Picture Essay Economics

1. PHOTO ESSAY:
THINKING LIKE AN ECONOMIST
Economics in My Community
Christopher Graham

2. PIZZA HUT
Goods and Services:
Pizza
Wings
Bread
Other Foods
Factors of Production:
Parking lot
Building
Employees
Cash Registers
Manager
Ovens
Opportunity Cost:
Preparing a meal at home.
Trade-Offs:
Going to college to get a culinary degree, or business degree.

3. KROGER
Goods and Services:
Fruits
Vegetables
Meats
Canned Goods
Small Toys
Utility Items
Factors of Production:
Parking lot
Building
Employees
Cash Registers
Manager
Ovens
Trucks for shipments
Opportunity Cost:
Starting a farm to get fresh produce and
vegetables.
Trade-Offs:
Gaining more income than you would by owning a
farm.

4. SHELL GAS STATION
Goods and Services:
Gasoline
Air for Tires
Vacuum Cleaner
Car Wash
Factors of Production:
Parking lot
Building
Employees
Cash Registers
Manager
Fueling Stations
Car Wash Station
Vacuum and Air pump
Opportunity Cost:
Riding a bicycle instead of a car.
Trade-Offs:
Going to college to earn a degree in automotive
skills.

5. JIFFY LUBE
Goods and Services:
Car repairs
Oil Changes
Tire Changes
Car Tune-Ups
Factors of Production:
Parking lot
Building
Employees
Cash Registers
Manager
Car Lifts
Tools
Garage
Opportunity Cost:
Sell your car instead of getting it repaired.
Trade-Offs:
Going to college to earn a degree in automotive
skills.

6. DAY CAR CENTER
Goods and Services:
Day-Time Child Care
Adult Super Vision
Factors of Production:
Parking lot
Building
Employees
Manager
Diapers
Tables and Chairs
Snacks
Beverages
Play Ground
Opportunity Cost:
Bring your child to work instead of taking them to
day care.
Trade-Offs:
Going to college to earn a degree in child care.