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Unit one review

Unit one review. CH. 1 through 3. Econ 53. Describe the characteristics of command, market, traditional and mixed economies and how they affect jobs and standards of living. Types of economic systems Strengths and weaknesses of ES Economic philosophies.

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Unit one review

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  1. Unit one review CH. 1 through 3

  2. Econ 53. Describe the characteristics of command, market, traditional and mixed economies and how they affect jobs and standards of living. • Types of economic systems • Strengths and weaknesses of ES • Economic philosophies

  3. Econ 53. Describe the characteristics of command, market, traditional and mixed economies and how they affect jobs and standards of living. • Factors of production and its returns • Production possibility curve and economic growth • Circular flow model for economy

  4. SSA 59. Demonstrate the skills and dispositions needed to be a critical consumer of information. • Scarcity and decision-making • Economic reasoning principles • Marginal decision-making process

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