Econ: PPF and Circular Flow Review



This circular flow model shows a mixed economy with three participants: households, businesses, and government. A government enters the flow of money and products when it purchases land, labor, and capital from households in the resource market. A government also purchases goods and services from businesses in the product market. Government also combines land, labor, and capital to produce goods and services. In a mixed economy, government collects taxes from both households and businesses. It uses some of this money to pay for the goods and services it buys from businesses. Government may also transfer some money back to households as payment for government benefits or transfer payments.

Arrows-02-june

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Econ: Chapter Review


 

 

Chapter Review

 

 

 

economic questions: what, how, for whom; economic systems: traditional economy, command economy, market economy, mixed economy, socialism, communism, capitalism, free enterprise; circular flow: households, businesses, government, resource market, land, labor, capital, entrepreneurship, costs, income, wages, rent, interest, profit, product market, goods and services, consumption, revenue, public goods and services, taxes, transfer payments, subsidies, government spending

Arrows-02-june

HGov: Chapter Review


 

 

Chapter Review

 

voter participation, civic duty, voter apathy, voter alienation, voter registration, suffrage, voter turnout, prospective voting, retrospective voting, political participation, social capital, lobbying, social movements

Misc-05-june

HGov: Chapter Review


kahoot1

 

 

Chapter 6 Review

 

 


 

 

Civic Participation

 

 

Craig Kielburger set out to change the world as a wide-eyed, 12-year-old full of hope and vigor. Kielburger knows now there are some things you can’t change, but that hasn’t dampened his spirit or his commitment to Free the Children, the charity he founded in his parent’s living room. Kielburger’s charity is now in 45 countries and takes in $30 million per year. It’s the largest organization of children helping children in the world. It all began in the 1990s when he read about a boy in Pakistan who was killed for trying to stop child labor. He knew he had to do something about it. So, he went to Asia, and with the help of activists and government officials, helped shut down sweatshops and brothels manned by children

Misc-05-june

Econ: Chapter Review



Review: economics, scarcity, resources, factors of production, land, labor, capital, entrepreneurship, decision making, cost-benefit analysis, tradeoffs, opportunity cost, production possibilities frontier, production possibilities curve, increasing opportunity cost, constant opportunity cost

Arrows-02-june

Econ: Chapter 2 Review



Review: opportunity cost, production possibilities frontier, production possibilities curve, constant opportunity cost, increasing opportunity cost, attainable production levels, inefficient production levels, unattainable production levels, resources, technology, shifters of PPC.

Arrows-02-june

HGov: Chapter Review


kahoot-game
Review: government, political power, expertise, coercion, rewards, persuasion, formal authority, mandate of heaven, divine right of kings, social-contract theory, monarchy, dictatorship, theocracy, single-party state, direct democracy, parliamentary democracy, presidential democracy, unitary system, federal system, confederal system, traditional economy, market economy, command economy, mixed economy.


Homework
Read Chapter 6.1 & 6.2 pages 183-195

Misc-05-june