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If you can help with me with all the questions. Please & Thank you Chapter 1 What Economics is About & Appendix A: Pre-Class &

If you can help with me with all the questions. Please & Thank you

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Chapter 1 What Economics is About & Appendix A: Pre-Class & In-Class Activities Packet Name/I.D. Number:_ Section: Date: Part 1. Chapter 1 Video Questions: "We the Economy: Cave-O-Nomics-How Did the Economy Get Started?" 1. An economy is made of markets where people with one form of good or service trade with another person who has a different type of good or service. What do they call this continued exchange in the video? market Cycle 2. In the cave market scenario, what should the buyer and seller get that was considered as a means for maximizing wealth for both? 3. What led to the creation of businesses and industry in the primitive (cave) market ? 4. What drives productivity ? 5. The larger the supply, the cheaper The cheaper the price, the greater 6. The greater the demand, the higher The higher the productivity, the cheaper 7. Who plays an important role to police the market place and keeping people honest? 8. Free markets function best if 9. What happens if any one individual or group or company has an unfair advantage? 10. Who sets and enforces rules to prevent corrupt and debilitating business practices like price fixing, monopolies, or insider trading? 11. What do Customers need to believe and feel for the market to do well? 12. What determines the strength of the market? 13. What do innovators need to believe? 14. What new things did you learn from the video? (Circle one: All, Some, Few: Specify at least one). 15. What question(s) do you have after watching the videos about "Cave-O-nomics " or the Infographics in this packet? Specify at least one

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