3/4/16. BR – What money payments do people give to the government (p

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3/4/16. BR – What money payments do people give to the government (p 3/4/16 BR – What money payments do people give to the government (p.39) - Hand in books at the end of class. Today: What factors drive (and are driven by) economics choices we make? In the economy, what are the relationships between households, businesses, and government?

Simulation Reflection How did I go? Did you achieve your goals? Why did you achieve success (or not so much..) What would you do differently? Examine the circular flow model on visual 10.1 – Explain how households and businesses are interdependent. How did our game and the circular flow model relate to each other? Examine activity 10.5 and complete the questions.

Two Sector Market

3 Sector Market

4 Sector Market

Assignment – For Monday Create a diagram for each type of sector market. Use yourself for the household and include actual products or resources. For each diagram explain how you would function differently or your opportunities would be different. Extra Credit: Do you see examples of this type of market sector happening on smaller scales (in school, this room..) How might a 5 sector market be created?