Download The United States – A Mixed Economy SOL 11b

The United States –
A Mixed Economy
SOL 11c
Page 73
What do you get if you cross a crocodile with a flower?
I don't know, but I'm not going to smell it!
Standard: 11c
Essential Understandings: The U.S. economy is primarily a free market economy;
but because there is some government involvement, it is characterized as a mixed
economy. Government intervenes in a market economy when the perceived
benefits of a government policy outweigh the anticipated costs.
Essential Questions: What are the essential characteristics of the U.S. economy?
Vocabulary: supply and demand, profit, competition, consumer sovereignty
Candy Questions
Which
amendment
to the U.S.
Constitution
protects you
from the
federal
government
violating
your due
process
rights?
At what
point in a
criminal
case does
the
defendant
enter a
plea?
What court
case
established
the principle
of judicial
review?
Which
federal court
is where you
would get a
trial by jury
for a federal
felony?
What term means
seeking to
influence
legislators to
introduce, vote,
or vote against a
bill?
How do
government
officials use
the media?
What is the name
of a document
that contains
powers of a city
or town?
Who
signs
state
bills into
law?
Powers not
specifically
given to the
federal
government in
the
Constitution
are reserved
for the
__________.
Which hat is
the President
wearing when
he visits Asia?
https://www.youtube.com/watch?v=eWIoY
SurSrw
The United States economy is
primarily a free market economy; but
because there is some government
involvement it is characterized as a
mixed economy.
Government intervenes in a market
economy when the perceived benefits
of a government policy outweigh the
anticipated costs.
https://www.youtube.com/watch?v=bWGKV_93Qk
Characteristics of the U.S. Economy
 Markets are generally allowed to operate
without undue interference from the
government. Prices are determined by supply
and demand as individual buyers and sellers
interact in the marketplace.
Characteristics of the U.S. Economy
 Markets are generally allowed to operate
without undue interference from the
government. Prices are determined by supply
and demand as individual buyers and sellers
interact in the marketplace.
 Private property-individuals and businesses
have the right to own real or personal
property as well as the means of production
without undue interference from the
government.
https://www.youtube.com/watch?v=Nwzax
UF0k18
Characteristics of the U.S. Economy
 Markets are generally allowed to operate
without undue interference from the
government. Prices are determined by supply
and demand as individual buyers and sellers
interact in the marketplace.
 Private property-individuals and businesses
have the right to own real or personal
property as well as the means of production
without undue interference from the
government.
 Profit – consists of earnings after all expenses
have been paid.
Characteristics of the U.S. Economy
 Markets are generally allowed to operate
without undue interference from the
government. Prices are determined by supply
and demand as individual buyers and sellers
interact in the marketplace.
 Private property-individuals and businesses
have the right to own real or personal
property as well as the means of production
without undue interference from the
government.
 Profit – consists of earnings after all expenses
have been paid.
 Competition – rivalry between
producers/sellers of a good or service results
in better quality goods and services at a lower
price.
Consumer sovereignty – Consumers
determine through purchases, what
goods and services will be produced.
Government
involvement in the
economy is limited.
Most decisions are
made in the private
sector.
On the left side of your notebook, draw an
American flag. On each of the thirteen
stripes, write a fact about the U.S. Four of
these facts should be about the U.S.
economy.