For Each Item Talked About in This Episode, Please Answer the Following Questions

For Each Item Talked About in This Episode, Please Answer the Following Questions

Name ______

Competencies covered:
34Identify the differences between wants and needs.
36Distinguish among the factors of production.
37Explain the relevance of scarcity to economics.
38Describe the decision-making process.
40Explain the impact of supply and demand on a free enterprise system

*Using the show “Pawn Stars,” you will watch and see how different antiques or collectibles are bought, sold, and traded. You will also see how the economy and other factors affect each person in the deal and handle their decision making when it comes to selling/buying the products!

GO to:

~For each item talked about in this episode, please answer the following questions:

ITEM #1

  1. What is the item
  1. What is a historical/fun fact they talk about with this item
  1. How much did the professional say it was worth?
  1. What is the price the seller asked for the item?
  1. What is the price the “Pawn Stars” offered?
  1. Did they take the deal?
  1. If you were the seller with this item, would you have/have not taken the deal? Why?

ITEM #2

  1. What is the item
  1. What is a historical/fun fact they talk about with this item
  1. How much did the professional say it was worth?
  1. What is the price the seller asked for the item?
  1. What is the price the “Pawn Stars” offered?
  1. Did they take the deal?
  1. If you were the seller with this item, would you have/have not taken the deal? Why?

ITEM #3

  1. What is the item
  1. What is a historical/fun fact they talk about with this item
  1. How much did the professional say it was worth?
  1. What is the price the seller asked for the item?
  1. What is the price the “Pawn Stars” offered?
  1. Did they take the deal?
  1. If you were the seller with this item, would you have/have not taken the deal? Why?

ITEM #4

  1. What is the item
  1. What is a historical/fun fact they talk about with this item
  1. How much did the professional say it was worth?
  1. What is the price the seller asked for the item?
  1. What is the price the “Pawn Stars” offered?
  1. Did they take the deal?
  1. If you were the seller with this item, would you have/have not taken the deal? Why?
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