Students will create a collage of needs and wants. On one side of the paper they will cut out and paste pictures of their individual needs and on the other side they will paste their wants. The collage should describe the nature of economics. Discuss the relevance of the subject to class members, and point out how they may benefit from an understanding of the subject.
• Students will write a letter to their congressman explaining how scarcity affects their lives.
• Student will take an online reality check of how much money they will need to support their lifestyle on http://jumpstart.org/reality-check-page1.html. Write a short essay - does the educational and skill level you plan to achieve allow you to live the life style that you want to live?
• Think about a mall where you shop. Name examples of business that compete with each other. Compare the methods they use to attract customers. Why can you choose which store you go to? Can you open your own store? Why? What would you need to open your own store? What would happen if the government took control of the mall and they allowed there to be only one shoe store that sells shoes that the government designed and sell them at the price the government says to, and you can not shop anywhere else, nor can you open your own store.