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Mr. Kabourek's Economics Web Site

ECONOMICS - Journal Entries

Journal Entry #1  8/29/06

     Define what economics means to you using your own words.

Journal Entry #2  9/1/06

     I give you $100.  What would you buy with that $100?

     Now I give you another $100.  What would you buy with this extra $100?

     What is the opportunity cost?

Journal Entry #3  9/1/06

     Draw a productions possibilities curve, label the axis as something that relates to you, and then make three points (a,

     b,  and c) with one inside the PPC, one on the PPC, and one outside the PPC.