1. National IncomeThe sum total of the values of all goods and services produced in a yearIt is the money value of the flow of goods and services available in an economy…

1. ESSENTIAL STANDARD 1.00Understand the role of business in the global economy.1 2. OBJECTIVE 1.01Understand economic systems. 2 3. EQ How do businesses satisfy needs…

1.   2. Jeopardy Scarcity and FOP Opportunity Cost Production Possibilities Other Ch. 1 ?’s Gov’tReview 10 10 10 10 10 20 20 20 20 20 30 30 30 30 30 40 40 40 40 40 50…

1. What is the common market?Group formed by countries within a geographical area to promoteduty free trade and free movement of labor and capital among itsmembers. European…

1. Everyday EconomicsCalifornia State Standard 12.1: Students understandcommon economic terms and concepts and economicreasoning.Learning Objective: The purpose of this lesson…

1. Chapter1The Changing Faceof Business 2. Learning Goals1 Distinguish between business and not-for- 5 Explain how today’s businessprofit organizations. workforce and the…

1. Chapter3Economic Challenges FacingContemporary Business 2. Learning Goals1 Distinguish between microeconomics and4 Discuss how monetary policy andmacroeconomics. Explain…

1. Chapter1The Changing Faceof Business 2. Learning Goals1 Distinguish between business and not-for- 5 Explain how today’s businessprofit organizations. workforce and the…

1. CHAPTER 6FACTOR MARKETS AND INCOME DISTRIBUTION 2. Market Economy• Free interaction between the forces ofsupply and demand• Not only markets for goods and services•…

1. Producer Equilibrium 2. A firm or an organization is an economic unit that converts inputs (labor, materials, and capital) into outputs (goods and services) by employing…