Monday, March 22, 2010

$$$ + Social Responsibility = Economics in A Democracy; +a little Socialism when needed!

HW: Read Ch. 2.2
Rank order by economic and social importance: Justify your #1-3 choice in paragraph...Explain your reasons for your ordering

neconomic freedom to make own decisions
necon efficiency for greater benefits than costs
nEconomic equity…a social goal to support laws against wage and job discrimination
nFull employment
nEcon security for the elderly, workers losing jobs etc.
nPrice Stability, freedom from inflation …protects people on limited income
nEcon growth to increase goods and services to all

HW: Complete Assessment—2, 4, 6

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