Ch. 7-8 Test is Thursday, March 7th (Warm-ups due on test day)

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Presentation transcript:

Ch. 7-8 Test is Thursday, March 7th (Warm-ups due on test day) ECONOMICS: February 28 Economics Learning Target #1 In order to understand market structures, I will analyze different types of market structures. I will know I have it when, given an industry, I can apply two of the four characteristics of market structures to explain the market structure in which it operates. --Market Structures Gallery Walk (HO) Economics Learning Target #2 In order to understand market failures, I will analyze how resources may be misallocated and how the government can direct the allocation of resources. I will know I have it when I can explain how: (1) activity in the marketplace creates negative spillovers (externalities); (2) activity in the marketplace creates positive spillovers (externalities); and (3) how the government can attempt to address spillover by regulating the marketplace using zoning laws. --Market Structures Wrap-up (HO) Answer the following in your warm-ups (using textbook) Copy the top and bottom pie chart from p. 213. Why do you think sole proprietorships compose the largest number of business organizations but have the smallest percentage of profits? Assignment Read Ch. 8, Sect. 1 Ch. 7-8 Test is Thursday, March 7th (Warm-ups due on test day)