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Goods and services
Factors of Production
Opportunity Cost
Trade Off
•Drivers Ed classes•Driving lessons•Classes for defensive driving
•Teachers •Computers•Cars•Driving instructors•Textbooks •Cones
Get a family member to teach you
Student might miss going out to eat with a friend
Goods and services
Factors of Production
Trade OffOpportunity Cost
•Clothes•Make up•Jewelry•Shoes•Appliances (blenders, etc)
•Types of clothes•Cashiers•Managers•Computers•Specialist in jewelry•Toys and books•Coupons
Shop online
Manager might be spending time with family
Goods and services
Factors of Production
Trade OffOpportunity Cost
•Books•Coffee and snacks•Story time for kids•Movies•Music•Nooks
•Novels, cookbooks, magazines, etc•Cashiers•Manager•Computers•Starbucks •Seats and tables•Stage for kids area
Could go to the library to rent a book
Worker cannot babysit her neighbors because she needs to work
Goods and services
Factors of Production
Trade Off Opportunity Cost
•Food•Drinks•To-go service•Table side service
•Rice•Noodles•Soup•Sinks •Tables and chairs•Manager •Wait staff•Cooks•Stove, grill, oven
Going over to grandparents house for dinnerCook might be
missing their child’s birthday
Goods and services
Factors of Production
Trade Off
Opportunity Cost
•Gasoline•Bathrooms•Snacks/drinks•Car wash
•Lot•Gas pumps•Paving•Machinery (for car wash)•Manager•Cashier
Riding bike to local restaurant
Going to Fox to see a show
Websites used for Pictures• http://store-locator.barnesandnoble.com/store/2070• https://
www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=kohls%20suwanee
• http://www.bizbuilder.com/portfolio/valero-gas-station-with-real-estate-whittier-ca/
• http://www.brilliantwaterfeatures.com/signature-le-mekong.html
• http://www.examiner.com/article/top-10-road-test-tips-for-teen-drivers