Quarter 3 Week 5
textbook questions
Chapter 3
Define the following terms
1. Profit motive
2. Open opportunity
3. Private property rights
4. Public disclosure laws
5. Macroeconomics
6. Microeconomics
7. Gross domestic product
8. Business cycle.
Define the following terms
1. Profit motive
2. Open opportunity
3. Private property rights
4. Public disclosure laws
5. Macroeconomics
6. Microeconomics
7. Gross domestic product
8. Business cycle.
economic systems
After working your way through the presentation: go to the turn in page and discuss 3 important things you learned about the GDP
consumer safety
Click on the link and then "consumer product safety commission". scroll to the middle of the page and click search then on the right side choose a category that interests you and ... then click on any 3 that look interesting to you and summarized the following for each toy you picked:
1. name of the product
2. hazard
3. remedy
1. name of the product
2. hazard
3. remedy
A Demonstration of a Free Market Economy
free market
After viewing the video, write a short paragraph about how a free market economy works !!
Should We Raise The Minimum Wage?
minimum wage
after viewing the video, discuss the pros and cons of raising the minimum wage
textbook questions
Chpt 3
1. What constitutional guarantees underlie the American free enterprise system?
2. Explain at least 3 benefits of the free enterprise system.
3. What does GDP tell economist about business cycles?
4. Give one example of a new technology that has resulted in greater productivity for the US.
5. Why is a free rider a type of market failure?
6. Is the criminal justice system(police and courts) a public good? Explain.
7. Why does povery exist in a free market economy?
8. What is the difference between cash transfers and in-kind-benefits?
9. How is Social Security an example of income redistribution?
1. What constitutional guarantees underlie the American free enterprise system?
2. Explain at least 3 benefits of the free enterprise system.
3. What does GDP tell economist about business cycles?
4. Give one example of a new technology that has resulted in greater productivity for the US.
5. Why is a free rider a type of market failure?
6. Is the criminal justice system(police and courts) a public good? Explain.
7. Why does povery exist in a free market economy?
8. What is the difference between cash transfers and in-kind-benefits?
9. How is Social Security an example of income redistribution?