Chapter+14+Preview

|| Basics of our Economic System || ||  The Principles of our Market economy.The role of business in the American Economy. || || Recognizing multiple causes, understand effects, identify causes and effects. || || The organic becuase there were no insects on them for only $1.50 or more. || Click [|Circular Flow Model]  to be brought to an interactive link. ||  Money, products. || ||  A decrease in price might not give the supplier enought money to grow strawberries, more people might want strawberries. || Because of emplyees. ||
 * __Chapter 14 Preview __**
 *  1. What is the title of the chapter?
 * 2. What are the titles of the three sections?
 *  3. What is the target reading skill?
 *  4. Read "Civics in the Real World" on page 375. Which strawberries would you buy and why?
 * 5. Look at the diagram on page 378. This is the Circular Flow Model. What can individuals supply to business? What can business give to individuals?
 *  6. Why do you think our economists use a Circle to explain our market economy, instead of a different shape? || Becuase, like the flow, a circle never ends. ||
 * <span style="font-size: 120%; font-family: 'Comic Sans MS', cursive;">7. Look at the graph on page 380. How does a decrease in price affect the supply of strawberries? How does a decrease in price affect the demand for strawberries?
 * <span style="font-size: 120%; font-family: 'Comic Sans MS', cursive;"> 8. Look at the diagram on page 383. What is given for labor? land? capital? || <span style="font-size: 120%; font-family: 'Comic Sans MS', cursive;">Wages and salaries, Rent, Interest. ||
 * <span style="font-size: 120%; font-family: 'Comic Sans MS', cursive;">9. Look at the graph on page 384. What percentage of firms are corporations? What percentage of sales comes from sole proprietorships and partnerships together? || <span style="font-size: 120%; font-family: 'Comic Sans MS', cursive;">20.4%, 79.6%  ||
 * <span style="font-size: 120%; color: #ed2cbd; font-family: 'Comic Sans MS', cursive;">10. Skim through section 3. Why have labor unions risen in the past?