Assignment+4+-+Final+EU's+&+EQ's

__** Course Description: **__
 * This course is designed give you an introduction to Economics. By the end of the year, you should be able to demonstrate an understanding of economics and __articulate an educated opinion__ in conversations. You should also be able to defy gravity, use Jedi mind tricks successfully, and think outside of the box in a galaxy far far away. **

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 * You will need to __review these concepts and keep track of how they are addressed throughout this course__. Keep a working document that you can add to as appropriate. You will need to have __at least three (3) examples for each of the concepts__ below. This is assignment 4 and is a final project that is due during the last week of class. **

a. When making a choice, people choose the alternative that seems the best to them because it involves the least cost and the greatest benefit. b. We can use our understanding of human motivation and the range of choices they face to make economic predictions c. Individuals and societies have unlimited wants and limited resources, producing a constant tension within the economy. d. The potential for profit or absence of it can determine whether the public or private sector provides goods and services. e. The economic needs of a nation can lead it to believe it has the right to take over areas not originally under its control.
 * Economics: ** ** Enduring Understandings **

a. Why do people have to make choices? b. What are the characteristics of a good choice? How do people decide what is best for them when making an economic choice? c. How can past and present choices have an impact on the future? d. To what extent can we predict the outcomes of our current economic choices? e. How do people satisfy their needs and wants? f. How do economic systems deal with unlimited wants and limited resources? g. How do individuals deal with unlimited wants and limited resources? h. How can economic conditions influence a society if some goods and services are more suitable for production though public rather than private institutions? i. How can economic factors both cause and deter conflict?
 * Economics: Essential Questions **