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 .
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