comparativeeconomicsystems_assignment.docx

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Name Date Comparative Economic Systems What would life be like in the North Korean economy? How would things be different in the economy of Chad? Why is Liechtenstein so wealthy? In this lesson, you will have the opportunity to compare these three economies to the U.S. economy, and you’ll practice using some tools that can help you to study any economy in the world. 1. Complete the data worksheet by using the CIA World Factbook at https://www.cia.gov/library/publications/the-world-factbook/index.html If you copy and paste answers – format text appropriately to ensure readability on final copy (suggested 8 pt. Arial font) 2. Answer the seven reflection questions after gathering the data. 3. Complete the assignment online, either print it or email it to me, [email protected] . 4. Last, play the matching game below to see if you can identify the elements of each economic system. Let me know how you do on it! http://www.glencoe.com/sec/socialstudies/tutor/economics/econtoday2005/puzzles/ett20 05_02.html Data Worksheet United States Market Orientated North Korea Command Chad Developing Liechtenstein Mixed Market Geography Natural Resources – How many and what types of natural resources are available? coal, copper, lead, molybdenum, phosphates, uranium, bauxite, gold, iron, mercury, nickel, potash, silver, tungsten, zinc, petroleum, natural gas, timber note: the US has the world's largest coal reserves with 491 billion
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