Economics

Homework due Monday, September 13

Economics in Our Times, pp 21-23

Terms to Know: be prepared to define the terms if you are called on.
the three economic questions
economic system
free enterprise
economic plan
income distribution
mixed economies

Economics Online:

Go to http://reffonomics.com/TRB/INPROGRESS/index12.html

Under the heading Introduction to Economics Unit, find 1st Edition 2002

Click on Economic Systems

Click through the slide show by clicking on the right arrow on each slide

Read articles:

“Russia to Sell Assets, But Maintain Control”
“Stalin’s Harvest”

Based on the above articles, be prepared to answer the following questions:

Using the terms in the Reffonomics lesson, what label most closely describes the Russian
economy: Market, Command, Traditional, or Mixed?

To what extent is the Russian economy still a command economy?

Weekly Homework Assignments