2. Copyright Information Presentation Plus! Economics: Today and Tomorrow Copyright © by The McGraw-Hill Companies, Inc. Developed by FSCreations, Inc., Cincinnati, Ohio 45202 Send all inquiries to: GLENCOE DIVISION Glencoe/McGraw-Hill 8787 Orion Place Columbus, Ohio 43240

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4. 3 Contents CHAPTER FOCUS SECTION 1Shopping for Food SECTION 2Clothing Choices SECTION 3To Rent or to Buy SECTION 4Buying and Operating a Vehicle CHAPTER SUMMARY CHAPTER ASSESSMENT Click a hyperlink to go to the corresponding section. Press the ESC key at any time to exit the presentation.

5. 4 Chapter Focus 1 Why It’s Important What are the costs of owning a car? How much should you budget for clothes and food? Should you rent or buy a house? This chapter will help you learn to shop wisely for the necessities. Click the Speaker button to listen to Why It’s Important.

6. 5 Chapter Focus 2 Chapter Overview Chapter 5 explains the value of comparison shopping for food, how to obtain the best value in clothing, the advantages and disadvantages of buying or renting a home, and the costs of buying a vehicle.

7. End of Chapter Focus Click the mouse button to return to the Contents slide.

8. 7 Section 1-1 Reader’s Guide Section Overview Section 1 explains or describes the basic principles of comparison shopping for food; the differences among brand-name, generic, and private-labeled products; and the trade-off among price, quality, and quantity in shopping for food.  Objectives –What are the advantages and disadvantages of shopping at club warehouse stores? –What are the advantages of comparison food shopping?  Click the mouse button or press the Space Bar to display the information. Section 1 begins on page 111 of your textbook.

9. 8 Terms to Know –convenience store  –private-labeled products –club warehouse store  Section 1-2 Reader’s Guide (cont.) Click the Speaker button to listen to the Cover Story. Click the mouse button or press the Space Bar to display the information. Section 1 begins on page 111 of your textbook.

10. 9 Section 1-3 Americans consume a great variety of foods.  Introduction They can choose from thousands of different food products and buy them at thousands of stores.  American consumers spend hundreds of billions of dollars a year on food.  In this section, you’ll learn how to get the most from your food dollars.

11. 10 Section 1-3 Swanson and Sons introduced the frozen TV dinner in 1954. It was packaged in a box that looked like a television.  Lecture Launcher In 1954, to what would you have “compared” the first Swanson TV dinners?  What would you compare a Swanson TV dinner to today?

12. 11 Section 1-4 Click the mouse button or press the Space Bar to display the information. Comparison Shopping Involves making comparisons to help decide what to shop for and where to shop  Only comparison shop as necessary by weighing time and transportation costs.  Advertisements and coupons can help save time and money.

13. 12 Section 1-Assessment 1 Discussion Question What are some things a person can do to save time before shopping? Make a list, compare prices through advertisements and newspapers, and clip coupons. Click the mouse button or press the Space Bar to display the answer.

14. 13 Section 1-6 Click the mouse button or press the Space Bar to display the information. Trade-Offs in Food Stores Club warehouse stores generally offer the lowest prices, but their items are only sold in large quantities.  Convenience stores carry few items, have highest prices, but are open more hours.  Brand names are well known nationally or regionally.

15. 14 Section 1-6 Click the mouse button or press the Space Bar to display the information. Trade-Offs in Food Stores Some supermarkets or wholesale stores have their own brand names known as private labels or store brands.  Generic products have no brand name.

16. 15 Section 1-Assessment 1 Discussion Question Who benefits the most from shopping at warehouse stores? People with large families or who cook for large numbers of people. Also, people who prefer to make fewer shopping trips on a monthly basis may benefit most from warehouse shopping. Click the mouse button or press the Space Bar to display the answer.

17. 16 Section 1-Assessment 1 Section Assessment What are the advantages of comparison food shopping? Comparison shopping gives consumers more groceries or better quality for their money. Click the mouse button or press the Space Bar to display the answer.

18. 17 Section 1-Assessment 2 Section Assessment (cont.) Click the mouse button or press the Space Bar to display the answer. Making Comparisons List your five favorite foods. Then visit five different food stores, or scan food advertisements in newspapers or on television commercials, and compare the prices of your listed items at each store. Explain why you think the stores had similar or different prices for each item. Answers will vary.

19. 18 Section 1-Assessment 4 Write a brief paragraph explaining the importance of using a decision- making process when purchasing food. Section Close

20. End of Section 1 Click the mouse button to return to the Contents slide.

21. 20 Section 2-1 Reader’s Guide Click the mouse button or press the Space Bar to display the information. Section 2 begins on page 117 of your textbook. Section Overview Section 2 describes three factors that determine clothing value and explains when consumers should take advantage of clothing sales.  Objectives –When should you take advantage of clothing sales? –What three factors determine clothing value? 

22. 21 Section 2-2 Reader’s Guide (cont.) Click the Speaker button to listen to the Cover Story. Click the mouse button or press the Space Bar to display the information. Section 2 begins on page 117 of your textbook. Terms to Know –durability  –service flow

23. 22 Section 2-3 Americans spend about $400 billion annually on clothing and other personal products.  Introduction Most people could save considerable income by purchasing only a few very durable pieces of clothing.  The clothes, however, would not serve another purpose-variety.  In this section, you’ll learn that variety, for Americans, is typically the motivating factor involved in clothing choice.

24. 23 Section 2-3 Waist overalls was the term used in the mid-1800s for the newly created denim pants that became so popular as work pants. Today, jeans (a word that wasn’t used for another hundred years) are more popular than ever.  Lecture Launcher Why has this style of dress endured for so many years?

25. 24 Section 2-4 Click the mouse button or press the Space Bar to display the information. Comparing Clothing Value Buying current styles, which tend to change each year, can be expensive because new clothes must be bought annually.  Buying classic styles, which are more basic and do not change as much, will help your clothes last longer, saving money.  Durability is how well something lasts over time.

26. 25 Section 2-4 Click the mouse button or press the Space Bar to display the information. Comparing Clothing Value Service flow is the amount of time you get to use the product and the value you place on that use  Factor in the cost of care involved in clothing that must be hand washed or dry cleaned versus machine washable.

27. 26 Section 2-Assessment 1 Discussion Question Click the mouse button or press the Space Bar to display the answer. How can the cleaning method affect the service flow of a piece of clothing? The cleaning method can reduce the amount of time the clothing is available to be worn. For example, if it has to be dry cleaned, then it is unusable when at the cleaners or waiting to go to the cleaners. If it has to be hand washed and you don’t have time to wash it, it won’t be usable.

28. 27 Section 2-8 Click the mouse button or press the Space Bar to display the information. More for Less Clothing costs have decreased significantly over time.  Clothing sales generally happen at the end of the season.  Bargain fanatics buy items just because they are on sale.  If you buy an unnecessary item because it’s on sale, you may not be saving money at all.

29. 28 Section 2-Assessment 1 Discussion Question Click the mouse button or press the Space Bar to display the answer. What types of styles are more likely to go on sale and why? Current styles are more likely to go on sale because the retailer doesn’t want to keep those items until next year when they won’t be in style anymore.

30. 29 Section 2-Assessment 1 Section Assessment Click the mouse button or press the Space Bar to display the answer. When should you take advantage of clothing sales? You should take advantage of sales after you have determined your needs and realistic wants.

31. 30 Section 2-Assessment 2 Section Assessment (cont.) Click the mouse button or press the Space Bar to display the answer. Synthesizing Information A store advertises jeans at 33 percent off the original price of $37. What is the sale price? The sale price is $24.79.

32. 31 Section 2-Assessment 4 As a class, discuss how the information in this section might help you make wiser clothing- purchase decisions. Section Close

33. End of Section 2 Click the mouse button to return to the Contents slide.

34. 33 Section 3-1 Click the mouse button or press the Space Bar to display the information. Section 3 begins on page 121 of your textbook. Reader’s Guide Section Overview Section 3 explains or describes the pros and cons of renting or buying a home and the rights and responsibilities of renters.  Objectives –What are the rights and responsibilities of renters? –What three rules should determine how much you spend for a house? 

35. 34 Section 3-2 Click the Speaker button to listen to the Cover Story. Click the mouse button or press the Space Bar to display the information. Section 3 begins on page 121 of your textbook. Reader’s Guide (cont.) Terms to Know –points  –lease  –security deposit –closing costs 

36. 35 Section 3-3 Some people will save for years in order to buy a small house. Others take out huge mortgages to purchase large homes.  Introduction Still others are content to rent a house, condo or apartment most of their lives.  In this section, you’ll learn about renting versus buying.  Wise consumers should consider both when deciding whether to buy or to rent housing.

37. 36 Section 3-3 In 1997, American spent around $119 billion on home improvements. In the year 2005, it is predicted they will spend $180 billion on home improvements.  Lecture Launcher What kind of improvements might add to the value of your home?

38. 37 Section 3-4 Click the mouse button or press the Space Bar to display the information. How Much Should You Spend? Avoid spending more than you can afford.  You will need the cash down payment and closing costs.  Be aware of points or fees paid to the lender.

39. 38 Section 3-Assessment 1 Discussion Question Click the mouse button or press the Space Bar to display the answer. Why should people plan ahead and research when spending large sums of money? People should be informed decision makers at all times, but especially when investing or spending large amounts of money to avoid hidden costs and high debt.

40. 39 Section 3-4 Click the mouse button or press the Space Bar to display the information. Financing the Purchase of a House Many different types of mortgages and financing packages are available.  Mortgages involve down payments and interest.  Mortgages are paid in monthly installments.  Property tax, homeowners insurance, and mortgage insurance are often included.

41. 40 Section 3-Assessment 1 Discussion Question Click the mouse button or press the Space Bar to display the answer. When do you think it would be better to get a fixed rate or adjustable rate mortgage? A fixed rate might be better when interest rates are very low. An adjustable rate might be better if interest rates are high and you expect them to go down in the next few years.

42. 41 Section 3-4 Click the mouse button or press the Space Bar to display the information. Renter Rights and Responsibilities Renters usually sign a lease.  Be aware of the clauses in your lease; read it carefully.  Tenants have a right to use the property for the purpose stated in the lease, and a right to privacy.  Tenants must pay rent on time, take care of property, and notify landlord if major repairs needed.

43. 42 Section 3-4 Click the mouse button or press the Space Bar to display the information. Renter Rights and Responsibilities Some tenants must place a refundable security deposit in case of damaged property or unpaid rent.  Tenants must give written notice if leaving prior to lease’s end, which can result in fees and fines for breaking the lease.  Landlords must provide minimum services and obey building and safety laws.  Rent-control laws limit the amount a landlord can charge in rent.

44. 43 Section 3-Assessment 1 Discussion Question Click the mouse button or press the Space Bar to display the answer. Would you want to rent your home? Why or why not? Possible response: Yes, it would be cheaper and I wouldn’t have to make major repairs. No, I wouldn’t want someone else to tell me what I could do in my home or have to get permission to do things like paint the walls.

45. 44 Section 3-Assessment 1 Section Assessment Click the mouse button or press the Space Bar to display the answer. What three rules should determine how much you spend on a house? The purchase price should be no more than twice the consumer’s annual income. The mortgage payment should be less than one- third of the consumer’s monthly take- home pay. The loan amount should be 95 percent or less of the value of the house.

46. 45 Section 3-Assessment 2 Section Assessment (cont.) Click the mouse button or press the Space Bar to display the answer. Synthesizing Information Imagine you are applying for a mortgage. The monthly mortgage payment will be $800, whereas your monthly take-home income is $1,800. According to Figure 5.8 on page 123 of your textbook, should the lender grant you the mortgage? Why or why not? According to Lender’s Rules, mortgage payments should be less than 33.3 percent of monthly take-home pay. Since 33.3 percent of $1,800 is about $599–much less than $800–the lender should not grant the mortgage.

47. 46 Section 3-Assessment 4 Why is it important to create a mutually acceptable tenant- landlord relationship in advance of signing a lease? Section Close

48. End of Section 3 Click the mouse button to return to the Contents slide.

49. 48 Section 4-1 Reader’s Guide Click the mouse button or press the Space Bar to display the information. Section 4 begins on page 129 of your textbook. Reader’s Guide Section Overview Section 4 explores the costs of buying and operating a vehicle and provides a checklist for automobile buyers.  Objectives –What costs are involved in operating a vehicle? –What are the trade-offs when buying a vehicle? 

50. 49 Section 4-2 Reader’s Guide (cont.) Click the Speaker button to listen to the Cover Story. Click the mouse button or press the Space Bar to display the information. Section 4 begins on page 129 of your textbook. Terms to Know –liability insurance –registration fee 

51. 50 Section 4-3 Introduction As with every decision in life, when you decide to buy a particular type of car, you are going to make a trade-off that involves an opportunity cost. Click the mouse button or press the Space Bar to display the information.

52. 51 Section 4-3 Introduction (cont.) Three of the major trade-offs include the following:  Click the mouse button or press the Space Bar to display the information. –The smaller the engine, the less gas an automobile burns. This makes a car with a smaller engine less costly to operate, but the car will accelerate less quickly.  –Newer automobiles cost more, but they require fewer repairs than older ones.  –The smaller the automobile, the more energy efficient it is. In an accident, however, larger automobiles usually protect passengers better.

53. 52 Section 4-4 Click the mouse button or press the Space Bar to display the information. Lecture Launcher In 1925, the best-selling car in America was the Ford Model-T. It sold for $660, which represented seven month’s wages for the average American. In 2001, the best-selling car in America was the Honda Accord. The suggested retail price for the Honda Accord was $23,350, or the equivalent of six months’ wages for the average American worker.  Besides the purchase price, what other costs are associated with operating a motor vehicle?

54. 53 Section 4-4 Click the mouse button or press the Space Bar to display the information. Buying and Operating a Vehicle Registration fees are state fees paid each year.  Normal maintenance and repairs  Cost of buying an extended warranty that covers problems beyond the time frame in the warranty offered by manufacturer or dealer

55. 54 Section 4-4 Click the mouse button or press the Space Bar to display the information. Buying and Operating a Vehicle (cont.) Depreciation or a decrease in value of car as it ages  Most states require liability insurance that covers both bodily injury and property damage.  Cost of insurance varies based on age, sex, and driving history.

56. 55 Section 4-Assessment 1 Discussion Question Click the mouse button or press the Space Bar to display the answer. What are some reasons why car owners might continue to make expensive repairs on an old car instead of buying a new one? The owner cannot afford a new car. The owner sees each repair as cheaper than buying a new car. The owner is emotionally attached to the car and doesn’t care about the cost.

57. 56 Section 4-Assessment 1 Section Assessment Click the mouse button or press the Space Bar to display the answer. What are the trade-offs when buying a vehicle? Trade-offs include: buying a smaller car that burns less gasoline and is less costly to operate, but losing on acceleration and power; buying a newer car that requires fewer repairs than older ones, but costs more; buying a smaller car that is more energy- efficient and easier to maneuver, but losing the protection provided by a larger car in an accident.

58. 57 Section 4-Assessment 2 Section Assessment (cont.) Click the mouse button or press the Space Bar to display the answer. Making Comparisons Search the Internet for information on car insurance in your area. Write an article about the companies that sell insurance and analyze the factors they use in determining what to charge for drivers in your age group. Answers will vary.

59. 58 Section 4-Assessment 4 Section Close Write a paragraph about the main issues consumers must consider when purchasing a vehicle.

60. End of Section 4 Click the mouse button to return to the Contents slide.

61. 60 Chapter Summary 1 Section 1: Shopping for Food Comparison shopping for food involves making comparisons among brands, sizes, and stores.  Reading advertisements and collecting cents- off coupons are timesaving, inexpensive ways to comparison shop.  Supermarkets or club warehouse stores usually charge the lowest prices for food, whereas convenience stores may save you time.  Per-unit pricing of goods makes it easy to compare prices. Click the mouse button or press the Space Bar to display the information.

62. 61 Chapter Summary 2 Section 1: Shopping for Food (cont.) If you make a habit of using coupons, you can reduce you food bill by more than 10 percent over a one-year period.

63. 62 Chapter Summary 2 Click the mouse button or press the Space Bar to display the information. Section 2: Clothing Choices Americans spend about $400 billion annually on clothing and other personal products.  Clothing value depends on price, style, durability, and cost of care.  When you purchase an item of clothing, you are purchasing it for the service flow that it yields.  The work-time cost of clothing has decreased over the past 100 years, but it is still the wise consumer who buys clothing on sale.

64. 63 Chapter Summary 4 Click the mouse button or press the Space Bar to display the information. Section 3: To Rent or to Buy There are economic and psychological advantages and disadvantages to both owning your own home and renting.  If you choose to buy a house, you will probably need to obtain a mortgage, which involves a cash down payment, monthly installments, and interest, plus money for closing costs and points.  Most renters pay a security deposit and sign a lease that protects their rights as well as lists their responsibilities.

65. 64 Chapter Summary 4 Section 3: To Rent or to Buy (cont.) Tenant responsibilities include paying the rent on time and taking reasonable care of the property.

66. 65 Chapter Summary 5 Section 4: Buying and Operating a Vehicle Click the mouse button or press the Space Bar to display the information. Some of the trade-offs you’ll make when purchasing an automobile include small car versus large car, new versus used, and powerful engine versus having to buy less gasoline.  The costs of operating an automobile include the registration fee, normal maintenance, major repairs, depreciation, and liability insurance.  One way to guard against having to pay for major repairs is to buy extended warranty coverage.

67. End of Chapter Summary Click the mouse button to return to the Contents slide.

68. 67 Chapter Assessment 1 Click the mouse button or press the Space Bar to display the answer. What is one of the best ways to engage in comparison shopping for food products? Recalling Facts and Ideas Answers will vary.

69. 68 Chapter Assessment 2 Recalling Facts and Ideas (cont.) Click the mouse button or press the Space Bar to display the answer. What is the trade-off involved when you buy a generic brand rather than a brand-name product? The trade-off in buying a generic brand is that price may be lower and quantity may be greater, but quality may be less.

70. 69 Chapter Assessment 3 Click the mouse button or press the Space Bar to display the answer. Recalling Facts and Ideas (cont.) What four factors influence the kind of clothing choices people make? The four factors are price, style, cost of care, and durability.

71. 70 Chapter Assessment 4 Click the mouse button or press the Space Bar to display the answer. Recalling Facts and Ideas (cont.) What is the normal relationship between how long an article of clothing will last and its price? Generally, the more expensive the item, the more durable it is expected to be. Thus, the longer the time of use, the more economical the price.

72. 71 Chapter Assessment 5 Click the mouse button or press the Space Bar to display the answer. Recalling Facts and Ideas (cont.) What are some of the disadvantages of owning a house? Some disadvantages of owning a house are less mobility, less choice, large outlay of money, maintenance costs, real estate taxes, possible depreciation, high mortgage payments, and possibility of overextending debt loan.

73. 72 Chapter Assessment 6 Click the mouse button or press the Space Bar to display the answer. Recalling Facts and Ideas (cont.) What are some of the disadvantages of renting a house or an apartment? Some of the disadvantages of renting are no freedom of use, no return on rental money, few tax benefits, little sense of responsibility, no collateral, and may have to wait for maintenance.

74. 73 Chapter Assessment 7 Click the mouse button or press the Space Bar to display the answer. Recalling Facts and Ideas (cont.) State three responsibilities of landlords. Three responsibilities of landlords are providing tenants with minimum services, such as heat and safe living conditions; providing reasonable maintenance; and maintaining tenant’s right to privacy.

75. 74 Chapter Assessment 8 Click the mouse button or press the Space Bar to display the answer. Recalling Facts and Ideas (cont.) If you do not pay cash for a car, what expense must be included in the cost of buying the car? Expenses would include loan expenses, including down payment, interest, and monthly payments.

76. 75 Chapter Assessment 9 Click the mouse button or press the Space Bar to display the answer. Recalling Facts and Ideas (cont.) What is included in the cost of operating an automobile? The costs include registration fee, normal maintenance and major repairs, depreciation, and insurance.

77. 76 Chapter Assessment 11 Click the mouse button or press the Space Bar to display the answer. Understanding Cause and Effect Analyze why automobile insurance companies charge more for unmarried males between the ages of 16 and 25 than they do for married males between these ages? Thinking Critically Answers will vary.

78. 77 Making Comparisons The two basic types of mortgages used today are flexible rate and fixed rate. Create a chart like the one on page 137 of your textbook to explain the advantages and disadvantages of each. Chapter Assessment 12 Click the mouse button or press the Space Bar to display the answer. Thinking Critically (cont.) Fixed rate advantage: offers security of a rate that will not change; Disadvantage: rate remains the same even if interest rates fall. Flexible rate advantage: rates can increase by no more than a few percentage points over the life of a mortgage, whereas there is often no limit on the amount of decrease; Disadvantage: uncertainty if interest rates are volatile.

79. 78 Chapter Assessment 13 Click the mouse button or press the Space Bar to display the information. Reviewing Skills Finding the Main Idea In The Theory of the Leisure Class (1899), economist Thorstein Veblen criticized the leisure class, or the rich, and its spending habits.  He talked about “conspicuous consumption,” which is buying goods and services to impress others.  List examples of conspicuous consumption that you notice throughout the day–whether on television or in real life.  Write a paragraph explaining what kinds of products are typically consumed in this way.

80. 79 Chapter Assessment 17 Why do many states require car owners to carry liability insurance? Car owners are required to carry liability insurance to ensure that there will be compensation for other people for injuries or damage to property in case of an accident. Click the mouse button or press the Space Bar to display the answer.

81. End of Chapter Assessment Click the mouse button to return to the Contents slide.

82. Chapter Launch Activity Click the mouse button to return to the Contents slide. Imagine that a friend has asked for advice on buying a new outfit for school. The friend has $120 to spend. How would you help the friend? Draw up a list of questions you might ask the friend about style, quality, durability, and comfort of the clothing desired. In this chapter you will learn that consumers need to answer such questions when purchasing clothes.

83. Economics Online Explore online information about the topics introduced in this chapter. Click on the Connect button to launch your browser and go to the Economics: Today and Tomorrow Web site. At this site, you will find interactive activities, current events information, and Web sites correlated with the chapters and units in the textbook. When you finish exploring, exit the browser program to return to this presentation. If you experience difficulty connecting to the Web site, manually launch your Web browser and go to http://glencoe.com/sec/socialstudies/economics/econtoday2005/ index.php

84. BusinessWeek Online Explore online information about the topics introduced in this chapter. Click on the Connect button to launch your browser and go to the BusinessWeek Web site. At this site, you will find up-to-date information dealing with all aspects of economics. When you finish exploring, exit the browser program to return to this presentation. If you experience difficulty connecting to the Web site, manually launch your Web browser and go to http://www.businessweek.com

85. BW Spotlight 1 The Global Positioning System (GPS) has many uses. In 1999 mountaineers on the summit of Mount Everest used equipment linked to the GPS to measure the elevation of the mountain. They determined that it was 29,035 feet–7 feet higher than officially accepted measurements. Read the BusinessWeek Spotlight on the Economy article on page 134 of your textbook to learn about a new option available on some current automobile makes and models. Backseat Driver on the Dash This feature is found on page 134 of your textbook. Continued on next slide.

86. BW Spotlight 2 Continued on next slide. Analyze how the computer navigation system for automobiles works. It uses a global-positioning system keyed to satellites and gyroscopic motion sensors to pinpoint the automobile’s position within half a city block. Click the mouse button or press the Space Bar to display the answer. This feature is found on page 134 of your textbook. Backseat Driver on the Dash

87. Click the mouse button or press the Space Bar to display the answer. This feature is found on page 134 of your textbook. BW Spotlight 3 What is the main flaw of this system, and why may that change in the near future? Its major flaw is its cost. Like other one- time luxuries–CD players, for example– the price of the in-car navigation system is expected to drop considerably in the future. Backseat Driver on the Dash

88. Economic Concepts 1

89. Focus Activity 1.1 Continued on next slide.

90. Focus Activity 1.2

91. Focus Activity 2.1 Continued on next slide.

92. Focus Activity 2.2

93. Focus Activity 3.1 Continued on next slide.

94. Focus Activity 3.2

95. Focus Activity 4.1 Continued on next slide.

96. Focus Activity 4.2

97. NBR 1.1 explain the factors that one needs to consider when buying a home.  distinguish between the major types of housing.  describe the trade-offs involved in buying various types of cars.  compare financing a car with leasing a car. After viewing Buying the Necessities, you should be able to…  Economics and You Video 11: Buying the Necessities Click the mouse button or press the Space Bar to display the information. Continued on next slide.

98. NBR 1.2 Disc 1, Side 1 Chapter 11 Click the Videodisc button anytime throughout this section to play the complete video if you have a videodisc player attached to your computer. Click the Forward button to view the discussion questions and other related slides. Click inside the box to play the preview. Continued on next slide. Economics and You Video 11: Buying the Necessities

99. NBR 1.3 What are the trade-offs in buying a new vs. a used car of the same make? A new car requires fewer immediate repairs but costs more than a used car. Disc 1, Side 1 Chapter 11 Click the mouse button or press the Space Bar to display the answer. Economics and You Video 11: Buying the Necessities

100. CTS 1 Continued on next slide. Finding the main idea will help you see the “big picture” by organizing information and assessing the most important concepts to remember. This feature is found on page 128 of your textbook. Finding the Main Idea

101. CTS 2 Continued on next slide. Learning the Skill Find out the setting of the article.  As you read the material, ask: What is the purpose of this article? Click the mouse button or press the Space Bar to display the information. This feature is found on page 128 of your textbook. Finding the Main Idea To learn how to find the main idea, follow the steps listed below: 

102. CTS 3 Continued on next slide. Learning the Skill (cont.) Identify the central issue. Ask: What part of the selection conveys the main idea? This feature is found on page 128 of your textbook. Finding the Main Idea Identify any details that support a larger idea or issue.  Skim the material to identify its general subject. Look at headings and subheadings. 

103. CTS 4 Continued on next slide. Practicing the Skill Read the excerpt on page 128 of your textbook, then answer the questions on the following slides. Finding the Main Idea This feature is found on page 128 of your textbook.

104. CTS 5 The article appeared in the magazine Business Week. Where did this article appear? Click the mouse button or press the Space Bar to display the answer. This feature is found on page 128 of your textbook. Continued on next slide. Finding the Main Idea

105. CTS 6 The article was written in August 1999. When was it written? Continued on next slide. Finding the Main Idea Click the mouse button or press the Space Bar to display the answer. This feature is found on page 128 of your textbook.

106. CTS 7 The purpose of this article was to inform readers about used-car sales on the Internet. What was the purpose of this article? Continued on next slide. Finding the Main Idea Click the mouse button or press the Space Bar to display the answer. This feature is found on page 128 of your textbook.

107. CTS 8 The main idea is that Internet sales of used cars are on the rise. What is the main idea of this article? Finding the Main Idea Click the mouse button or press the Space Bar to display the answer. This feature is found on page 128 of your textbook. Continued on next slide.

108. CTS 9 Information on various used-car services is available on the Internet. What additional details support the main idea? Finding the Main Idea Click the mouse button or press the Space Bar to display the answer. This feature is found on page 128 of your textbook.

109. Global Economy 1c Continued on next slide. First, you go downtown to meet a friend for lunch. Later, a friend invites you to a movie. On the way to the theater, you stop and buy gasoline for your car. Check the map on the next slide to see what your day might cost in various cities around the world. A Day on the Town

110. Global Economy 2c

111. Click the picture to listen to the selection on page 116 of your textbook to find out more about Lloyd Ward. Be prepared to answer questions that appear on the next two slides. People and Perspectives 1.1 This feature is found on page 116 of your textbook. Lloyd Ward 1949–

112. People and Perspectives 1.2 What does Ward mean by “wowing” the customer? By “wowing” the customer, Ward means providing products that exceed customers’ expectations and that provide customers with new benefits. Click the mouse button or press the Space Bar to display the answer. This feature is found on page 116 of your textbook. Lloyd Ward 1949–

113. People and Perspectives 1.3 Click the mouse button or press the Space Bar to display the answer. This feature is found on page 116 of your textbook. Why does Ward think that people should celebrate their failures as much as their successes? Lloyd Ward 1949– Ward thinks that people should celebrate their failures by redefining failure as a learning experience. By doing this, Ward suggests, people deepen their focus and improve their understanding, enabling them to do significantly better the next time.

114. End of Custom Shows WARNING! Do Not Remove This slide is intentionally blank and is set to auto-advance to end custom shows and return to the main presentation.

115. End of Slide Show Click the mouse button to return to the Contents slide.