Today, you worked independently on a reading in Ideologies. See below for the questions. If you were not here, then you do not have the reading; HOWEVER... ALL of the answers can be found doing a web search. In addition, read pages 278 to 298 (private Enterprise) in the same text for Monday. Keep in mind that there may be a quiz with ANY reading I assign. This one is no exception.
Chapter 6 Ideologies Questions (pages 263 – 277)
INSTRUCTIONS: Read and then answer the following questions.
What is Economics?
What is Scarcity? Explain.
What are the three economic questions must every society answer ?
What are the three broad categories used to organize world economies?
What is a mixed economy?
Comparing Countries’ Economies
Define the following as it relates with economics:
Productivity
Efficiency
The Gross National Product (GNP)
The GNP per capita
The Gross Domestic Product
standard of living.
What are the three categories of development that world economies are divided into?
What does the The United Nations consider when measuring the quality of life in a country?
Interdependence:
Multinational corporations
Information age
What is OPEC? How dependent are we on oil?
Who was Milton Friedman? (8 important things about the man, his beliefs or his life)
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