Economics – 12/16/11

Country	Unemployment Rate	% of Average Wage Received in Unemployment Benefits	Length of Time Benefits Are Paid
U.S.	4.6%	48%	6 months
Japan	4.2%	51%	1 year
France	9.7%	58%	2 years
Germany	10.4%	36%	5 years
Source: The World Factbook, 2007.

I.  Bellwork:  Q&A  (See chart above)

1.  Which country had the highest unemployment benefits in 2007?
2. Which country had the lowest unemployment benefits in 2007?
3. Which country pays unemployment benefits for the shortest amount of time?
4. Do you believe it is better to pay a large unemployment benefit or a smaller unemployment benefit to the unemployed? Explain why.
5. How long do you believe someone should receive unemployment benefits?  Explain your answer.

 II.  Objective:

• Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing.

III.   Classwork:

Shark Tank

https://www.hulu.com/watch/119699/shark-tank-week-11

A.  Q&A  Write down these questions to answer for each entrepreneur and turn them in today.

1. What is the product/service or idea?
2. What is the entrepreneur asking for and what are they willing to give up?
3. What decision was made?
4. What is your opinion?

Economics F2011