picture essay economics

PHOTO ESSAY:THINKING LIKE AN ECONOMISTEconomics in My Community

Christopher Graham

PIZZA HUT

Goods and Services: Pizza

WingsBreadOther FoodsFactors of Production:Parking lotBuildingEmployeesCash RegistersManagerOvensOpportunity Cost:Preparing a meal at home.Trade-Offs:Going to college to get a culinary degree, or business degree.

KROGERGoods and Services: Fruits

VegetablesMeatsCanned GoodsSmall ToysUtility ItemsFactors of Production:Parking lotBuildingEmployeesCash RegistersManagerOvensTrucks for shipmentsOpportunity Cost:Starting a farm to get fresh produce

and vegetables.Trade-Offs:Gaining more income than you would

by owning a farm.

SHELL GAS STATIONGoods and Services: Gasoline

Air for TiresVacuum CleanerCar WashFactors of Production:Parking lotBuildingEmployeesCash RegistersManagerFueling StationsCar Wash StationVacuum and Air pumpOpportunity Cost:Riding a bicycle instead of a car.Trade-Offs:Going to college to earn a degree in

automotive skills.

JIFFY LUBEGoods and Services:

Car repairsOil ChangesTire ChangesCar Tune-Ups

Factors of Production:Parking lotBuildingEmployeesCash RegistersManagerCar LiftsToolsGarageOpportunity Cost:Sell your car instead of getting it

repaired. Trade-Offs:Going to college to earn a degree in

automotive skills.

DAY CAR CENTERGoods and Services:Day-Time Child CareAdult Super VisionFactors of Production:

Parking lotBuildingEmployeesManagerDiapersTables and ChairsSnacksBeveragesPlay GroundOpportunity 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.