I.  Bellwork  Q&A If a new bridge to Canada is built: Provide and explain an example of a negative externality. (Be specific) Provide and explain an example of a positive externality. (Be specific) II.  Objective Identify the purpose of legislation which constrains the functions of  business structures. Examine and explain the role of the government  […]

I.  Bellwork Questions & Answers What is happening in the picture? (Not a fire.) Who is impacted? How are they impacted? Why do you believe this is being allowed? II.  Objective: Identify common circumstances related to market failures and the impact externalities have on society. Evaluate various explanations for actions or events and determine which […]

I  Bellwork: Q&A MLA Heading on separate sheet of paper. Heading: Chapter 6 Test – ODD or EVEN   II Objective: Chapter 6 Assessment:  Analyze and interpret how prices change through the interaction of buyers and sellers in the market and the impact of price controls Write arguments to support claims in an analysis of substantive […]

I Bellwork  Supreme Court Rejects Rent Control Challenge Explain the reasoning used by those against rent control. Explain the reasoning used by those supporting rent control. What factors did the Supreme Court take into consideration and what was the basis for their decision?  Do you agree? Explain. II.   Objectives: Analyze and provide examples of […]

I  Bellwork: Questions & Answers Economics Analysis p. 157 Economics Analysis p. 158 Economics Analysis p. 159 (Hint find equilibrium) II  Objective Review and discuss principles and concepts as they relate to the determination of price. Analyze and provide examples of the practice of price controls. Evaluate various explanations for actions or events and determine […]

I.   Bellwork: Question & Answers A.   Graph an example of a Price Floor 1. Who benefits from it? 2. What does it create (shortage/surplus)? B.   Graph an example of a Price Ceiling. 1. Who benefits from it? 2. What does it create (shortage/surplus)? II.   Objectives: • Analyze and provide examples of how price controls are […]

I.    Bellwork (Discuss the cases with your fellow students and write a complete response. A.) Your store is constantly selling out of a certain cologne. Explain what can you conclude about the cologne’s current price in regards to equilibrium? Explain what should you do? B.) The cost of attending college is becoming increasingly expensive […]

I. Bellwork If the quantity supply and quantity demand for squash is at equilibrium, then a drought occurs  damaging the squash crop: Question & Answer What will happen to supply? What will happen to the price of squash? What will happen to the quantity of squash? II  Objective Analyze how prices change through the interaction […]

I. Bellwork Budget Challenge:  Pay invoices & Adjust spreadsheet II.  Objectives: Analyze and interpret differences in financial information from the bank statement and the check register to complete a bank statement reconciliation. Record and journalize a bank service charge. III.  Discussion/Notebook Analyzing a bank statement Preparing a Bank Reconciliation Steps for recording a service charge […]

I.   Bellwork Copy the schedule, identify and label the amount of shortage or surplus           Price Quantity Demanded Quantity Supplied Shortage/Surplus and Amount $1.00 500 100 $2.00 350 200 $3.00 250 250 $4.00 150 400 $5.00 50 500  II.  Objectives Analyze how prices change through the interaction of buyers and sellers in a market including the […]