Why did United Nations try to stop Iraq from taking over Kuwait in 1990? A. The United Nations wanted to destroy the cou

1. Warm-upCopy the question and choose an answer. You will need to turn in one sheet of paper on Friday with all the questions and answers for the week.Date: 10/17 Subject: Social Science Why did United Nations try to stop Iraq from taking over Kuwait in 1990? A. The United Nations wanted to destroy the country of Iraq. B. The only job of the United Nations is military action around the world. C. The economies of many countries depend on Iraq for oil and its actions threatened that supply. D. The United Nations has to intervene whenever any member nation has a conflict with another country. Why did the United States bomb and invade Afghanistan in 2001? A. Afghanistan invaded the country of Kuwait and threatened the United States supply of oil. B. The United Nations asked the United States to overthrow the Taliban government of Afghanistan. C. The United States was afraid that Afghanistan was working to develop nuclear weapons and they wanted to put a stop to the program. D. They believed the government was offering safety to al-Qaeda, the organization that attacked the United States on September 11, 2001.

2. Writing Prompt 10-17-13 Do you think Congress or the president learned anything from this battle over the budget? If so, what?

3. Warm-upCopy the question and choose an answer..Date: 10/16 Subject: Social Science Why did the United States bomb and invade Afghanistan in 2001? A. Afghanistan invaded the country of Kuwait and threatened the United States supply of oil. B. The United Nations asked the United States to overthrow the Taliban government of Afghanistan. C. The United States was afraid that Afghanistan was working to develop nuclear weapons and they wanted to put a stop to the program. D. They believed the government was offering safety to al-Qaeda, the organization that attacked the United States on September 11, 2001.

4. Writing prompt 10-16-13 Affirmative action programs exist to help people who have historically been discriminated against be treated fairly. Are these programs still needed? Why or why not?

5. SS7E5 The student will analyze different economic systems. SS7E5 The student will analyze different economic systems.

6. What is Economics? Economics is not just money. It's businesses and how they work. It's lemonade stands and how many dollars they take in. It's toy collecting and baseball card collections. It's taxes and allowances. It's stocks and bonds. Economics is part of almost everything you could ever think about.

7. Compare how traditional, command, and market, economies answer the 3 economic questions of: What to produce? For whom to produce? How to produce?

8. Copy this graphic organizer on your paper Economic Systems Traditional Market Command

9. Command Economic System A command economy, also called planned economy, is directly controlled by the government. The state owns all property and controls all resources including land, labor, and capital. Allocations of resources, supply, wages and price are regulated by the government. Although health, education, and transportation are available to all for little to no cost, there is little incentive for people to work hard. As a result, production levels are barely met and products that are produced are usually of poor quality.

10. Traditional Economic System A system in which social roles and culture determine how goods are made, sold, and bought. Families, clans, or tribes follow certain customs that have been handed down from one generation to the next to satisfy their basic needs (children often grow up to perform the same work as their parents). In the past, societies had elders who decided when and how to plant crops, hunt, or move to another place. Leaders would receive goods as tribute and they would in turn give those goods to those who needed them.

11. Market Economic Systems Based on individual choices and voluntary trade. In a market economic system, or free enterprise system, individuals and businesses make economic decisions. People can choose to enter into business, or they may sell their labor to anyone they want, and customers are free to spend their money as they wish. In such a system, the market determines prices and wages (Laws of Supply and Demand).

12. Command Economy Market Economy Traditional Economy People can own and Operate a business With little to no Government interference Society or culture determine what is produced and sold. Government controls production, wages and prices People have no say as to what the Government does. Laws of supply and demand determine production, wages, and prices. Children usually follow in the occupation of their family members. Both buyers and sellers play a part in deciding what will be available for sale and how much it will cost.

13. Economic Systems Pure Command Pure Market

14. Israel (1) What to produce? A large portion of Israel’s GDP comes from high tech manufacturing, financial services, and agriculture.

15. (2) How to produce? Israel has substantial government ownership of business, but is gradually privatizing companies.

16. (3) For whom to produce? The private sector produces goods and services for domestic and international markets based on the market price system.

17. Israel 68% Economic Systems Place on the continuum: Israel would fall in the middle of the market side on the continuum. 0 100 Pure Market Pure Command

18. Saudi Arabia (1) What to produce? Saudi Arabia is the world’s leading producer of oil. The Saudi government continues to invest in industrial production. They are a leader in petrochemicals, mining, and refining.

19. Saudi Arabia(2) How to produce? • Over 95% of the oil industry in the country is operated by the government. Most other major industries have significant government involvement. • Saudi Arabia relies heavily on specialized labor from other countries. Estimates are that a third of the labor force falls in this category. • Since the 1980s, the Saudi government has been trying to increase private ownership of business and encourage more joint ventures with private foreign companies.

20. Saudi Arabia 3) For whom to produce? • One third of Saudi Arabia’s GDP is based on exports to other countries. (This is due to the economy’s reliance on the oil sector.)

21. Economic Systems Saudi Arabia 64% Place on the continuum: Saudi Arabia would fall to the left of Israel on the continuum. 0 100 Pure Market Pure Command

22. Turkey (1) What to produce? Turkey has a diversified economy with large service, manufacturing, and agricultural sectors.

23. (2) How to produce? Since the late 1980s, Turkey has gradually moved from a government directed economy to more private enterprise.

24. (3) For whom to produce? One fifth of Turkey’s production is exported. The remainder is consumed by domestic consumers and the government.

25. Economic Systems Turkey 62% Place on the continuum: Turkey would fall to the left of Saudi Arabia and Israel on the market side of the continuum. 0 100 Pure Market Pure Command

26. Economic Systems 0 100 Pure Command Pure Market Turkey 62% Saudi Arabia 64% Israel 68%

27. Supply and Demand Definition: Producers supply goods and services and consumers demand them.  Prices in the market are determined by supply and demand. What to Produce? Availability of Supplies The law of DEMAND says that as the cost of something increases, people will demand (or buy) less. The opposite is also true ... if the cost of something decreases, people will demand (or buy) more. The law of SUPPLYsays that as the price of something increases, producers will produce or offer more. The opposite is also true ... if the price of something decreases, producers will produce or offer less. Merchants Customers Profit Margin Cost of Production

28. Explain how most countries have a mixed economy located on a continuum between pure market and pure command. Only two countries in the world have a pure command economy: Cuba and North Korea

29. SS7E1 The student will analyze different economic systems. c. Compare and contrast the economic systems in South Africa and Nigeria. Labor force: agriculture: 70% industry: 10% services: 20% Population below poverty line: 70% (2007 est.) Exports 41st Imports 52nd

30. SS7E5 The student will analyze different economic systems. c. Compare and contrast the economic systems in Israel, Saudi Arabia, and Turkey.

31. SS7E8 The student will analyze different economic systems. c. Compare and contrast the economic systems in China, India, Japan, and North Korea.

32. The End Created by: Debra Harrington Yeager Middle School 2008

33. References • http://www.investorglossary.com/command-economy.htm • http://www.socialstudiesforkids.com/subjects/economics.htm • http://www.harpercollege.edu/mhealy/geogres/maps/worldgif/wwcommand.gif • http://www.kidseconbooks.com/html/lemonade_for_sale.html • http://www.realtrees4kids.org/ninetwelve/supply.htm • https://www.cia.gov/library/publications/the-world-factbook/geos/NI.html