3/1 The Official "Pander to your Teacher" day

Step 1 - look up what pander means.

Quotables:
People want economy and they will pay any price to get it.
Lee Iacocca

This, I believe, in reference to the Iconic K-Car design Iaccoca presided over during his tenure as CEO of Chrysler.

1/ A Lesson in Economics

2/ Read and do

Economic System Match-Up

Match the following examples with the correct pure economic system – Traditional (T), Market (M), or Command (C).

_____ 1. Prices are set by the government.

_____ 2. Based on customs.

_____ 3. No government involvement.

_____ 4. The consumers answer the three basic economic questions.

_____ 5. Amish community.

_____ 6. Customers decide what should be produced.

_____ 7. Businesses decide how products will be produced.

_____ 8. Government leaders decide what should be produced.

_____ 9. Based on traditions.

_____ 10. Indian Reservations.

_____ 11. The government decides who will receive the products.

3/ Find the top 5 GDP's in the world. (internet...go play)

4/ 3.05 - overlay of the BLC and Laws of Supply and Demand - Revisited