April 29-May 6

Tax Project: https://docs.google.com/file/d/0B_gpVfHfuRG2WU4zTE5jZDFseEk/edit
Presentations begin Monday!

If you missed class, see me so you can be put in a group.

April 25

Exam and Notebook Check Today

April 24

Tax Review: https://docs.google.com/file/d/0B_gpVfHfuRG2SkpjanNmbmdUWkU/edit

Notebook Check
1. Tax Notes
2. 14.1 Questions
3. Kinds of Taxes
4. Tax Questions
5. Pay Stub
6. 14.2 Questions
7. Business Cycle Notes
8. Unemployment Notes
9. Unemployment WS
10. Tax Review

April 23

Unemployment Questions: https://drive.google.com/file/d/0B_gpVfHfuRG2Y1Z2eXFJcnNWaHM/edit?usp=sharing

Complete the following:  Page 336 #1-6

April 22

Business Cycles Questions:

1.  What are the 4 phases to a business cycle? Draw a pictorial representation of a business cycle.

2.  What are the contributing factors to each phase regarding GDP?

3.  What is stagflation?  Why is it a problem when an economy experiences it?

4.  What are the 4 main economic variables that affect business cycles?

5.  How can interest rates push a business cycle into a contraction?

6.  How did the Great Depression affect economists’ beliefs about the macroeconomy?

7.  At what point of the business cycle would you want to be?  In 1-2 sentences explain your reasoning.

Unemployment Notes: http://prezi.com/3zgtoinox-mf/copy-of-eco-chapter-13-section-1/

April 21

Business Cycles Notes: https://docs.google.com/file/d/0B_gpVfHfuRG2dVVfOUdqTTUxNmc/edit?usp=drive_web

April 16

Federal Tax Notes: https://docs.google.com/file/d/0B_gpVfHfuRG2cnFiVWItMWQxRGs/edit

14.2 Questions

1. Why do employers withhold a set amount of your income?
2. What is taxable income?
3. What does Social Security provide?
4. What is Medicare?
5. What items are taxed for the purpose of changing behavior?
6. Explain pay-as-you-earn taxation.
7. What is the purpose of FICA?
8. Describe withholding and explain how it would affect someone with a part-time job.
9. How much of the federal government’s income comes from individual income tax?

10. What is the difference between an estate tax and a gift tax?

April 15

Pay Stub: https://drive.google.com/file/d/0B_gpVfHfuRG2QzBIQ0E5eDEwaUU/edit?usp=sharing

Questions: https://drive.google.com/file/d/0B_gpVfHfuRG2bEZBR3dPRGRhUEU/edit?usp=sharing


Where your tax dollars go pie chart: http://money.cnn.com/2014/04/11/pf/taxes/how-federal-income-taxes-are-spent/index.html?hpt=hp_t3

April 14

Kinds of Taxes: https://drive.google.com/file/d/0B_gpVfHfuRG2S0lubDNocnNsLTA/edit?usp=sharing

Tax Questions: https://drive.google.com/file/d/0B_gpVfHfuRG2M0M0T2dOaDJGb3c/edit?usp=sharing

April 11

Chapter 14 Section 1 Questions

1. List 10 things that are taxed.  Label each as being either Income, Sales, or Property
2. Why do governments impose taxes?
3. What are the four characteristics of a good tax?  Explain the meaning of each.
4. What is the difference between a progressive tax and a regressive tax?
5. Describe the benefits-received principle.  How does it differ from the ability-to-pay principle?
6. Could we thrive in a society where taxes aren’t taken?  Where they are optional?  Explain.
7. Explain the impact of the power to tax as expressed in the Constitution on tax policies today?
8. Salem has decided to levy a tax to raise money for construction, road maintenance, and other expenses for schools.  Should the tax they impose be proportional, progressive, or regressive?  Explain your answer.

April 8

Supply/Demand Jeopardy- https://docs.google.com/file/d/0B_gpVfHfuRG2YmVkSEJkNzFFVG8/edit

TEST TOMORROW
NOTEBOOK DUE TOMORROW

April 7

Notebook Check Due Wednesday
1. Demand Notes
2. Demand Questions
3. Demand Changes Questions
4. Supply Changes
5. Supply/Demand Questions
6. Supply/Demand Shifts
7. Equilibrium Questions
8. Elasticity Questions
9. Big Apple Game
10. Supply/Demand Review

Supply and Demand Review Questions:

SUPPLY AND DEMAND REVIEW

1.     Explain the law of supply using a graph on the your paper

2.     Explain the law of Demand using a graph on your paper

3.     What happens to the demand for Hot Dog Buns if hot dogs are determined to cause cancer?

4.     Graph and explain a shortage

5.     What is an inelastic good? Explain why it is inelastic

6.     What happens to the demand for Milk if the price of cereal falls to an all time low?

7.     Graph and give reasons an especially warm summer has resulted in more ice cream being purchased. As a result, may more ice cream trucks have been seen throughout the city streets?

8.     The goo material in lava lamps becomes very expensive. Which curve is affected, how and why?

9.     What is an elastic good?  Give an example.

10. What is the point called where supply and demand intersect?

11. What is the market clearing price and why?

12. Graph an increase in demand and a decrease in supply

13. Explain how the “price of inputs” affects supply

14. What is the law of diminishing marginal return?

15. Explain how demand changes due to the income effect

16. What is the law of demand?

17. Explain how demand is affected by the complementary effect.

18. What is a supply schedule?

19. Goods that have no substitute are what types of demand?

20. Name 4 reasons why supply changes

21. What happens to price if there is a decrease in supply?

22. What happens to price if there is an increase in supply and a decrease in demand?

23.  How can you have a price increase if supply is up and demand is up?

24. What determines the price and the quantity produced of most goods?

25. How can a shortage develop?

26. What 4 things will cause a demand curve to shift?

27. How can future price affect current demand?

28. How is elasticity determined?

29. What is a price floor?  Give an example.

30. What is a price ceiling?  Why would the government implement this?

April 1

Started the Big Apple Game.  See me if you missed class to get caught up.