Ssef 2 concepts:

1. how do we use opportunity costs and marginal thinking to determine distribution of goods and services?

2. what happens if the benefits equal or out weighs the costs?

ssef 3 concepts:

1. why do people not create all their own goods and services?

2.how can we tell if a country is productive? (if using a production possibilities curve)

3. what do we look for to determine if a country is productive or not?

4. how can we tell if a country is underutilizing its resources? (if using a production possibilities curve)

5. what can increase country’s productivity?

6. what can decrease country’s productivity?

7. explain the law of increasing costs.

8. give an example of an individual specializing.

9. give an example of a business specializing.

10. give an example of a country specializing.

11. explain how honest trade (non-fraudulent and voluntary exchange) benefits both sides.

ssef 4 concept:

1. explain how a command economic system deals with the ideas of ownership; profit motive, consumer sovereignty, competition, and government regulation.

2. what are the main goals of a market economic system?

3. how well does a market economic system meet each of the economic goals of freedom, equity, growth, efficiency and stability? (explain about each goal.)

4. explain how a market economic system deals with the ideas of ownership; profit motive, consumer sovereignty, competition, and government regulation.

5. what are the main goals of a mixed economic system?

6. how well does a mixed economic system meet each of the economic goals of freedom, equity, growth, efficiency and stability? (explain about each goal.)

7. explain how a mixed economic system deals with the ideas of ownership, profit motive, consumer sovereignty, competition, and government regulation.

8. what are the main goals of a traditional economic system?

9. how well does a traditional economic system meet each of the economic goals of freedom, equity, growth, efficiency and stability? (explain about each goal.)

10. explain how a traditional economic system deals with the ideas of ownership, profit motive, consumer sovereignty, competition, and government regulation.

ssef 5 concept:

1. why does the government provide public goods?

2. establish what a free rider is.

3. assess the way in which the government determines our nation’s well-being.

4. explain what a redistribution program is.

5. describe the means in which the government raises money for redistribution programs.

6. what are some cash transfer programs that the government uses today?

7. name some programs that are considered in-kind benefits.

8. distinguish between medicare and medicaid.

9. examine the development of faith-based initiatives.

10. give an example of how the public discloser laws are used in the market place.

11. list three bad consequences for companies that must face government regulation.

12. what are the three things needed for economic stabilization.

13. the most desirable unemployment rate is?

14. what is the point of economic stability?

15. why would work ethic improve productivity? (to answer this you must first know what productivity is.)

16. you are an entrepreneur what must happen for your company to be more productive?

ssef 6 concepts:

1. how does investment affect productivity and economic growth?

2. explain the relationship of productivity to its inputs and outputs.

3. give examples of investing in technology and equipment and explain its impact on production and economic growth.

4. explain how an investment in education can lead to a higher standard of living.

5. give examples of how public education has increased productivity.

6. explain how an increase in productivity can raise a country’s standard of living.