Slide 1How do people satisfy their wants? Slide 2 What do you think you will learn about in economics? Slide 3 I can differentiate between a traditional, command, market,…

Slide 1 Industrial Revolution Study Guide Slide 2 Due to the Agricultural Revolution, all of the following occurred… Food prices decreased Populations increased Average…

Slide 1 1 Chapter 1 Introducing the Economic Way of Thinking Key Concepts Summary Practice Quiz ©2004 Thomson/South-Western Slide 2 2 What do the first two chapters do?…

Slide 1 1 Introducing the Economic Way of Thinking Key Concepts Summary ©2005 South-Western College Publishing Slide 2 2 What will you learn in this chapter? You will be…

Slide 1 What is Economics? Define Economics and the importance of making choices Compare Scarcity and shortage Identify key terms: land, labor and capital. The role of entrepreneurs…

Slide 1 What is the most important technological advancement (invention) of the last 10 years? 20? 50? 100? In what way did this invention/advancement improve or change the…