Economics

Homework due Thursday, August 27

Economics in Our Times, pp 32-38, 46.  (Be sure to read pp 36-37, “Economics and People”)

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