Economics – 4/19/12
I. Bellwork Q&A
- Do you believe the government should continue price supports and subsidies for farmers? Explain your stance.
II. Objective:
- Identify common circumstances related to market failures and the impact externalities have on society.
- Identify functions and constraints of business structures.
- Examine the role of the government in maintaining competition
III. Video & Discussion
IV. Classwork
- Page 179 Vocabulary (7)
- Page 183 2-6 Q&A
- Guided Reading 7-3
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