Goods and Services Project for AP Macro Economics

1. Baylie Cowart

2. Restaurant
Goods and Services
-Food
-Drinks
-Catering
Factors of Production
-Raw food materials
-Grill and Stove
-Building
-Booths
-Waiters
-Cooks
-Managers
Opportunity Cost of The Consumer
-A home cooked meal with family
Trade Offs of the Owner
-Being their own boss
-Taking risk on loans rather than working a
‘desk job’
Source:
https://www.fotolia.com/cat1/2006002?k=cartoon

3. Clothing Store
Goods and Services
-Shirts
-Pants
-Dresses
-Accessories
Factors of Production
-Buying clothing form vendors/designers
-Building
-Cash Register
-Mannequins
-Sales Associates
-Managers
Opportunity Cost of the Consumer
-Making their own clothes
-Spending money on other things like food
or rent
Trade Offs of the Owner
-Opening a business instead of working
for someone else
Source:
http://www.123rf.com/photo_16733888_illustration-of-
a-clothing-store-on-a-white-background.html

4. Doctor’s Office
Goods and Services
-Physicals
-Exams
-Vaccinations
Factors of Production
-Buying medications & Vaccines from drug
companies
-Exam equipment
-Nursing staff
-Doctors
-Office Staff
Opportunity Cost of the Consumer
-Taking off of work to have an exam
Trade Offs of the Owner
-Spending more time and money on
college
Source:
https://www.pinterest.com/pin/379217231097041299/

5. Grocery Store
Goods and Services
-Produce
-Cooking supplies
-Cleaning supplies
-Toiletries
Factors of Production
-Aisles
-Shelving
-Checkout belts
-Registers
-Sales Clerks
-Stocking staff
-Building
-Carts/Baskets
Opportunity Cost of the Consumer
-Spending the day grocery shopping
instead of spending time with family
Trade Offs of the Owner
-Taking out loans to start store instead of
buying a nice house
-Spending time working instead of going
out with friends
Source: http://www.123rf.com/photo_17336156_an-
image-of-a-grocery-store.html

6. School
Goods and Services
-Teaching Children/young adults
-Providing Lunch
-Providing opportunities for sports and
extracurricular activities
Factors of Production
-Teachers
-Front Office Staff
-Administrators
-Custodians
-Lunch Room Workers
-Desks
-Computers
-Books
Opportunity Cost of the Consumer
-Student: Having to go to school when
they would rather be somewhere else
-Parent: Having their child attend public
or private school rather than
homeschooling them.
Trade Offs of the Owner
- It is very difficult to run a successful
school and they could be working an
easier job.
Source: http://www.clipartbest.com/cartoon-
school-building