Economics Unit III


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Possible Essay Questions

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Unit Schedule

Date Due

Pages

Key Concepts

11/2
Bring Book to Class

185-188

  • advantages of sole proprietorship like easy startup, few regulations, full control of the business and sole beneficiary of the profit
  • disadvantages of sole proprietorship like personal liability, limited access to resources, and  business permanence
11/4
Housing & Utilities Research Due

11/4

195-200

  • advantages of corporations  are  limited liability for owners, transferable ownership and long life
  • disadvantages of corporations are expense and difficulty of start-up, taxation, possible loss of control by founders and more legal requirements and regulations

11/9
Bring Book to Class

211-217

  • economic trends effecting the labor force
  • changes in the labor force due  to  education,  expanding labor force and the addition of temporary workers
11/11
No School - Veteran's Day

11/12

228-234

  • rise of labor unions and how unions enforce their power
  • interaction between labor and management

11/16
Bring Book to Class

250-256

  • history and development of American banking
  • Federal Reserve System serving as the first “central bank”
11/18
Transportation, Food, & Entertainment Research Due

11/19

271-275

  • the role of banks and savings
  • risks and benefits of investing money
11/23
Bring Book to Class
285-292
  • differences between the Nasdaq, Dow, S&P 500, and OTC markets
  • factors that lead to the stock market crash of 1929
  • stocks and their relationship to businesses and the economy

11/30

Unit III Test


Possible Essay Questions (You will write one essay from each group)
Group A:
  • Discuss the three main types of business organizations.  What are the advantages and disadvantages of each type?
  • Describe the history of the American labor movement.  Include a discussion of current challenges facing the American workforce.

Group B:
  • Describe the history of banking in the U.S.  How does our current banking system work to control the money supply and provide easy methods of exchange?
  • Discuss the various types of investment instruments we studied in this unit.  Be sure to provide examples of the best use of each type of investment.