Economics – 2/15/12

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I. Bellwork Q&A:

• How do laws against false advertising promote economic equity?
• What can citizens do to influence the economic goals of the country?

II.  Objectives:

• Identify the characteristics of a free enterprise economy and the roles of entrepreneurs, government, and consumers.

III.  Discussion

• Minimum Wage – History &  States
• Michigan Lemon Law

IV. Notebook Work

A.  Video: Moscow on The Hudson (Command Economy)

• What scenes in the video exemplify the characteristics of a command economy?  Explain in detail.

V.  Online Quiz Closes tonight

VI.  Makeup absent tests after school today

Economics W2012