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Tci Economic Systems Notebook Guide

Examine the two cartoons to see Who decides what consumers get. Rank the six Economic Goals from most important to least important. Create a table like the one below to represent each type of Economic System. List the seven key characteristics of the American free enterprise system.

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3K views2 pages

Tci Economic Systems Notebook Guide

Examine the two cartoons to see Who decides what consumers get. Rank the six Economic Goals from most important to least important. Create a table like the one below to represent each type of Economic System. List the seven key characteristics of the American free enterprise system.

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api-261761091
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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N o t e b o o k

G u i d e

Economic Systems

Who or what decides what you get?


S p e a k i n g

o f

E c o n o m i c s

As you complete the Reading Notes, use these


terms in your answers:
economic equity
economic system
traditional economy
command economy

market economy
factor payment
mixed economy
free enterprise system

Answer these questions about the cartoons.


Where are the people in each cartoon?
How would you describe each scene?
Who or what decides what consumers get in each
cartoon?
What advantages and disadvantages do you see
represented in each cartoon?
Which store would you prefer to shop in, and why?
R E A D I N G

P R E V I E W

Examine the two cartoons.

N O T E S

Section 2
1. For each of the three fundamental economic
questions, explain why it is important for society
to answer that question.

TCI/Scott Willis

TCI/Scott Willis

2. Rank the six economic goals from most important


to least important. Write a one- or two-sentence
justification of your rankings.

Teachers Curriculum Institute

Economic Systems

N o t e b o o k

G u i d e

Section 3

Section 5

Make a table like the one below in your notebook.


Create a simple symbol to represent each type of
economic system. Then record key features of that
system and which economic goals it emphasizes.

List the seven key characteristics of the American


free enterprise system. Write a sentence explaining
each characteristic. Also give one example of where
you have seen this characteristic in our economy.

Economic
System

Symbol

Key
Features

Economic
Goals

Traditional
economy
Ancient
command
economy
Market
economy
Modern
command
economy

Section 4
1. What are three roles of government in a mixed
economy? For each role, explain whether you view
this involvement as positive or negative, and why.
2. Create a spectrum like the one below. Choose four
or five countries that are discussed in the text, and
place them appropriately along your spectrum.
For each country, write a sentence justifying your
placement.

P R O C E S S I N G

You have been hired to write the lyrics to a song titled


Who or What Decides What You Get? Your song
should be sung to the tune of any popular or
well-known song. The lyrics must explain the
difference between a market economy and a
command economy. You may create one song
that includes information about both market and
command economies. Or you can create two versions
of the songone about market economies and one
about command economies.
Your song must
include at least four Speaking of Economics terms
from this chapter.
include at least one of the primary goals of each
type of economic system.
explain the role of government in each type of
economic system.
highlight at least two benefits and two drawbacks
of each economic system.

Free

Mostly free

Moderately free

Mostly unfree

Repressed
Teachers Curriculum Institute

Economic Systems

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