DWU #1 Should the government provide its’ citizens with a free education? Should the government give you free food? Free house? Free college? What should.

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Presentation transcript:

DWU #1 Should the government provide its’ citizens with a free education? Should the government give you free food? Free house? Free college? What should the government provide for its’ citizens? Explain.

DWU #2 What are the four factors of production? Why are they important? Explain each one in detail. How does it relate to the PPC curve?

DWU#3 For each economic system, explain who owns the factors of production (human, natural, capital resources)? Capitalism – Communism – Socialism – Explain each system using examples.

DWU #4 What would happen to your demand if the price of everything dropped significantly. Explain using an example. What would happen to your demand if the price of everything went up significantly. Explain using an example. What is the relationship between price and demand?