If you lived in Boston in 1773, you would see a busy town that was full of merchants (producers) providing goods and services to the citizens (consumers) who purchase these goods and services. Because these merchants experience scarcity in the resources they have to help them make their goods and services you would witness them making choices. In these activities, you will identify some goods and services available in Colonial Boston and help the merchants make good decisions concerning how to use their limited resources.
The errand boy and the merchants could not have everything they wanted. They had to make choices. In this activity, you will need to make choices also. You will be asked to record your first choice and your second choice. Your second choice is your opportunity cost. Be prepared to discuss your choices with the class.
The errand boy and the merchants could not have everything they wanted. They had to make choices. In this activity, you will need to make choices also. You pretend that you are the listed merchant (producer) who has been given a resource and must decide how to use it. There are no right or wrong answers. However, you will fill out a worksheet where you will be asked to write down you first choice and your second choice. Your second choice is the opportunity cost. Be prepared to discuss your choice with the class.
CONCLUSIONIn this lesson you discovered that it is possible to learn about economic concepts while reading interesting history books. You also learned that anagrams are the rearrangement of the letters of one word or phrase to form another word or phrase. Can you match the anagram to the subject? 1. Economics A. Shy Trio 2. History B. A Trite Rule 3. Literature C. Comic Nose
1. This activity tests how much you have learned while pretending to be an errand boy in Colonial Boston.
Part I helps you remember the important words in this lesson using fun anagrams
Part II lets you use these works to fill in the blanks to see if you understand the meanings of these economic concepts.
First check out Life in New England to learn about productive resources in Colonial New England. The citizens in Colonial Boston worked as hard as we do today. However, the jobs they had were different from those we know today. Can you match the merchant (producer) to the correct job description in Colonial Voices Jobs Activity?