1. CHAPTER 3 ECONOMIC ROLES

2. OUTLINE HIERARCHY I. ROMAN NUMERAL ONE A. CAPITAL A 1. NUMERIC ONE 2. NUMERIC TWO a. LOWER CASE A b. LOWER CASE B B. CAPITAL B II. ROMAN NUMERAL TWO

3. YOUR CONSUMER ROLE INDIVIDUAL BUYING DECISIONS DOLLAR VOTES CREATE DEMAND DEMAND DETERMINES SUPPLY DEMAND AND SUPPLY AFFECT PRICES COMPETITION KEEPS PRICES REASONABLE

4. YOUR WORKER ROLE IMPROVE YOUR STANDARD OF LIVING; WORK TO EARN MONEY STANDARD OF LIVING--MEASURED BY QUALITY OF GOODS AND SERVICES YOU CAN AFFORD YOUR PRODUCTIVITY AS A WORKER-- REFERS TO QUANTITY OF GOOD AVG. WORKER PRODUCES A HOUR

5. YOUR CITIZEN ROLE PAY TAXES TAXES USED FOR PUBLIC GOODS (NEEDS PROVIDED BY GOVERNMENT) PUBLIC GOODS IMPROVE QUALITY OF LIFE VOTE COLLECTIVE DECISION MAKING

6. CRITICAL THINKING pg. 39 1. WE SHOULD RECOGNIZE DIFFERENT NEEDS AND WANTS; AS WELL AS DIFFERENT FINANCIAL RESOURCES. THERE ARE ALSO COUNTRIES WITH VARIOUS LEVEL OF ECONOMIC DEVELOPMENT. 2. ABILITY TO SPEAK AND WRITE IN FOREIGN LANGUAGE; INTERNATIONAL ACCOUNTING AND LAW; IMPORT/EXPORT MANAGEMENT