1. Dec. 9, 2013

2. 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

3. 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)

4. Today Go over skill check Whiteboard Make notecards Announce project

5. 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.

6. 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

7. 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

8. 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

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

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

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

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

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

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

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

16. 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.