Chapter 6 . To what extent do different economic systems affect quality of life?. Chapter Opener Activity. In groups of 2 - 3, decide what you would spend a $500 paycheque on. Must be spent within one week. Money represents a paycheque: simulate what you would target your spending on.
To what extent do different economic systems affect quality of life?
Must be spent within one week
Money represents a paycheque: simulate what you would target your spending on
Collaborate with your group and be prepared to share with the class
Describe the reasons for your choices
Did you buy any of these?
Food water clothing entertainment
Think – Pair - Share
1. How might economic decision making and identity connect?
4. “Should Canada and the United States have a common economic system with little government involvement?”
an informed response to the
chapter task question:
“Should Canada and the United States have a common economic system with little government involvement?”
Basic principles of Mixed and Market economies
the United States
History of the U.S. And Canadian economies
How each country’s underlying values are linked to its history
Read pgs 202-203
governments make these decisions
MORE GOV’T INVOLVEMENT
LESS GOV’T INVOLVEMENT
How do the different positions of Canada and the U.S. Reflect different values?
Cooperation: Individuals consider each other & set aside their own interests to achieve what’s best for society
How do the founding principles of Canada and the U.S. answer the question of the public good different? How have Canada and the U.S. answered the question differently at different points in their histories? Why?
How might the history of Canada shape values and attitudes in Canada?
How might the history of the U.S. Shape values and attitudes in the U.S.?
1600’s to 1776
Founding principle of the U.S. reflects the idea of individualism. Connects to the roots of the U.S. as a colony of Britain .
Mixed economies often must raise taxes in order to sustain all of the social services such as welfare, free health care, low cost university education and pension systems for the elderly which can lead to a stagnant economy.
In essence, critics claim that mixed economies enable irresponsible behavior.
Describe three ways you are impacted by competition on a daily basis.
Check out “Did You Know” on
pg 213 for the answers!
Groups 2 and 6
Case Study #2
Groups 1, 3, and 7
Case Study #1
Groups 5 and 4
Case Study #3
What’s your view?
Disadvantages of market economies
Benefits of mixed economies
Disadvantages of mixed economies
Benefits of market economies
1. The answer to the question that is presented on the web page in Source
A. wealthy investors
B. individual citizens
C. corporate executives
D. government officials
2. A conclusion that can be drawn from Source I is that Canada’s economic
systemwould be best placed at either of which two positions on the
economic spectrum inSource II?
A. Position W or Position X
B. Position W or Position Z
C. Position X or Position Y
D. Position Y or Position Z
3. The messages in Source III convey the idea that some Canadians believe Canada’s economy should be most closely aligned with which position on the economic spectrum in Source II?
A. Position W
B. Position X
C. Position Y
D. Position Z
4. Which of the following questions identifies an issue most clearly evident in the information in all three sources?
A. Is government ownership of businesses beneficial to society?
B. Should foreign investors be allowed to own businesses in Canada?
C. What role do consumers play in determining political decisions in Canada?
D. Should government provide tax breaks to stimulate economic development?
Must hand in sheet with essay
Tips page 236
Assessment Rubric 6-7