Dec. 9, 2013

F.O.A. (Bellwork)When the economy has a downturn a

country is experiencing a(n) __________.Tariffs b. Recession

c. Inflation d. Depression

A drastic decline in a country’s economy when businesses fail and unemployment is high is __________.Tariffs b. Recession

c. Inflation d. Depression

Essential QuestionsHow do you interpret economic issues using

maps, tables, diagrams, and charts?(7.2.4)What are the basic economic concepts?(7.2.1)

TodayGo over skill checkWhiteboardMake notecardsAnnounce project

AnnouncementTomorrow we’ll have a quiz over economic

stuff that you saw on the skill check.I’ll take the highest grade from the skill

check and quiz.

Name an example of a primary industryA) Sell the manufactured goodB Provide the raw material or natural

resourceC) Have specialized skills and research about

the manufactured productD) Manufacture the raw material or natural

resource

Name an example of a secondary resourceA) Sell the manufactured goodB) Provide the raw material or natural

resourceC) Have specialized skills and research about

the manufactured productD) Manufacture the raw material or natural

resource

Name an example of a quaternary industryA) Sell the manufactured goodB) Provide the raw material or natural

resourceC) Have specialized skills and research about

the manufactured productD) Manufacture the raw material or natural

resource

Fees or taxes charged when goods enter a country are calledA) TariffsB) RecessionC) InflationD) Depression

When the economy has a downturn a country is experiencing a(n)A) TariffsB) RecessionC) InflationD) Depression

A drastic decline in a countries economy when businesses fail and unemployment is high is

A) TariffsB) RecessionC) InflationD) Depression

Government controls everythingA) DemocracyB) CommunismC) Monarchy

People vote in electionsA) DemocracyB) CommunismC) Monarchy

Queen or KingA) DemocracyB) CommunismC) Monarchy

TermsTertiary industryPrimary industrySecondary industryQuaternary industryCommand economyMarket economyDepressionRecession

DirectionsDivide your paper into eight squaresOn the front, write the term and a picture

that goes with it.On the back, write the definition and an

example.