Chapter 3: Section 2 and 3

Chapter 3 Section 2: Promoting Growth and Stability

• Guiding Questions (p.56): Chart
• Graph Skills (p.57): #1 & 2
• Checkpoint (p.57): Why do government experts track the business cycle?
• Checkpoint (p.58): What three goals does the government try to meet when promoting economic strength?
• Explain "obsolescence" using a real world example [other than telephones].  
• Business by the Bootstraps (p.60): Applying Economic Principles
• Checkpoint (p.61): How does improved technology help the economy?
• Section 2 Assessment (p.61): #1, 4, 5, 6, 7, 9, 10, 11

Chapter 3 Section 3: Providing Public Goods

Assignment:

• How are Public Goods Created? (pp.64-65): #1 & 2
• Checkpoint (p.64): What two criteria must be present for a public good?
• Checkpoint (p.65): Why are public goods examples of market failure?
• Graph Skills (p.66): #1 & 2
• Checkpoint (p.67): What does the government do in response to negative externalities?
• Poster Analysis (p.67): How does this poster deal with a negative externality of being a consumer?
• Section 3 Assessment (p.67): #2, 3, 4, 5, 6, 8, 9