Economics 1
Refers to the economic problem of having limited resources with unlimited wants
What is scarcity
This was the discriminatory practice of denying loans and services to people in certain neighborhoods, often based on race.
What is redlining?
This economic system is based on private ownership and profit.
What is capitalism?
The study of how individuals, governments and business make choices about allocating scare resources
What is economics
Office hours are...
Wednesday's from 3:30-4:30
This is the next best thing you give up when making a decision.
What is opportunity cost?
This time period is when redlining was most widely used in the United States.
When was the 1930s–1960s?
These economic systems focus on shared ownership and reducing inequality.
What are communism and socialism?
Someone who buys goods and services
What is a consumer
What is the 4th amendent?
This is when higher prices usually lead to less demand, and lower prices lead to more demand.
What is supply and demand?
What groups were involved in redlining?
Who were the government and financial institutions?
This is the money a business makes after subtracting costs.
What are profits?
When workers produce more, what happens to the price?
What is go down?
What is the late policy (must answer in full to receive points. NO partials)?
Anything after the due date is late & receives no more than a B.
Unlocked on Schoology for a week.
Once it locks, you must come to office hours to ask for the POSSIBILITY of it being unlocked.
After a unit ends (or whenever I make the announcement) the assignment is permanently locked.
This is something that motivates people to act or make a certain decision, like money, rewards, or avoiding punishment.
What is an incentive?
Why is housing a privilege?
This idea suggests that access to housing is not equally available and depends on income, race, or wealth.
This idea explains how location affects access to jobs, resources, and opportunities.
What is spatial economics?
It's the Monday before Black Friday what happens to the demand for most products (only during the days BEFORE Black Friday)?
What is goes down?
What do the 3 branches of government do?
Legislative: Writes laws
Executive: Enforces laws
Judicial: Interprets laws
This refers to the skills, education, and experience that make a worker more valuable.
What is human capital?
What do you call the advantages of inherited wealth, property, better education opportunities, and financial stability passed down over time.
What is generational wealth?
What 5 things are needed to build capital?
These are the key things needed to build capital: Interests & Aspirations, Education, Work Experience & Training, Effort & Standards, and Network.
Mr. Nava's Birthday AND favorite R&B artist (100 points if you only get 1)
What is November 28th? Who is Kehlani?
The right to a fair, speedy, and public trial by an impartial jury & the right to counsel.
What is the 6th amendment?