In Class: Chapter 21 Review Quiz:
8th Grade Chapter 21 Review Quiz
1) Discuss
the four stages of the business cycle and their effects.
2) Discuss
the meaning and role of absolute advantage and comparative advantage, using
examples.
3) Describe
the three indicators that help economists predict changes in the business
cycle.
4) Discuss
the circular flow of goods and services in a free-enterprise economy.
5) Discuss
free trade versus protectionism. Do you agree with a free trade policy? Explain
why.
Bell work: none.
Mr. Moore
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