1. Economic Goals

2. 1. Economic Freedom --People can choose their
occupation, employer & uses
of their money

3. 2. Economic Efficiency --Use the factors of production wisely
--i.e.—do not waste resources

4. 3. Economic Equity -- = pay for = work --have a larger middle class
--illegal to discriminate based on:
-- = pay for = work
1. age
2. gender
3. race
4. religion
5. disability

6. 4. Economic Security --protection against illness insurance --layoffs
Unemployment comp
--retirement
social security &
Medicare

7. 5. Full Employment --everyone that wants a job should
have one to earn an income
What do we consider full
employment?
5% unemployment

8. 6. Price Stability --having stable prices makes it easier to budget
--inflation-a rise in the general level
of prices
--fixed income-income that does
not increase even though prices do

9. 7. Economic Growth --needed so people can have more goods & services
--increase in GDP
--the “American Dream”

10. 8. Balance of Trade
--we would like to export more

11. Assignment You are going to write the Kahoot It questions for review.
You must write 6 multiple choice questions on either the economic systems and/or the goals of the US. You must include answer choices ABC and D.