1. Closer # 6 Concerning your favorite product mentioned in the Starter….
What is the highest price that you would pay for that item?
Explain how your tastes may change over time.

2. Starter # 7
Going back to the ideas of socialism vs laissez faire and the idea of scarcity…
Describe what problems might arise from a state of “pure capitalism”.

3. Starter # 6 How do you determine the value of something?
Really think about this How do you put a price? Discuss all the factors and calculations you might think of to determine whether something is valuable or not.

4. Closer # 6
Is it innately human (animal) to cheat?

5. Starter # 7
Imagine in the near future that a massive earthquake happens. What types of things should be in earthquake survival kit? Why?

6. Closer # 7 The black market is all around us.
Why is the “black market” bad for the economy? OR
Is it a necessary evil?

7. Starter # 8 DO you have a ghost story? Tell it.
Why do you think that people want to believe in ghosts?

8. Closer # 8
Adam Smith stated that the economy is controlled by an “invisible hand”.
What does that mean to you?

9. Starter # 9
Is bad for the economy?
Why or why not?

10. Closer # 9 What is more important…the economy…
or the environment? Why?
Most Americans agree that the Economy should always take precedence over the environment

11. Starter # 10/ Closer # 10
Adam Smith said that economics is controlled by an “invisible hand”. What did he mean by this? Using your knowledge of economics; explain why you can predict economic upturns and downturns but never really know what will happen.