Unit 3 Notes
Economies Based on Tradition
o characteristics of a traditional economy:
ritual, Habit, custom habit, custom. Individuals make decisions based on customs of their elders and
o examples of traditional economies:
Unit 6 Study Guide
Directions: Please type your answers to the questions on this document. Please type
your answers in RED. You will need to turn this in before the test tomorrow. You need to
reread Ch. 12 Lesson 1 and Ch. 13 Lesson 2 in your textbook. Yo
Supply: amount of a product / seller would be willing to offer for sale at all possible prices in a
market at given point of time.
Law of supply
Principle that more will be offered for sale at higher prices than lower prices
Higher prices - more quantity
Labor and Wages
A. Types of Labor: Level of skill and experience determines what you earn as a
1. People who work primarily with their hands
2. Unlikely to have much education and training
3. Typically earn the lowest wages
4. Ex: Man
Unit 6 - National Income and Accounting
1. base year:
a. Year serving as a point of comparison for other years in a price index or other
2. consumer price index (CPI):
a. Index used to measure price changes for a market bask
Characteristics of Free Enterprise Capitalism
A. Economic freedom, voluntary exchange, private property, profit
Stocks and Bonds
A. In order to form a corporation, companies must have a charter
1. (Written government approval to establish a corp.)
B. Within the charter, the corp includes the following info.
1. Company name, address, purpose o
Unit 1 Notes
A. Demand: the desire, willingness, ability to
buy a product
B. Businesses must take demand into account
before making economic decisions
1. (what, how, and for whom to produce)
C. Demand Schedule: Shows the quantity
The Fed Notes
It is the central bank of the U.S.
It provides financial services to the government, regulates financial institutions,
maintains the payments system, enforces consumer protection laws, and conducts
It was founded in 1913.
I Big Ideas in the D01
1. Themas Jeffersen was the primary auther
2. Reects twe main ideas:
1. Natural Rights Philesuphy - we are all
equal and hang the right to life. liberty, and
pursuit ef happiness.
2. Suuial Cuntraet The-Dry government arises
Structure of Constitution
I: introduction to the Constitution
I: Lists ideas that the government should stand for
and states purposes
I We the peopie of the United States, in Order to form a
more perfect Union, estaabiish justice, insure domes
Economic Goals and Business Structure
II. What Role Does the Government Play in Helping Meet These Goals
A. Provide public goods. A public good is
2. Why is the market not good at providing these?
B. Redistributing IncomeC. Regulatin
Labor and Wages
Categories of Labor
a. Unskilled Labori.
b. Semiskilled labori.
c. Skilled labori.
d. Professional labor
Look back at the 4 categories of labor.
- How can citizens participate in the political process?
- Typical, mainstream methods of participation- voting, contributing to political campaigns,
volunteering, running for office yourself, etc.
Unit 6 Notes
Labor and Wages
o types of labor level of skill and experience determines what you earn as a wage
people who work primarily with their hands
unlikely to have much education and training
typically earn the lowest wages
Stock Market Project
Directions: Please fill out the required information below. Please make a blank copy to keep in your Google Drive. You
will need to fill this out and print this page and turn in a hard copy to me. These will be turned in
Anatomy & Physiology
Chapter 5 : The Skeletal System
1. What is the difference between the axial and appendicular skeleton?
2. Name the parts of the axial skeleton.
3. The skeletal system includes bones as well as _, _, and
New York Stock Exchange- with almost 3 times more liquidity than the next largest exchange.
NYSE is the global leader in market quality. Oldest. Wall street
1. About 2800 companies listed trading around 1.4 billion shares a day
American stock exchange- Th
Pure competition is a term that describes a market that has a broad range of
competitors who are selling the same products IDENTICAL
Monopoly is a market structure in which there is only one producer/seller for a product.
Oligopoly a state of limited comp
Chapter 9 & 10 Study Guide
1. What happened at the constitutional convention?
In September 1786, at the Annapolis Convention, delegates from five states called for a
Constitutional Convention in order to discuss possible improvements to the Articles of
Chapter 11 Notes
Federalist and Republican Gunslingers
This was the first time in which there was split in the nation into two separate political
parties, the federalists and the Jeffersonians.
In the election of 1800, the Federalists had a horde of enem
1. The price of product A goes up. What happens to demand for product B, a substitute for
1. The price of widgets goes down. What happens to demand whoozits, which are
complements for widgets?
Chapter 1.4 Functions
Relation: Two quantites that are related
Function: A relation that assigns each element x in the domain
(set of inputs) to exactly one element y in the range (set of outputs).
An element in the domain cannot be matched with two diffe
There Are Four Types of Motion: Well Study Straight-Line or
One Dimensional Motion (Kinematics)
Motion in One
We will learn to describe motion in three ways.
*All three are
_ of change of _ (how much
time it takes for change in position to
3 Types of Speed
1) _ Speed: speed at any given
Types of Speed
2) _ speed: Speed that
does not _
Ex: car on cruise control
Types of Speed
Most _ is not _:
TONE is defined as the writers or speakers attitude toward the subject.
Positive Tone/Attitude Words
Amiable Consoling Friendly Playful
Cheerful Energetic Lighthearted Surprised
Amused Content Happy Pleasant
Cheery Enthusiastic Loving Sweet
1) The Law of Supply states that the higher the price of a good, the more_
the quantity produced. Conversely, if the price of a good falls, less_
of the good will be produced.
The Law of Supply is the opposite of the Law of
Chapter 9 Notes (Part 2)
The Horrid Specter of Anarchy
States were refusing to pay taxes, and national debt was increasing as foreign authority
was slipping. Not only that, the states also started to print out their own paper money.
THE INTERNET OF THINGS 2015:
Examining How The IoT Will Affect The World
Research Completed By:
John Greenough | Senior Analyst
Jonathan Camhi | Research Analyst
1. Executive summary
2. The ecosystem