Economics

Mrs. Real

HOMEWORK ASSIGNMENTS:  September 13-16, 2010

Homework due Tuesday, September 14

Study for quiz on Chapter 1

Bring your calculator to class on Tuesday (NOT for quiz!)

Homework due Wednesday, September 15

Economics in Our Times, 32-38 and Analyzing Primary Sources, 46.  Be sure to read 36-37.

Be prepared to answer:        p. 37, Questions 1, 2, & 4

           p. 46, Q’s 1 & 2

Terms to Know (see over)

Homework due Thursday, September 16

Economics in Our Times, 39-51

Terms to Know (see over)

Homework due Monday, September 20

Economics in Our Times, 51-53

View Reffonomics Circular Flow lesson at:

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

        STOP when you come to the slide labeled “Financial Institution in Circular Flow”

Terms to Know (see over)

CLASSROOM ALERT:  Report to the Library on Monday, September 20

QUIZ ALERT:  Quiz, Monday, September 27 on Chapter 2

 TERMS TO KNOW

Terms due Wednesday, September 15

How does free enterprise answer the three economic questions?

What are the five features of free enterprise?

private property

public property

incentive

profit

total revenue

total cost

loss

Terms due Thursday, September 16

entrepreneur

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

contract

public goods

private goods

free riders

Terms due Monday, September 20

circular flow of economic activity

household