Guided Reading Activity Economic Systems Lesson 2 Our Economic Choices Study with Quizlet and memorize flashcards containing terms like What 2 groups are our economy made up of Factors of Production Land and more
1 10 Flashcards Learn Test Match Created by MinnieMonnie Terms in this set 10 Transform To change the natire of something Factors of production Productive resources needed to produce goods the four factors are land capitol labor and enterpreneirship Land 3 types traditional command and market traditional economy the use of scarce resources is based on ritual habit or custom advantage of traditional everyone knows what how and whom to produce disadvantage of traditional both new ideas and new ways of doing things are not encouraged command economy
Guided Reading Activity Economic Systems Lesson 2 Our Economic Choices
Guided Reading Activity Economic Systems Lesson 2 Our Economic Choices
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GUIDED READING AND REVIEW Mixed Economies Date A As You Read Directions As you read Section 4 answer each question Then apply your knowledge to the Guiding Question What are the characteristics of a mixed economy Main Idea Mixed economies are a blend of economic systems 1 Give three examples of things that the government
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Guided Reading Activity Economic Systems Lesson 2 Our Economic Choices
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Our Economic Choices Guided Reading Activity 1 Guided Reading Activity cont Economic Systems 4 What are the five consumer rights 5 Summarize the main ideas of this lesson by answering the question below How do the choices we make both producers and consumers help us deal with scarcity 2
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An economic system is a way of determining how to use 1 to satisfy people s wants and needs A nation must determine what 2 to produce and how to produce them After deciding what to produce a nation s 3 determines how the goods and services will be distributed among its people
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NAME DATE CLASS Guided Reading Activity What is Economics Lesson 2 Our Economic Choices Review Questions Directions Read each main idea Then complete the statements or answer the questions below Refer to your textbook as you write the answers A The Choices Producers Make Main Idea All producers use the factors of
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Guided Reading Activities provide you with resources to help students focus on the key infor mation and concepts in each chapter of Economics Today and Tomorrow The reproducible activities follow the outlines of each section in the chapter Answers to the Guided Reading Activity questions are in the back of the booklet
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View GR lesson 2 from ECON 111 at Glendale High School NAME DATE CLASS Guided Reading Activity What is Economics Lesson 2 Our Economic Choices Review Questions Directions Read each main idea
1 Who makes the decisions about WHAT goods to produce in North Korea Who decides in the United States How can the decisions affect the people living in those societies 2 What factors go into making a decision about HOW to produce the goods Explain why Japanese producers rely heavily on robots 3 Guided Reading Activity cont Economic Systems and Decision Making Summary and Reflection Directions Summarize the main ideas of this lesson by responding to the statement below Contrast two economies that transitioned to capitalism and explain what factors affected the ease of
Guided Reading Activity cont Economic Systems Summary and Reflection Directions Summarize the main ideas of this lesson by answering the questions below How does economic growth affect you Why does understanding economics matter to you 4 Guided Reading Activity Program Texas Economics Vendor SPi Global Component