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Survey 1
To be completed during the first week of class.
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How are prices determined in a free market?*
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What is an entrepreneur and what does he/she do?*
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What is economics?*
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Is international trade good or bad for the US economy? Explain.*
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How is the health of an economy measured? In other words, how do we know if we're in a recession, depression, or booming economic times?*
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How are wages and prices determined in a free market?*
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Why do people want jobs? (Do not use the word "money" in your answer!)*
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What would be the effect of the government setting a maximum price for something, such as gasoline? (Ex: the government says that gas cannot be sold for more than $2 per gallon)*
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Tell me everything you know about supply and demand.*
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What must an entrepreneur do to make a profit?*
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What is the difference between a free market economy and a communist economy?*
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What is inflation?*
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Who benefits from trade? (Trade occurs anytime a buyer and a seller do business together)*
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What is "money?"*
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Should individuals be allowed to own private property? Why or why not?*
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