ACTIVITY 1: Give and Take
From UNIT 1: LESSON 2, Middle School Economics, © Council for Economic Education, New York, NY
Analyze the following situations and list the options available to
the individuals involved. When necessary, make up an exact number
of hours or dollar amounts to fit the situation. (For example, cost
of food or other items, amount of space, hours of time.) Based on
your numbers, calculate the percentages for each option.
Maria received $15 from her aunt for her birthday and decided to go to
the mall to look over her choices. After visiting several stores,
she has decided she could purchase a CD of her favorite band, candy from
the jellybean store, new pens and markers, or some food from the food court.
Use newspaper ads as well as your own experience to assign prices to these
items to determine Maria's options.
Doug planned to go skate boarding this afternoon with his friend Rick at
1:00. He has to be home to help his mother prepare dinner at 5:00.
An hour ago, he was asked to mow the neighbor's lawn. The neighbor
will pay extra if Doug will do the job this afternoon. What are Doug's
Sheena is trying out for the basketball team at school. She has to
be able to make free throws and three-point shots. She has three
hours to practice this afternoon. How much time should she spend
practicing each skill? What are her options?
Randy and Larry are in charge of the refreshments for the party after the
class play. Their budget for snack food is $20. They are considering
popcorn, pretzels, chips, nuts, and nachos. Use newspaper ads and
your own experience to assign prices to these items. What are their options?
Luis has an English final tomorrow and has only two hours to study this
evening. He knows that spelling words will be on the final but he
also knows there will be questions covering the rules of grammar and punctuation.
How can he plan his study time?
Sally is attending a scout camp in the mountains for a week. The
campers will be hiking, camping, and horseback riding. They also
have certain jobs they must do each day and special projects they must
complete. They have only two hours during each of the four days to
schedule hiking camping and horseback riding. Each activity must
be scheduled in 30 minute blocks. Sally wants to spend some time
doing each of these activities. What are her options?