Doritos
Presentation
•
Social Studies
•
9th - 12th Grade
•
Practice Problem
•
Hard
Sarah HUCKLEBERRY
FREE Resource
5 Slides • 5 Questions
1
Economic Flow chart
By Sarah HUCKLEBERRY
2
3
Match
Match each part of the Circular Flow with the correct examples.
Product Market
Businesses
Factor Market
Individuals
7-Eleven, Walmart, Dollar General, Costo
Frito-Lay Company
Corn, Factory, Employees
Alyssa Loves to eat Doritos
7-Eleven, Walmart, Dollar General, Costo
Frito-Lay Company
Corn, Factory, Employees
Alyssa Loves to eat Doritos
4
5
6
Open Ended
Look at both the picture and the photo/graphics in the article. What can you predict this article is about?
7
Open Ended
Find this word ‘enticing’ . What does enticing mean in this article? Re-read the paragraph and the quote that starts, “Basically,” to help you develop the definition.
8
Open Ended
Read the article again and paraphrase into the box any piece of information that affects the economy. Explain how it would affect the economy.
9
Match
Match each part of the Circular Flow with the correct examples. This is the pitch for the Hater App on Shark tank. https://www.youtube.com/watch?v=LGL3X4-IBP8
Product Market
Businesses
Factor Market
Individuals
The App Store, their website
Hater
Employees, computers, servers
people looking for a romantic partner
The App Store, their website
Hater
Employees, computers, servers
people looking for a romantic partner
10
Terms to Know
Product Market - Places where a person can buy goods and services. They can be physical stores that you walk into or online stores.
Business - Are the companies and individuals that create a good or service and then sell it to the public.
Factor Market - Are places that sell the Factors of Production. Labor -employees to work, Land - the land and other natural resources to make products, Capital - the tools and machines to make the products, and entrepreneurship the people that have a new idea, innovation, or invention.
Individual - You, a person that buys products and services and who sells their labor to the Factor Market.
Economic Flow chart
By Sarah HUCKLEBERRY
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