The United States – A Mixed Economy SOL 11c Page 73 What do you get if you cross a crocodile with a flower? I don't know, but I'm not going to smell it!

Standard: 11c Essential Understandings: The U.S. economy is primarily a free market economy; but because there is some government involvement, it is characterized as a mixed economy. Government intervenes in a market economy when the perceived benefits of a government policy outweigh the anticipated costs. Essential Questions: What are the essential characteristics of the U.S. economy? Vocabulary: supply and demand, profit, competition, consumer sovereignty

Candy Questions

Which amendment to the U. S Which amendment to the U.S. Constitution protects you from the federal government violating your due process rights?

At what point in a criminal case does the defendant enter a plea?

What court case established the principle of judicial review?

Which federal court is where you would get a trial by jury for a federal felony?

What term means seeking to influence legislators to introduce, vote, or vote against a bill?

How do government officials use the media?

What is the name of a document that contains powers of a city or town?

Who signs state bills into law?

Powers not specifically given to the federal government in the Constitution are reserved for the __________.

Which hat is the President wearing if he visits Asia?

Stay tuned for the following commercial:

https://www.youtube.com/watch?v=eWIoYSurSrw

The United States economy is primarily a free market economy; but because there is some government involvement it is characterized as a mixed economy. Government intervenes in a market economy when the perceived benefits of a government policy outweigh the anticipated costs.

Stay tuned for the following commercial.

https://www.youtube.com/watch?v=bWGK-V_93Qk

Characteristics of the U.S. Economy Markets are generally allowed to operate without undue interference from the government. Prices are determined by supply and demand as individual buyers and sellers interact in the marketplace.

Characteristics of the U.S. Economy Markets are generally allowed to operate without undue interference from the government. Prices are determined by supply and demand as individual buyers and sellers interact in the marketplace. Private property-individuals and businesses have the right to own real or personal property as well as the means of production without undue interference from the government.

https://www.youtube.com/watch?v=NwzaxUF0k18

Characteristics of the U.S. Economy Markets are generally allowed to operate without undue interference from the government. Prices are determined by supply and demand as individual buyers and sellers interact in the marketplace. Private property-individuals and businesses have the right to own real or personal property as well as the means of production without undue interference from the government. Profit – consists of earnings after all expenses have been paid.

Characteristics of the U.S. Economy Markets are generally allowed to operate without undue interference from the government. Prices are determined by supply and demand as individual buyers and sellers interact in the marketplace. Private property-individuals and businesses have the right to own real or personal property as well as the means of production without undue interference from the government. Profit – consists of earnings after all expenses have been paid. Competition – rivalry between producers/sellers of a good or service results in better quality goods and services at a lower price.

Consumer sovereignty – Consumers determine through purchases, what goods and services will be produced.

Government involvement in the economy is limited Government involvement in the economy is limited. Most decisions are made in the private sector.

On the left side of your notebook, draw an American flag On the left side of your notebook, draw an American flag. On each of the thirteen stripes, write a fact about the U.S. Four of these facts should be about the U.S. economy.