Thursday, January 28, 2016

2.4: Mixed Economies

Chapter 2 Section 4: Mixed Economies

Assignment:
  • What are the characteristics of a mixed economy? (p.39): Chart
  • Graph Skills (p.40): #1 & 2
  • Checkpoint (p.40): What is one reason the government plays a role in the economy?
  • How does the Circular Flow of a Mixed Economy (p.40) differ from the the Circular Flow Model of a Market Economy?  Why?
  • Graph Skills (p.41): #1 & 2
  • Checkpoint (p.41): How are governments involved in the product market?
  • Applying Economic Principles (p.42): How does the debate over helmet laws represent a conflict between different goals?  Which goal do you think should be given a higher priority?
  • Checkpoint (p.43): Why is China's economy more mixed than North Korea's?
  • Economics & You (p.43): List two other goods or services that are affected by legal restrictions.
  • Checkpoint (p.44): Why is the United States said to have a free enterprise system?
  • Section 4 Assessment (p.44): #1, 3, 4, 5, 7, 10
  1. What problems does the FDA try to prevent?
  2. What laws does the FDA enforce?
  3. How does the FDA limit the market for medicines?


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