Wednesday, November 28, 2018

Wednesday November 28

Review Concepts:

  • What types of products does the government tend to tax?  Why?


Resources:

Student Workpoint 5.2 - Answers


New Concept:
  • The effect of a subsidy on the demand for and supply of a product
Resources:
Power Point - Subsidies and their effect on the demand for and supply of a product

Video - "Dollar Menu"  Segment from the documentary video, Food, Inc.This segment speaks of  the link between subsidies and the food we eat.

Video - "A Cornucopia of Choices"  Segment from the documentary video, Food, Inc.  This segment shows how corn subsidies have turned us all into creatures made out of corn


Homework:
  • Read Chapter 5 - The Effect of a subsidy on the Demand for and Supply of a Product, Pages 68-69

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