Answer the following

1.What are three economic stances that a government may have? Describe each of these stances.

2.What are the four different types of economic resources? Describe each type.

3.What is a stock market? What is an example of a stock market?

4.What is an open outcry?

5.What is trading? Describe some of the ways that trading takes place.

Critical Thinking Questions

1.Choose one current event. Describe the event and discuss the economic implications of this event. What economic effects might this have at the individual and societal levels?

2.What are the costs of "freebie" items?

3.How does the stock market influence the finances of individuals, even if they don't personally invest?

4.Think about the larger economic situation in your country right now. How do the overall economy and its various aspects impact your life and finances?

5.How can the fiscal policies of a country influence individual finances?