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For Market, Command, Mixed, and Traditional 1.What will we produce 2.How will we produce?

Standard: a. Compare command, market, and mixed economic systems with regard to private ownership, profit motive, consumer sovereignty, competition, and government regulation. Essential Question: What does a command economy do well, or not so well?

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For Market, Command, Mixed, and Traditional 1.What will we produce 2.How will we produce?

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  1. Standard: a. Compare command, market, and mixed economic systems with regard to private ownership, profit motive, consumer sovereignty, competition, and government regulation. Essential Question: What does a command economy do well, or not so well? Warm up: If an economy is trying to expand healthcare, food security, and disability insurance, which of the six goals is it following?

  2. For Market, Command, Mixed, and Traditional • 1.What will we produce • 2.How will we produce? • 3.For whom to produce?

  3. Extra credit opportunity • Create a video like the Miley Cyrus faux news story we watched. • You must discuss at least three economic concepts from the vocab words. For example, comparative advantage, scarcity, and allocation. • You are to create a fake news story, or a fake story that lasts between 2-3 minutes. It is ok if you just talk on camera.

  4. How will it be graded • Total of 12 extra points: • Includes economic concepts:3 points • Is creative:3 points • Relevant material: 3 points • Organized:3 points • DUE MONDAY!

  5. Ipad rules • Ipads must be brought everyday • Ipads are an educational tool, and not for games or social networking. • Only access sites or apps that are being used or you are instructed to access. • Leaving accepted apps or websites will result in the Ipad being locked. • No cell phone. All cell phones go to cell phone jail!

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