1. Design Your Own Study Guide – 30pts 1.Use the template (slide 3) as a starting point for part A 2.For each block, you must include the following: -Definitions for anything in the block with an * -1 example from your notes per each * -At least 1 image per * -ALL KEY TERMS from 1-16 must be used at least 1 time ----------------------------------------------------------- 4. Use the template (slide 4) as a starting point for part B 5. For each of the 6 economic goals of free enterprise, include the definition/goal associated with each (use your HW…this is why it was due today) 6. Include 1 graphic/ image for each box 7. When finished, you must PRINT ONLY SLIDES 3&4 (under print settings, click “custom range” & enter pp. 3-4) Click insert tab + text box

2. Key Terms 1-16 Economic Systems: Economic Systems: The “3 Basic Questions”: The “3 Basic Questions”: Traditional Economy: Traditional Economy: Command (controlled) Economy: Command (controlled) Economy: Market (capitalist) Economy: Market (capitalist) Economy: Market: Market: Circular Flow of Income & Output: Circular Flow of Income & Output: Mixed Economy: Mixed Economy: Capitalism: Capitalism: Laissez-Faire Economics: Laissez-Faire Economics: Free-Enterprise System: Free-Enterprise System: Freedom of Choice: Freedom of Choice: Profit: Profit: Profit Incentive: Profit Incentive: Competition: Competition: Private Property: Private Property:

3. Characteristics of the American Economy *PRIVATE PROPERTY *COMPETITION *PROFIT/ *PROFIT INCENTIVE *MARKET SYSTEM/ *BUYERS CHOICE *FREE ENTERPRISE/ *MIXED ECONOMY *PURE CAPITALISM *TRADITIONAL SYSTEM PART A

4. 6 Economic Goals of Free Enterprise GOALS OF ECONOMIC FREEDOM: EFFICIENCY: EQUITY: SECURITY RISKS: STABILITY/ STANDARD OF LIVING: GROWTH: PART B