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Group Activity: Who Decides?. Comparing how different economic systems respond to new economic challenges. Census Data Report: Number of Teenagers Increases. Demographic studies indicate that over the next five year the number of teenagers, especially ages 15-18, will increase dramatically.
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Group Activity: Who Decides? Comparing how different economic systems respond to new economic challenges
Census Data Report:Number of Teenagers Increases • Demographic studies indicate that over the next five year the number of teenagers, especially ages 15-18, will increase dramatically. • The greater the number of teenagers is expected to affect many products and groups including: schoolstransportation teachers fast food clothingjobs entertainmentcollege enrollment
Command vs. Market Economies • What changes will be made (if any) in the goods and services produced? • What changes will be made in how these teenagers will be prepared to enter the workforce of their country?
How Command and Market Economies Answer Basic Economic Questions
News Events • 1. Floods and mudslides blanket the coast. Hurricane-force winds destroy homes. People are without food, shelter, and power. • 2. Health Care Crisis: The country is plagued by shortages of hospital rooms, equipment, doctors, and nurses. Hundreds of citizens wait months for heart surgery and cancer treatment. • 3. Mass teacher shortage nears. Fifty percent of state’s teachers are eligible for retirement in the next five years. • 4. Global warming is here. Latest federal report says temperatures rising. Sixteen of the last 20 years exceeded the annual average since 1895. Summer expected to be hottest on record. • 5. Last year’s hard-to-find, hot new toy sits on shelves this holiday season. This year, the Millennium Bear tops wish list for kids and adults.