PPT-Apply the Fund Economy Act Goods or Services

FINANCE AND COMPTROLLER SCHOOL FC Leaders in a classroom environment working as a small group member using the DoDFMR Volume 3 Federal Acquisition Regulation FAR personal experiences discussion. What key economic questions must every society answer?. What basic economic goals do societies have?. What types of economic systems exist today?. The Three Economic Questions. Every society must answer three questions:. Trade Then and Now. Pgs. 72-79. FOCUS ON THE MAIN IDEA. People trade for the goods and services that they need and want.. Vocabulary Words. need. -something that a person must have to live.. w. ant. Between December 2014 and January 2015 the . unemployment rate rose from 5.6 percent to 5.7 percent.. . Question:. How can we explain this positive reaction when the unemployment rate rose?. Economists React to the January Jobs Report: ‘Astonishingly Strong’. What is Economics?. Economics. is the study of how people seek to satisfy their . needs. and . wants. by making choices.. Needs. – Things that are . necessary. for survival (air, food, water, shelter).. What should be produced?. How should it be produced?. Who should get it?. Well, the way a country answers those questions determines its economic system.. Your job is to . learn three . basic types of economic systems and to be able to compare them.. Economics is the study of how individuals, businesses and nations…. Make things. Buy things. Spend money. Save money. People who study economics are called economists.. People have both wants and needs.. Chapter 16. Section . 1: . Government . Intervention in the Economy. Our U.S. economy is a . capitalistic. economy. . Private . citizens . own. and use the factors of production to seek a profit.. Between December 2014 and January 2015 the . unemployment rate rose from 5.6 percent to 5.7 percent.. . Question:. How can we explain this positive reaction when the unemployment rate rose?. Economists React to the January Jobs Report: ‘Astonishingly Strong’. Why? Or Why not?. How do . we know . if the economy is doing well or not?. GDP. CHAPTER 12.1. Why does measuring the Economy matter?. National income accounting uses statistical measures of income, spending, and output to help people understand what is happening to a country's economy. . How . do economic systems answer the questions of what, how, and for whom to produce?. Standards:. SS6E1a. , SS6E5a, SS6E8a. . Compare how traditional, command, and market economies answer the economic questions of (1) what to produce, (2) how to produce, and (3) for whom to produce. & Saudi Arabia. Standards. SS7E5 The student will analyze different economic systems. . a. Compare how traditional, command, and market economies answer the economic questions of (1) what to produce, (2) how to produce, and (3) for whom to produce. . China, India, Japan,. & North Korea. Standards. SS7E8 . The student will analyze different economic systems. . a. Compare how traditional, command, market economies answer the economic questions of (1) what to produce, (2) how to produce, and (3) for whom to produce. . What should be produced?. How should it be produced?. Who should get it?. Well, the way a country answers those questions determines its economic system.. Your job is to . learn three . basic types of economic systems and to be able to compare them.. TERMINAL LEARNING OBJECTIVE. Action. : Fund Economy Act Goods or Services. Conditions. : . DoDFMR. Volume 11A chapter 3, . DoDFMR. Volume 4, . DoDFMR. Volume 6, DFAS IN . Reg. 37-1 Ch 12, . FAR 17.503 .