Economist

The Economist will:

1. Give three examples of products that are traded by this nation. (E)

        A. Define supply and demand and describe how changes in supply and demand affect

        prices of your example products. (E) Supply is what producers or sellers want to sell or

        exchange. Demand is what consumers or buyers want to get in exchange or buy.

2. What economic system (traditional, command, market, mixed) determines what this nation produces, how to produce, and for whom to produce its goods and          services. (E)

3. Compare the standard of living in various countries (2) today using gross domestic product per

    capita as an indicator. (E)

If the economy represents the role of trade in spreading ideas, customs, and practices, then how is the economy represented in this society?

The role of the economist is to write a five paragraph paper describing the economy of their chosen country. Economists are to generate three focused research questions that enable you to answer the essential question: What "economy" does this society value? And why?

Research steps:

1. Identify topic
2. Gather information
1. Locating resources
2. Scanning and evaluating resources
3. Make decisions to narrow your topic
0. To develop essential research questions

Essential Research questions:

1.____________________________________________________________

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2.____________________________________________________________

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3.____________________________________________________________

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