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1.08 MB | 8 pages
Activity is intended to reinforce economic vocabulary and concepts. Students will be able to identify Human Capital, Capital Goods, and Natural Resources. Students will use descriptions to identify Market, Command, and Traditional economies. Students will analyze scenarios to determine economy type of sample countries and calculate GDP and GDP per capita. Students will then complete two constructed responses requiring students to defend a position and explain how a free market economy functions.
Activity comes with on level and lower level versions.