Chapter 16
Chapter 2
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Produced by the Southern Center for International Studies © 2008 Southern Center for International Studies East Asia in Transition.
Bell Work, Tues. 5/19 What does President Obama’s executive order prohibit? What is the name of the first warm-blooded fish? What does Robert Lee’s organization.
Economic Systems. Review Because all societies face scarcity, decisions concerning WHAT, HOW, AND FOR WHOM to produce must be made. All societies have.
Economic Systems The way a group of people produce and distribute goods and services.
Unit 2. The ____ is the difference between the value of a nation’s exports and its imports. a.trade surplus b.balance of trade c.exchange rate.
What is Economics? Lesson 1 Essential Questions: Why and how do people make economic choices? How do economic systems influence societies? It Matters.
Capitalism and Free Enterprise. Features of Capitalism The U.S. economy is built on capitalism and free enterprise. Capitalism is an economic system in.
GHSGT Review Economics. Unit 1 – Fundamental Concepts of Economics.
Warm-up- Honors Journal Activity 1. What are the 4 factors of production used to make goods and services? 2. How does the interaction of supply and demand.
