We've been studying economics, resources, and the relationship between consumers and producers.
I'd like you to reply to this blog post with a personal narrative which describes your own experiences with economics. Include vocabulary words and details so readers will understand how you were part of our economy.
Please include your initials at the end of your post.
5 comments:
The last time that I had something to do with economics was when I was trying to find out which Pokemon card pack was worth less money. One had 32 cards and the other had 42. The one with 42 was a dollar more, but I bought it anyway because each card was less money. When I bought it, I didn't know much about producers and consumers. Nor did I know much about supply and demand. But now I do. And that is because of my great teachers! ZWL
Every week I earn an allowance that is my income. I earn this income by providing services called chores. Every chore has a currency amount. On Friday I get paid my allowance. I divide the curreny into three groups or budgets. The first is save, second is spend and third is charity. My mom takes me to the store where I make choices on the goods I can buy with my spending money. **mg**
One time I hade to make a choice if I wanted to buy a CD or save up for a Wii. But at the time wiis were a scarce item. I hade a tough decision to make. I decided to save up to buy a Wii and I got the last one in the store!
BCS
Each week I earn money by doing chores. On Fridays, we count the number of chores I did for the week and I get paid an allowance. Then I have to separate my allowance into three groups. Savings, charity and spend. My mom takes me to the store with my spend money. Then I must decide what I can buy with the money I have or wait for it to go on sale. **MLG**
One of my experiences with economic chioces is with trading cards. There was 1 pack that had 12 cards in it for $2.00 And a pack of like 45 or something for $10.00
I decided to go with the 12 pack of cards so I could save up. I think it was the right thing to do.
NAF
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