Monday- October 24th What is the definition of specialization and give one example of a specialized area for an individual.

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Presentation transcript:

Monday- October 24th What is the definition of specialization and give one example of a specialized area for an individual.

Tuesday- October 25th Fill the blanks: The market is the place where ______and ______ meet to exchange _______ and ______ for money.

Wednesday- October 26th What is the definition of a circular flow chart? Draw a small sample diagram of one with all the participants.

What role does money play in the market? Thursday- October 27th What role does money play in the market?

Friday- October 28th Review of Supply and Demand: An oil explosion reduces the amount of oil available to make gasoline for cars and trucks. What will happen to the price of gasoline and why?