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