Socio-Economic Goals
Promoting an increase in the production of goods and services over time, which in turn may increase the standard of living.
Which socio-economic goal is this?
a. Stability
b. Economic Growth
c. Equity
a. Stability AND b. Economic Growth
How many of the 50 states & territories have a minimum wage that is the same as the federal minimum wage?
a. 14 (16 if you include Oklahoma & Ohio)
b. 20 (22 if you include Oklahoma & Ohio)
c. 22 (24 if you include Oklahoma & Ohio)
d. 31 (33 if you include Oklahoma & Ohio)
a. 14 (16 if you include Oklahoma & Ohio)
Which of the following is a benefit of raising the minimum wage? (multiple answers, choose 1!)
a. Increased economic security for lower income workers
b. Prices will increase
c. Lower income workers may have more flexibility to work less hour
d. Small business owners may struggle to pay the new minimum wage
a. Increased economic security for lower income workers AND
c. Lower income workers may have more flexibility to work less hour
Where does your thesis statement belong in a writing?
a. in your body paragraphs
b. it's up to you because thesis statements are optional!
c. at the end of your writing
d. at the beginning of your writing
d. at the beginning of your writing
Which socioeconomic goal is this?
a. Stability
b. Economic Growth
c. Equity
c. Equity
How many of the 50 states & territories have a minimum wage that is lower than the federal minimum wage or have no minimum wage at all?
a. 8 (10 if you include Montana & Oklahoma)
b. 10 (12 if you include Montana & Oklahoma)
c. 2 (4 if you include Montana & Oklahoma)
d. 5 (7 if you include Montana & Oklahoma)
a. 8 (10 if you include Montana & Oklahoma)
Which of the following is a concern about raising the minimum wage? (multiple answers, choose 1!)
a. Businesses may close because they cannot afford to pay workers
b. Businesses may find alternatives to hiring workers
c. People will have more money to spend to help boost the economy
d. Lower income workers can feel a bit more secure in their finances
a. Businesses may close because they cannot afford to pay workers AND
b. Businesses may find alternatives to hiring workers
What is a thesis statement?
a. one sentence that expresses your main idea & claims (your argument, your stance!) in an essay.
b. The end to your essay
c. an idea you want to discuss in your essay.
d. a supporting detail
a. one sentence that expresses your main idea & claims (your argument, your stance!) in an essay.
Which socio-economic goal is this?
a. Stability
b. Economic Growth
c. Equity
a. Stability
How many of the 50 & territories states have a minimum wage that is higher than the federal minimum wage?
a. 25 (26 if you include Montana)
b. 30 (31 if you include Montana)
c. 33 (34 if you include Montana)
d. 42 (43 if you include Montana)
c. 33 (34 if you include Montana)
DAILY DOUBLE!
One concern economists have with raising the minimum wage is that it may cause prices to rise.
Explain! Why might businesses raise their prices if the minimum wage is increased?
If businesses have to spend more money paying their employees, the business itself needs to make more money to afford paying their employees. So they may increase their prices in order to make more money to afford to pay their employees the new minimum wage.
What is a paraphrase?
a. quoting verbatim from your source
b. lifting the author's words directly from the source
c. restating the author's ideas in your own words
d. your own original ideas
c. restating the author's ideas in your own words
Which of the following is NOT a description for the socio-economic goal "stability"?
a. no dramatic swings in employment levels or the rate of unemployment
b. protect the right of individuals to own property, choose what to buy and sell, and where to work and live
c. prices for goods and services are neither rising or falling rapidly
b. protect the right of individuals to own property, choose what to buy and sell, and where to work and live
The federal minimum wage has not been increased since this year.
a. 2005
b. 2001
c. 2002
d. 2009
d. 2009
DAILY DOUBLE!
One concern economists have with raising the minimum wage is that it will actually increase unemployment.
Explain! Why might raising the minimum wage cause businesses to start laying off/firing workers?
Business owners may lay off some of their employees because they can't afford to pay them or even close down altogether.
Or, business owners may replace their employees with technology to offset the cost of paying for labor!
What does it mean to corroborate evidence?
a. to explain your evidence
b. to find the same information, or information arguing the same thing in multiple sources
c. to explain the historical background of your evidence
d. to explain how the author's point of view impacts the evidence
b. to find the same information, or information arguing the same thing in multiple sources