3(1) Benefits of Free Enterprise
Identify the key terms.
Read the preview on page 51. How does the photo on page 51 represent the American free enterprise system? Read 3.1 on page 52, list the 7 features of the American Free Enterprise system. Read Global Connections on 54, list three factors which cause problems for entrepreneurs in Russia today. Look at the chart of Federal Regulatory Agencise on page 55, which agency might Green Harbors overlap?.
Answer questions #1-6 (odd/even) on page 55
Read the profile of Aliced Rivlin on page 56, Answer questions #1-3 in complete sentences.
3(2) Promoting Growth and Stability
Identify the key terms.
Read the preview on page 57. Look at the picture on page 59, how does technology help the economy grow? Read Fast Fact (60), what are the two types of energy reserves?
Answer questions #1-8 (odd/even) on page 60.
Read Skills for Life (61) answer question #3.
3(3) Providing Public Goods
Identify the key terms.
Read the Preview on page 62. List at least three public goods pictured on page 63. Read the Creation of a Public Good (64) If the farmers wanted irrigation ditches built from the dam to their farms would these ditches be public goods? Look at the picture on page 65 list two positive and two negative externalities of the new lake built by the dam. Read Fast Fact (66) why would the government allow the "pollution permits" to be bought and sold?
Answer questions #1-7 (odd/even) on page 66.
3(4) Providing a Safety Net
Identify the key terms
Read the Preview on page 67. Look at figure 3.6 on page 689, when was Aid to Families and Dependent Children changed to Temporay Assistance for Needy Families?
Answer questions #1-6 (odd even on page 70.
Read the Real life case study (71) answer questins #1+2 .
Wednesday, September 14, 2011
Thursday, September 8, 2011
Chapter 2 homework
Chapter 2, Economic Systems (p. 22-47)
Read 2(1) p. 22-27 Read the preview of the section pn page 23. Look at the picture on p.22. What do economic systems enable societies to do? Look at the graph on p.24, what resource dominates wheat production? What caused these changes? Write down the 5 economic goals listed in the text box on page 25, what economic goal could help these hurricane victims? What type of economic system is pictured on page 26? Identify the key terms listed on page 23. Answer questions #1-8 (odd or even) on page 27.
Read 2(2) p.28-32 Read the preview of the section on page 28. What are the three examples of markets pictured on page 28-29. Look at the Circular Flow pictured on page 30, What is exchanged in the factor market? What is exchanged in the product market? Look at the cartoon on page 31, what are they really saying? Read the fast fact on page 32, when does the free market provide social services? Identify the key terms listed on page 29, Answer questions #1-8 (odd/even) on page 32. Read the Profile on Adam Smith (p.33) Answer questions #1+2 .
Read 2(3) Centrally Planned Economies Read the preview of the section on page 34. Look at eh pictures on page 34, why doesn't the government have to motivate individuals in a market economy? Look at the picture on 35, does the worker appear very style conscious? What three communist icons are pictured on page 36? What problems are shown in the pictures on pages 36 and 37? Identify the key terms listed on page 34. Answer questions #1-6 (odd/even on page 38. Read the Real-Life Case Study on pag 39. Answer questions #1+2 on page 39.
Read 2(4) p.40-44 Read the preview of the section on page 40. What public good is pictured on page 40? What government benefit is pictured on page 41? Read about Sweden's Mixed Economy on page 41, why do economists refer to the Swedish government as a "nanny state"? Look at the new circular flow model pn page 42, how does it differ from the model on page 30? Look at the Continuum of Mixed Economies picture on pag 43, where would Sweden fit? Explain your answer. Read the fast fact on page 43, what Chinese fast food is discussed? Look at the picture on page 44, what type of economic systems are shown? Identify the key terms listed on page 40?
Read 2(1) p. 22-27 Read the preview of the section pn page 23. Look at the picture on p.22. What do economic systems enable societies to do? Look at the graph on p.24, what resource dominates wheat production? What caused these changes? Write down the 5 economic goals listed in the text box on page 25, what economic goal could help these hurricane victims? What type of economic system is pictured on page 26? Identify the key terms listed on page 23. Answer questions #1-8 (odd or even) on page 27.
Read 2(2) p.28-32 Read the preview of the section on page 28. What are the three examples of markets pictured on page 28-29. Look at the Circular Flow pictured on page 30, What is exchanged in the factor market? What is exchanged in the product market? Look at the cartoon on page 31, what are they really saying? Read the fast fact on page 32, when does the free market provide social services? Identify the key terms listed on page 29, Answer questions #1-8 (odd/even) on page 32. Read the Profile on Adam Smith (p.33) Answer questions #1+2 .
Read 2(3) Centrally Planned Economies Read the preview of the section on page 34. Look at eh pictures on page 34, why doesn't the government have to motivate individuals in a market economy? Look at the picture on 35, does the worker appear very style conscious? What three communist icons are pictured on page 36? What problems are shown in the pictures on pages 36 and 37? Identify the key terms listed on page 34. Answer questions #1-6 (odd/even on page 38. Read the Real-Life Case Study on pag 39. Answer questions #1+2 on page 39.
Read 2(4) p.40-44 Read the preview of the section on page 40. What public good is pictured on page 40? What government benefit is pictured on page 41? Read about Sweden's Mixed Economy on page 41, why do economists refer to the Swedish government as a "nanny state"? Look at the new circular flow model pn page 42, how does it differ from the model on page 30? Look at the Continuum of Mixed Economies picture on pag 43, where would Sweden fit? Explain your answer. Read the fast fact on page 43, what Chinese fast food is discussed? Look at the picture on page 44, what type of economic systems are shown? Identify the key terms listed on page 40?
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