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1. CHAPTERCHAPTER 2Prepared by: Fernando QuijanoPrepared by: Fernando Quijanoand Yvonn Quijanoand Yvonn Quijano© 2004 Prentice Hall Business Publishing© 2004 Prentice Hall…

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1. Short Quiz on slate, use your notes 1. Under a command economy, who decides what is produced and production levels? A. Corporations B. Companies C. Government planners…

Slide 1“Ya can’t always get want ya want…” Mick Jagger, The Rolling Stones, 1969 12.1 Students understand common economic terms and concepts and economic reasoning.…

Economic Decision Making \ ECONOMIC DECISION-MAKING Why are goods scarce? Make a list of 5 things you wish you had right now â it can be anything. What is stopping you from…