Economics

Homework due Tuesday, September 2

Economics in Our Times, pp 44-45, 47-48, 50-51

Learning Check p. 51, #1, 3, & 4

Terms

contract

public goods

private goods

free riders

Economics

Homework due Friday, August 29

Economics in Our Times, pp 39-44

Learning Check p. 44, # 2 & 3:  write answers on a separate sheet of paper

Terms

entrepreneur

In free enterprise theory, what are the roles of government in the economy?

Economics

Homework due Thursday, August 28

Economics in Our Times, pp 32-38, 46

Write answers to the following questions.  Will be collected and graded.

            p. 37, Q’s 1, 2, & 4

            p. 46, Q’s 1 & 2

Terms: 

            Private property

            Public property

            Incentive

            Profit

            Total revenue

            Total cost

            Loss

Economics

Homework due Tuesday, August 26

Economics in Our Times, Chapter 1 Review p. 27

            Read Chapter Summary

             On a separate sheet of paper, write answers to Build Your Economic Vocabulary, #1-8

Complete Reteaching Economics 1

Economics

Homework due Monday, August 25

Economics in Our Times, pp 20-23

Terms

            Economic system

            Free enterprise

            Socialism

            Economic plan

            Income distribution

            Mixed economies

Read the following three handout articles and complete the Study Questions

         “Pride and Power”

         “A Business Martyr in Putin’s Russia”

         “Russia to Sell Assets, But Maintain Control”

Economics

Homework due Friday, August 22

Economics in Our Times, pp 17-20

Terms (MUST be written; will be checked)

            Land

            Labor

            Capital

            Entrepreneurship

Learning Check p. 20, 1-10 (Write the answers on a separate sheet of paper.)

Economics

Homework due Wednesday, August 20

Economics in Our Times, pp 2-8. 

            COVER BOOK AND BRING TO CLASS                        Will be checked on Thursday

            COMPLETE THE BOOK DAMAGE REPORT

Terms:  Be prepared to define the terms if you are called on.

            Opportunity cost

            Global economy

            Microeconomics

            Macroeconomics

Learning Check p. 9, #1, 2, 3 (Write the answers on a separate sheet of paper.)