Create Frayer models of the seven principles of economic thinking. Be sure to include the principle, create a symbol or simple illustration that helps explain that principle and write a one-sentence summary of the principle.
Create a flowchart illustrating the steps of the scientific method. Think of a concrete example of how an economist would use this. Write an explanation of what the economist would do in each step of the process. An example is begun for you. You may use this example question or create your own.
Why do the keypad buttons on drive up cash machines have Braille dots?
Why is milk sold in rectangular containers while soda is sold in round ones?
Why are DVDs sold in larger packages than CDs when the disc is the same size?
Why does Apple sell its black laptops for $150 more than the identically configured white ones?
Why are seat belts required in cars but not school buses?
Why do most stores place men's fashion on the lower floors and women's fashions on the higher floors?
Why do brides spend so much money — often thousands of dollars — on wedding dresses they will never wear again, while grooms often rent cheap tuxedos, even though they will have many future occasions that call for one?
Why are people required to put children in safety seats in cars but in airplanes babies can sit on your lap?
Why is it cheaper to buy round-trip airfare from Kansas City to Honolulu than from Honolulu to Kansas City?
Why do female models earn more than male models?
Why do last minute seats on Broadway shows go for a discount, but last-minute seats on airplanes sell for a premium?
Why do 24-hour convenience stores have locks on their doors?