ECONOMICS

COMPOSITION
BOOK
Mrs. Nelson
Must write the question! and
Write a paragraph response:
1. To me money, 1.Scarcity
is 2.Trade-off
3.Choice
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Write a paragraph response:
2. My latest 4. Opportunity Cost
economic 5. Productivity
decision was 6. Economic Systems
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3. The best way to 7. Command Economy
8. Traditional Economy
use credit is
9. Market Economy
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4. Pretend 10. Economic Institutions
11. Incentives
someone gave you
12. Exchange
a million dollars.
13. Money
What would you do
with the money? Be
specific.
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5. As a percentage 14. Markets
of income, how 15. Prices
much money 16. Supply
should the
government be 17. Demand
able to take from
your taxes?
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6. Describe an item that 18. Competition
you would like to buy 19. Market Structure
but which you do not
have the money for at 20. Income Distribution
this point. How might
you legally earn the
money to complete
your purchase?
Must write the question! and
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7. Would you rather 21. Market Failures
22. The Role of the Government
have the freedom to 23. Gross Domestic Product
keep the money you
earn or be required
to give that money to
others who earn less
than you? Explain
your answer.
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8. What company 24. Aggregate Supply
25. Aggregate Demand
would you like to
26. Unemployment
buy stock in?
Explain your
choice.
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9. Should 27. Inflation
28. Deflation
chartable
29. Factors of Production
donations lower
the amount of tax
you owe to the
government?
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10. According to the 30. Monetary Policy
Law of Diminishing 31. Fiscal Policy
Marginal Returns, the 32. Absolute Advantage
pleasure you derive
from an economic
good will decrease
over time. Explain an
instance of this in your
own life.
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11. How important 33. Comparative Advantage
34. Barriers to Trade
is it to know your 35. Exchange Rates
credit score as
you get older?
Explain your
answer.
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12. What are your 36. Balance of Payments
37. International Aspects of Growth
career goals? How and Stability

much money do 38. Barter

you really believe

that you will make
within 10 years of
graduation.
Must write the question! and
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13. Think of a recent 39. Budget
purchase you made 40. Compound Interest
with which you were 41. Credit
unhappy. Why were
you unhappy with it?
Why did you
purchase it in the first
place?
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14. High school 42. Deflation
students should 43. Economics
(have, not have) 44. Entrepreneurship
access to credit.
Explain.
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15. Invent a 45. Equilibrium Price
product in your 46. Federal Reserve
mind that you think 47. Invisible Hand
would be a huge
money maker.
Describe it in detail.
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16. I am a 48. Labor Force
(saver/spender) 49. Macroeconomics
because 50. Monopoly
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17. I believe that 51. Microeconomics
52. Tariff
welfare is 53. Eminent Domain-the right
of a government or its agent
to expropriate private
property for public use, with
payment of compensation.
Must write the question! and
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18. My parent(s) 54.Oligopoly
55. Perfect Competition
or guardian(s)
56. Price Floor
attitude money
is
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19. Making money 57. Price Elasticity of Supply
58. Price Elasticity of Demand
is
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20. To which 59. Recession
60. Special Interest Group
charity would you
most likely give a
donation? Explain
your answer.