Economic Goals

What are TWO examples of ECONOMIC FREEDOM?

• Guard against inflation

• Businesses are free to choose who they want to hire

• Individuals are free to choose their own occupations

• Equal pay for equal work

What is ONE example of ECONOMIC EFFICIENCY?

• Minimum wage

• Equal pay for equal work

• We determine the best use for our scarce resources

• Protection from layoff and illness

What are TWO examples of ECONOMIC EQUITY?

• Equal pay for equal work

• Enables more people to work

• Minimum wage

• Protection from layoff and illness

What are TWO examples of ECONOMIC SECURITY?

• Protection from layoff and illness

• Equal pay for equal work

• Individuals are free to choose their own occupations

• Social Security

What is ONE example of FULL EMPLOYMENT?

• Provides jobs so everyone gets a chance to work and earn a living

• Equal pay for equal work

• Guard against inflation

• Minimum wage

What is ONE example of PRICE STABILITY?

• Equal pay for equal work

• Minimum wage

• Social Security

• Guard against inflation

What are TWO examples of ECONOMIC GROWTH?

• Growth is necessary to meet all needs

• Enables more people to work

• Guard against inflation

• Businesses are free to choose who they want to hire

In my Native American tribe, we use the skin of the buffalo for teepees, the fur for blankets, the meat for food, and the bones for tools.

• Freedom
• Efficiency
• Growth
• Security

I decided to attend a specialty high school that offered experience in fixing cars so I could be an auto mechanic when I get older.  I’ve wanted to be one since I was a little kid.

• security
• equity
• stability
• freedom

My mom had to have surgery. Luckily she had health insurance that helped cover the cost for the surgery.

• equity

• security

• freedom

• efficiency