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					   Life is Good
Chapter 3: American
      Free Enterprise
Overview
Look deeper at our country
We have it good
System set up to benefit market
Gov’t still needed
Unit 1 Test on Wednesday!!!
Study guides will be collected
It’s all mine, mine, mine!
Our system is a big MARKET
Who controls the market?

What is our only job in this
 economy?
What does the gov’t do?
We run the economy…what’s
 left?
But how do we tell them?
Our economy, we run it
They set foundation & help us
 when we are down

How do we make our
 demands know?
HOW WE VOTE
WHAT WE BUY
How do we measure success?
  Depends on who you ask
  Difference between “I” & us all

  Do “I” matter to the gov’t?
  Big picture using GDP
  What goals do they pursue?
  Why push for technology?
Breather
I’m coming around to check
Make sure sections 1 & 2 are
 completed
Warm Up
Compare the role of the gov’t
 with that of the people in our
 economy.



How does the gov’t measure
 the success of our economy?
But what exactly do they do?
Never had more gov’t than now
Why are they there?
What do they really offer us?
You paying on your own?
Goodness NO!!!
But we all benefit
So we all pay taxes

What would happen if you
 could CHOOSE whether or not
 you wanted to pay taxes?
Hi, welcome to Wal-Mart
Why does Sam’s Club rock?
Especially on weekends
Home, home on the range
Yeah, you are all free riders
Not willingly looking to pay
Still get the benefit
Would anyone choose to pay?

What happens instead?
Ever get pushed down stairs
Is it fair for someone else’s
 choices to impact you?
Discuss with a neighbor
Come up with 3 examples
At least one positive & one
 negative
Externalilities
Their choice…your cost or
 benefit
PSU football
Other examples
Breather
First 3 sections should be done
Life is good…but for all?
Are we all “equals”?
Legally, yes!
Economically, no!

We know who the rich people
 are
What does it mean to be
 poor?
How poor is poor?
Not having an Xbox 360
 doesn’t make you poor
Cannot meet basic needs
Gov’t there to help!

How?
Cash transfers vs in-kind benefits
  What’s the difference?
Summary
Our system is great
Based on hard work
Certainly not all equal, but should
 all have minimum necessary

Unit 1 Test next class
Rest of today to Create-A-Nation

				
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posted:11/30/2012
language:English
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