What are the three Economic Questions? Students will compare the major economic systems in the world and examine their ability to provide citizens with.
Answering the Three Economic Questions What key economic questions must every society answer? What basic economic goals do societies have? What types of.
Chapter 2SectionMain Menu The Free Market What key economic questions must every society answer? Why markets exist? Analyze a circular flow model of a.
The 7 Goals of an Economy 1. Economic efficiency- 1. Economic efficiency- Making the most of your resources, an economy that can’t deliver goods isn’t.
Chapter 2 Economic Systems. Answering the Three Economic Questions What key economic questions must every society answer? What basic economic goals do.
“Give me that which I want, and you shall have this which you want, is the meaning of every such offer… It is not from the benevolence of the butcher,
Free Market Economy Homework pg. 38 1 to 4 Pop Quiz Today Since light travels faster than sound, some people appear bright until you hear them speak.
The Free Market Name: Date: Define Key Terms (page 28) 1) 2) 3)
Economic Systems Unit 2 What is an economic system? The method used by a society to produce and distribute goods and services.
Chapter 2 – Economic Systems Section 1: 3 Economic Questions Section 1: 3 Economic Questions Section 1: Section 1: Section 2: Market Economy Section 2: