Question

Given a description of a typical business, demonstrate how that business acts within our economic system to achieve its goals as well as those of society, along with an understanding of how the future may impact these goals. • Know how government regulation affects the economy. • Show the relationship of supply and demand as illustrated on supply and demand curves. • Define elements of productivity and how it can be increased. • Define “quality of life”. • Know the similarities and differences between for profit and not-for-profit organizations. • Know the role of the US Federal Reserve and w