The Basic Economic Problem

  1. Read Chapter 1: Do questions 1, 7, and 8 on page 14
  2. Read Chapter 2: Do questions 2,6,8,10,12, and 13 on page 37-39
  3. Read Chapter 6: Do questions 3, 4 and 5 on page 112

Vocab Review

 
  • Scarcity
    • Land
    • Labor
    • Capital
    • Entrepreneurship
  • Accounting Cost
  • Opportunity Cost
  • Production Possibilities Curve
  • Marginal Cost
  • Marginal Benefit
  • Capitalism
  • Command Economy
  • Traditional Economy
  • Comparative Advantage
  1. Morton Worksheets
    • Activities 1-11
  2. Video: John Stossel: Greed

Subject Page | Mr. Godoy's Page | ESA Home