Exploring Public Goods and Services in Community and Economy

What materials are needed for the lesson on public goods and services?

• Citizen guide pages 34 and 35, paper, pencil

• Citizen guide pages 33 and 34, notebook, pen

• Citizen guide pages 34 and 35, notebook, pencil

• Citizen guide pages 35 and 36, paper, marker

Tags

CCSS.RI.2.5

CCSS.RI.5.5

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.3.5

What percentage of a $50 paycheck is used to pay for school expenses?

• 12%

• 10%

• 15%

• 8%

What is the net pay after all deductions from a $50 paycheck?

• $50

• $44

• $35

• $39

Tags

CCSS.7.NS.A.1D

Which of the following is an example of a public good?

• Internet service

• Barber shop

• Public park

• Toy store

What is philanthropy?

• Voluntary giving by individuals to public causes

• A tax levied by the government

• A type of private business

• A government program

Tags

CCSS.RI.2.5

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.1.5

Which of these is considered both a public and private good or service?

• Libraries

• Schools

• Malls

• Roads

What does the Venn diagram activity help illustrate?

• Differences between various economic systems

• Comparison between public and private goods and services

• Historical development of public services

• Mathematical skills in economics

Who decides how tax money is spent in a community?

• Local businesses

• Elected government leaders

• Nonprofit organizations

• All citizens directly

What is the role of taxes in a community?

• To pay for private goods and services

• To fund public goods and services

• To support international trade

• To increase the wealth of elected officials

Why is voting important in a democracy?

• It helps in selecting movie stars

• It is a method for public entertainment

• It influences how tax money is spent

• It is only a symbolic act

Tags

CCSS.RI.3.2

CCSS.RI.2.2

CCSS.RL.4.2

CCSS.RL.1.2

CCSS.RL.3.2