Sunday, April 26, 2015
Week of April 27, 2015
We finished studying monetary policy right before vacation we will wrap up the year studying fiscal policy.
Due Wednesday
Chapter 14 (1) What are taxes?
1.Look at the three types of tax sturctiures on page 360. Identify the three types and and summarize their differences.
2. Which type of tax structure is identified on page 361. Do you think this is fair? Explain why.
3. Look at the cartoon on page 362. Why are taxes necessary?
4. Look at the chart 14.3 on page 363. What is the point of the chart? Who do you think pays more taxes (incidence of tax) on an elastic demand : consumers or producers? What about demand that is inelasitic: consumers or producers?
Answer questions 3, 4, and 6 on page 363.
14(2) Federal taxes
1. Look at the Federal Income Tax Rates, 2003 (367). Are these tax rates proportional or progressive?
2. Look at glogal connections (368) What is a value added tax? Would you recommend one for the US? Why or why not?
3. What is a the point of the picture on 369? What is an incentive?
Answer questions #1-4 on page 369.
Read the profile on Henry J. Aaron. (370)
What is an entitlement? Why does Aaron have major concerns about Social Security?
Due Thursday:
14(3) Federal Spending
1. What is the point of the cartoon on page 374?
Answer questions 1-4 on page 374.
14(4) State and local taxes and spending
1. Why is the picture on page 375 in this section?
2. Look at the chart on page 376, What are three of the largest sources of state revenues in 2001, what are three of the largest state expenditures?
3. Look at picture on 377. Should snow plowing be part of a states operating or capital budget?
4. Look at the fast fact on page 378. Why do you think sales tax free NH has such high property tax rates?
Answer questions #1-4 on page 380.
Read real life case study (381)
How many tax cuts did President Bush pass? Who do you think benefitted the most from these tax cuts? Explain
Due Wednesday
Chapter 14 (1) What are taxes?
1.Look at the three types of tax sturctiures on page 360. Identify the three types and and summarize their differences.
2. Which type of tax structure is identified on page 361. Do you think this is fair? Explain why.
3. Look at the cartoon on page 362. Why are taxes necessary?
4. Look at the chart 14.3 on page 363. What is the point of the chart? Who do you think pays more taxes (incidence of tax) on an elastic demand : consumers or producers? What about demand that is inelasitic: consumers or producers?
Answer questions 3, 4, and 6 on page 363.
14(2) Federal taxes
1. Look at the Federal Income Tax Rates, 2003 (367). Are these tax rates proportional or progressive?
2. Look at glogal connections (368) What is a value added tax? Would you recommend one for the US? Why or why not?
3. What is a the point of the picture on 369? What is an incentive?
Answer questions #1-4 on page 369.
Read the profile on Henry J. Aaron. (370)
What is an entitlement? Why does Aaron have major concerns about Social Security?
Due Thursday:
14(3) Federal Spending
1. What is the point of the cartoon on page 374?
Answer questions 1-4 on page 374.
14(4) State and local taxes and spending
1. Why is the picture on page 375 in this section?
2. Look at the chart on page 376, What are three of the largest sources of state revenues in 2001, what are three of the largest state expenditures?
3. Look at picture on 377. Should snow plowing be part of a states operating or capital budget?
4. Look at the fast fact on page 378. Why do you think sales tax free NH has such high property tax rates?
Answer questions #1-4 on page 380.
Read real life case study (381)
How many tax cuts did President Bush pass? Who do you think benefitted the most from these tax cuts? Explain
Sunday, March 29, 2015
Week of March 31, 2015
Chapter questions are due this Thursday.
Chapter 16: The Federal Reserve and Monetary Policy
Please read the sections before you answer the questions assigned.
16(1)
1. Figure 16.1 (416), What percentage of bans are in the federal reserve system, and what percentage of bank deposits do they control?
2. Figure 16:2 (417) Identify the 12 Federal Reserve Bank cities.
3. What is the point of the fast fact (417)?
4. Answer questions 1-5 (odd/even) page 418
16(2)
1. Whose statue do you think is on the north side of the Dept. of Treasury( 420)?
2. Figure 16.3 (421) What role does the Fed have in cashing checks?
3. Figure 16.4 (423) What happens to the money demand when interest rates increase?
4. Answer questions 1-6 (423) odd/even.
Read the biography of Alan Greenspan (424) bullet three facts about his life. Answer question 2.
16(3)
1. Figure 16.5 (426) How do banks create money?
2. Figure 16.6 (427) What is the reserve ratio requirement?How can the Fed expand the money supply using this tool?
3. Figure 16.7 (428) What is the discount rate? How can the Fed expand the money supply using this tool?
4. Figure 16.8 (428) What are open market operations? How can the Fed expand the money supply using this tool?
5. Answer questions 1-8 (odd/even) page 429.
16(4)
1. Figure 16.10 (432) What are the effects of proper and improper timing of fed monetary
policies?
2. Answer questions 1-6 (odd/even) on page 434.
Chapter 16: The Federal Reserve and Monetary Policy
Please read the sections before you answer the questions assigned.
16(1)
1. Figure 16.1 (416), What percentage of bans are in the federal reserve system, and what percentage of bank deposits do they control?
2. Figure 16:2 (417) Identify the 12 Federal Reserve Bank cities.
3. What is the point of the fast fact (417)?
4. Answer questions 1-5 (odd/even) page 418
16(2)
1. Whose statue do you think is on the north side of the Dept. of Treasury( 420)?
2. Figure 16.3 (421) What role does the Fed have in cashing checks?
3. Figure 16.4 (423) What happens to the money demand when interest rates increase?
4. Answer questions 1-6 (423) odd/even.
Read the biography of Alan Greenspan (424) bullet three facts about his life. Answer question 2.
16(3)
1. Figure 16.5 (426) How do banks create money?
2. Figure 16.6 (427) What is the reserve ratio requirement?How can the Fed expand the money supply using this tool?
3. Figure 16.7 (428) What is the discount rate? How can the Fed expand the money supply using this tool?
4. Figure 16.8 (428) What are open market operations? How can the Fed expand the money supply using this tool?
5. Answer questions 1-8 (odd/even) page 429.
16(4)
1. Figure 16.10 (432) What are the effects of proper and improper timing of fed monetary
policies?
2. Answer questions 1-6 (odd/even) on page 434.
Saturday, March 14, 2015
Week of March 16, 2017
Happy St. Patrick's Week.
13(1) Unemployment
Answer Global connections question on page 335.
Questions 1-6 (odd/even) page 336
13(2) Inflation
What is a wage price spiral (page 342)?
Questions 1-6 (odd/even) page 343.
Read Oprah Winfrey (344)
Answer questions 1+2 (odd/even)
13(3) Poverty
Look at poverty rates by group ( 346) What race and gender has the highest and lowest rates of poverty.
What does the Lorenz curve (348) show?
Questions 1-8 (350) odd/even
Questions 1+2 on page 351.
13(1) Unemployment
Answer Global connections question on page 335.
Questions 1-6 (odd/even) page 336
13(2) Inflation
What is a wage price spiral (page 342)?
Questions 1-6 (odd/even) page 343.
Read Oprah Winfrey (344)
Answer questions 1+2 (odd/even)
13(3) Poverty
Look at poverty rates by group ( 346) What race and gender has the highest and lowest rates of poverty.
What does the Lorenz curve (348) show?
Questions 1-8 (350) odd/even
Questions 1+2 on page 351.
Sunday, February 22, 2015
Week of February 23, 2015
Due Thursday
Due Thursday
Chapter 12: Gross Domestic Product and
Growth
12 (1) p. 301 identify each of the
key terms in 7 words or less for each term.
Look at the chart on page 302. How
does expenditure approach differ from income approach?
List 3 facts about the underground economy
(p. 305)
Answer questions #1-7 on page 308
(odd/even)
12(2) p. 310 Identify the key terms
in 7 words or less for each term.
What does the graph on page 312 show
What does the Global connection on page
314 show the relationship between?
What does the green flag on page 316 show?
Answer questions 1-5 on page 316
(odd/even)
Answer questions #1+2 on page 317
12(3) Identify the key terms on page
318 in 7 words or less for each term.
How is capital deepening shown on the
chart on page 322?
How does the fast fact on page 323 explain
how innovations impact business efficiency?
Answer questions # 1-5 on page 324.
(odd/even)
Answer questions 1+ 2 on page 325.
Monday, November 24, 2014
Chapter 4 homework
Economics
Chapter 4 Name____________________________
Chapter
4 Demand, Why do you think the demand chapter precedes
the supply chapter? _____________________________________________________________________________
4(1) Group_______________________
4(2) Group
_____________________
4(3) Group
_____________________
Current Events
Group
________________________
4(1) Look at
picture on 79. Identify the Law of
Demand :
price down,
demand ______ ; price up, demand ____________
Read fast
fact (80) identify 3 of your rights as
an online shopper
a. _____________________________________________________________
b. ______________________________________________________________
c. _____________________________________________________________
4(2) Look at
the chart on p. 86. What is the
difference between a shift in the demand curve and a movement along a demand
curve?
__________________________________________________________________________________
Identify the
inferior good pictured on page 86. ____________________________________________
Look at the
picture (87) how did the expectations of a higher price effect demand?
____________________________________________________________________________________
Identify the
complementary goods pictured on page 88.______________________________________
Read the
economic profile on page 89., answer questions 1+ 2. OR #3.
______________________________________________________________________________________________________________________________________________________________________
4(3) What two entrepreneurial mistakes are
pictured on page 90?
______________________________________________________________________________________________________________________________________________________________________
What event
influence elections in India in 1998 (p.91)
Do you think a similar event could occur in the US? Explain
.______________________________________________________________________________________________________________________________________________________________________
Identify the
equation for determining elasticity of demand ( 92)
__________________________________________________________________________________
The
elasticity is different for the two products identified on p. 93. Why? __________________________________________________________________________________
How has car
advertising changed over time? Picture
on page 94.
______________________________________________________________________________________________________________________________________________________________________
Read the
table on page 95. Answer the question
_____________________________________________________________________________________________________________________________________________________________________
Read the
chart on page 96. What is the difference
in revenue with an item that has elastic demand and one that has inelastic
demand?
______________________________________________________________________________________________________________________________________________________________________
Read the
Case Study on page 97. Answer questions
1+2
_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Answer the
matching key terms #1-7
1.______ 2._____
3.____ 4._____ 5. _____ 6. _____ .7 _____
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