Economics

What is an economy?

How does it affect us?

Before you begin researching, find out whether you should take notes or answer in complete sentences.

World Book Encyclopedia Kidhttp://www.worldbookonline.com/kids/Home

 

Use the search box to find this article: Keynes, John Maynard.

1. What are two aspects of an economy? (on the lines)
2. What are three products our country produces? (beyond the lines)
3. What are three services our country provides? (beyond the lines)
4. What does an economist observe and study? (on the lines)
5. In which country was John Keynes born? (on the lines)
6. When was he born? (on the lines)
7. When did he die? (on the lines)
8. What is fiscal policy? (on the lines)
9. In an economic depression, do manufacturers produce more goods or fewer goods? (between the lines)
10. In an economic depression, are there more jobs for people or fewer jobs? (between the lines)
11. In an economic depression, Keynes believed the government should get involved. What are two things he believed a government should do? (on the lines)
12. Carefully copy the citation information at the bottom of the article. (on the lines)

Use the search box to find this article: Milton Friedman.

1. In what country was Milton Friedman born? (between the lines)
2. When was he born? (on the lines)
3. When did he die? (on the lines)
4. In an economic depression, did Friedman believe the government should get involved? (on the lines)
5. What did Friedman believe a government could do to help a society create jobs and make money? (on the lines)
6. Carefully copy the citation information at the bottom of the article. (on the lines)

World Book Encyclopedia Studenthttp://www.worldbookonline.com/student
Remember to look at the yellow column on the left to see the outline of an article.

 

Use the search box to find this article: Economics.

1. What are three examples of resources? (on the lines)
2. When is a resource considered scarce? (on the lines)
3. What is one example of a choice someone might have to make about how to use their resources? (on the lines)
4. What is one example of a choice you have made about how to use your resources? (beyond the lines)
5. What is economics? (on the lines)
6. What are three examples of goods? (on the lines)
7. What are three examples of services? (on the lines)
8. What is a market economy? (on the lines)
9. What is a free market? Hint: use the yellow outline on the left to find this section. (on the lines)
10. Did Adam Smith believe that governments should get involved in the economy? (between the lines)
11. What is self-interest? (beyond the lines)
12. What are ten ways that a government intervenes, or gets involved, by providing goods and services for people? (on the lines)
13. What goods and services do you think a government should provide? (beyond the lines)
14. What are some arguments or disagreements people have about how much a government should get involved in the economy? (beyond the lines)
15. Carefully copy the citation information at the bottom of the article.

[This page may be copied for use with students if the following credit is provided: ©2012 Sophie Rosen.]

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