Dec. 9, 2013

F.O.A. (Bellwork) When the economy has a downturn a country is experiencing a(n) __________. Tariffsb. Recessionc. Inflation d. Depression A drastic decline in a country’s economy when businesses fail and unemployment is high is __________. Tariffsb. Recessionc. Inflation d. Depression

Essential Questions How do you interpret economic issues using maps, tables, diagrams, and charts?(7.2.4) What are the basic economic concepts?(7.2.1)

Today Go over skill check Whiteboard Make notecards Announce project

Announcement Tomorrow we’ll have a quiz over economic stuff that you saw on the skill check. I’ll take the highest grade from the skill check and quiz.

Name an example of a primary industry A) Sell the manufactured good B Provide the raw material or natural resource C) Have specialized skills and research about the manufactured product D) Manufacture the raw material or natural resource

Name an example of a secondary resource A) Sell the manufactured good B) Provide the raw material or natural resource C) Have specialized skills and research about the manufactured product D) Manufacture the raw material or natural resource

Name an example of a quaternary industry A) Sell the manufactured good B) Provide the raw material or natural resource C) Have specialized skills and research about the manufactured product D) Manufacture the raw material or natural resource

Fees or taxes charged when goods enter a country are called A) Tariffs B) Recession C) Inflation D) Depression

When the economy has a downturn a country is experiencing a(n) A) Tariffs B) Recession C) Inflation D) Depression

A drastic decline in a countries economy when businesses fail and unemployment is high is A) Tariffs B) Recession C) Inflation D) Depression

Government controls everything A) Democracy B) Communism C) Monarchy

People vote in elections A) Democracy B) Communism C) Monarchy

Queen or King A) Democracy B) Communism C) Monarchy

Terms Tertiary industry Primary industry Secondary industry Quaternary industry Command economy Market economy Depression Recession

Directions Divide your paper into eight squares On the front, write the term and a picture that goes with it. On the back, write the definition and an example.