Question

The financial choices we make impact our economy. Think of a recent item you purchased. What factors influenced your decision in making this purchase? Did this purchase impact your local economy? Explain why or why not.

Answer 1

In the lesson you learned that a market economy is where the prices of services and goods are determined through a free system. Tell what you think an advantage and disadvantage is of this type of economy.
Every day you hear on the news about different issues in the global economy. Have you recently experienced anything in your own community that was a factor from something that happened globally? Was this a good thing or bad?
You are now familiar with government and how it plays a role in our economy. What are the advantages and disadvantages of governmental involvement? What changes would you make to improve government’s role?
In order for North America to operate as healthy economy, what do individuals need to do to contribute to the success of the country? How is our economy impacted when people make bad financial decisions?