Jessica
April 03, 2009, 07:25 PM
1. People choose.
2. People's choices involve costs.
3. People respond to inventives in predictable ways.
4. People create economic systems that influence individual choices and incentives.
5. People gain when they trade voluntarily.
6. People's choices have consequences that lie in the future.
Project due next Tuesday, worth 40 pts.
simple. I need to illustrate each fact. Check to see if the described are okay and help me if needed :/
Check the ones I did for now.
#1
A person is trying to decide whether to eat sausages or chicken. :thinking:
#2
The person chose to eat sausages instead of the chicken. He gave up chicken to eat the sausages. :coffeebreak:
#3
Not decided yet.
#4
~Traditional Economic System~
not decided
~Command Economic System~
not decided
~Market Economic System~
not decided
#5
not decided
#6
not decided
2. People's choices involve costs.
3. People respond to inventives in predictable ways.
4. People create economic systems that influence individual choices and incentives.
5. People gain when they trade voluntarily.
6. People's choices have consequences that lie in the future.
Project due next Tuesday, worth 40 pts.
simple. I need to illustrate each fact. Check to see if the described are okay and help me if needed :/
Check the ones I did for now.
#1
A person is trying to decide whether to eat sausages or chicken. :thinking:
#2
The person chose to eat sausages instead of the chicken. He gave up chicken to eat the sausages. :coffeebreak:
#3
Not decided yet.
#4
~Traditional Economic System~
not decided
~Command Economic System~
not decided
~Market Economic System~
not decided
#5
not decided
#6
not decided