1n} Analyze the strengths and weaknesses of a traditional economy. '11} Identify characteristic: of a command economy. Analyze at least one past or present command economy. and explain the strengths and weaknesses of that economy. '12} Analyze a market economy. Does the \".5. economy t this description? Explain. 13] Explain America's social and economic goals. 14] Analyze the positive and negative aspects of free trade v. protective tariffs. Which would benet our economy the most? '15] Evaluate the positive and negative aspects of raising the minimum wage? Should it be raised? Explain. 1E] Explain the structure and positive and negative aspects of sole proprietorships. partnerships, and corporations. 1?] Give examples of the \".5. government regulation of businesses? Why does it do this? 18} How do many businesses achieve maximum growth? 15} What is a merger and how is it achieved? Give an example of a horizontal merger and a vertical merger. 2n} What is a conglomerate? Explain how the structure of a conglomerate provides security for the business. 21] Identity consumer cooperatives. service cooperatives. and producer cooperatives. 22] Explain the model of a nonprot organization. Give an example of a nonprot organization and analyze the characteristics that give it the nonprot status. 7) Explain how division of labor leads to efficiency. 8) Define opportunity cost. 9) Define cost-benefit analysis. |