Day 18

When you have completed Chapter 3, you will be able to:

  • Identify the basic economic problem.
  • Describe how America’s private enterprise economy works.
  • Explain microeconomics and the concept of consumer demand.
  • Identify factors that affect supply and its relationship to demand.
  • Define pure competition and monopoly.
  • Explain the characteristics oligopolies and monopolies.
  • Define four types of economic utility.
  • Explain how marketers use utility to increase customer satisfaction.

Chapter 3 Folder

  1. Log into your Google Drive account.
  2. Navigate to your Chapter 3 folder inside of your Unit 1 folder
  3. Share your Chapter 3 folder with your teacher.  Your folder should contain the following files:
    • Study Guide 3-1
    • Economic Problem
    • Consumer Information
    • Study Guide 3-2
    • Micro vs Marco
    • Supply and Demand
    • Study Guide 3-3
    • Restaraunt
    • Technology
    • Study Guide 3-4
    • Supermarket

Chapter 3 Exam

  1. Chapter 3 Exam (password required)

Assignment

  1. Read Chapter 4