Chapter 2 Economic Systems and Economic Tools

2.1 Economic Questions and Economic Systems Nearpod - QYOEJ

Milton Freidman defends Capitalism

Is Bernie Right, or is he being misleading

• • Identify the 3 questions all economic systems must answer

  • Describe a pure market economy, and identify its problems

  • Describe a pure command economy, and identify its problems

  • Compare mixed, market, transitional, and traditional economies

2.2 Production Possibilities Frontier Nearpod - NWRPG

Monster INC explain PPF

• • Describe the production possibilities frontier, and explain its shape

  • Explain what causes the production possibilities frontier to shift

2.3 Comparative Advantage and Specialization Nearpod - SHVAL

Hunger Games and Economics

• • Explain the law of comparative advantage

  • Understand the gains from specialization and exchange

Quizlet