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2.12 supply-demand-private-enterprise IND Practice

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Supply and Demand in a Private Enterprise System

Independent Practice Assignment Sheet

Wants and Needs Research Assignment #1: Ask students to locate an article from a

business publication or newspaper that illustrates the concepts of unlimited

wants and needs and limited resources. Write a two-paragraph summary of the

article that incorporates key terms from this lesson.

Rate that Business Decision Assignment #2: Locate and read a news report

describing a decision made by a business. Describe what you believe could be

the opportunity cost of your choice. You must justify your answer by writing two

paragraphs to explain their position.

Consultant Assignment #3: Play the role of a business consultant. Write a memo to

an entrepreneur who is opening a new restaurant in the community. Students

must explain the importance of supply and demand in determining the prices to

charge at the restaurant. Students must also give the new business owner advice

on how to avoid lower prices due to competition. Write a one-page paper to

describe your advice to the entrepreneur.

ECONOMIC RESOURCES

List the three types of economic resources. Then choose a product and describe

how each economic resource is needed and used in its production. Write a

paragraph to explain the economic resources for your chosen product.

(2)

Supply and Demand in a Private Enterprise System

Wants and Needs Research Assignment #1 Rubric

Student Name: _____________________________________________________

CATEGORY

20

15

10

5 or less

Organization

Information is very

organized with well-constructed paragraphs and subheadings.

Information is organized with well-constructed paragraphs.

Information is organized, but paragraphs are not well-constructed.

The information appears to be disorganized. 8)

Quality of

Information

Information clearly relates to the main topic. It includes several supporting details and/or examples.

Information clearly relates to the main topic. It provides 1-2 supporting details and/or examples.

Information clearly relates to the main topic. No details and/or examples are given.

Information has little or nothing to do with the main topic.

Amount of

Information

All topics are addressed and all questions answered with at least 2 sentences about each.

All topics are addressed and most questions answered with at least 2 sentences about each.

All topics are addressed, and most questions answered with 1 sentence about each.

One or more topics were not addressed.

Sources

All sources (information and graphics) are accurately documented in the desired format.

All sources (information and graphics) are accurately

documented, but a few are not in the desired format.

All sources (information and graphics) are accurately documented, but many are not in the desired format.

Some sources are not accurately documented.

Diagrams &

Illustrations

Diagrams and illustrations are neat, accurate and add to the reader's

understanding of the topic.

Diagrams and illustrations are accurate and add to the reader's

understanding of the topic.

Diagrams and illustrations are neat and accurate and sometimes add to the reader's

understanding of the topic.

Diagrams and illustrations are not accurate OR do not add to the reader's understanding of the topic.

(3)

Supply and Demand in a Private Enterprise System

Rate that Business Decision Assignment #2 Rubric

Student Name: _____________________________________________________

CATEGORY

20

15

10

5 or less

Organization

Information is very

organized with well-constructed paragraphs and subheadings.

Information is organized with well-constructed paragraphs.

Information is organized, but paragraphs are not well-constructed.

The information appears to be disorganized. 8)

Quality of

Information

Information clearly relates to the main topic. It includes several supporting details and/or examples.

Information clearly relates to the main topic. It provides 1-2 supporting details and/or examples.

Information clearly relates to the main topic. No details and/or examples are given.

Information has little or nothing to do with the main topic.

Amount of

Information

All topics are addressed and all questions answered with at least 2 sentences about each.

All topics are addressed and most questions answered with at least 2 sentences about each.

All topics are addressed, and most questions answered with 1 sentence about each.

One or more topics were not addressed.

Sources

All sources (information and graphics) are accurately documented in the desired format.

All sources (information and graphics) are accurately

documented, but a few are not in the desired format.

All sources (information and graphics) are accurately documented, but many are not in the desired format.

Some sources are not accurately documented.

Diagrams &

Illustrations

Diagrams and illustrations are neat, accurate and add to the reader's

understanding of the topic.

Diagrams and illustrations are accurate and add to the reader's

understanding of the topic.

Diagrams and illustrations are neat and accurate and sometimes add to the reader's

understanding of the topic.

Diagrams and illustrations are not accurate OR do not add to the reader's understanding of the topic.

Total Score _______

Maximum 100 Points

(4)

Supply and Demand in a Private Enterprise System

Consultant Assignment #3 Rubric

Student Name: _____________________________________________________

CATEGORY

20

15

10

5 or less

Organization

Information is very

organized with well-constructed paragraphs and subheadings.

Information is organized with well-constructed paragraphs.

Information is organized, but paragraphs are not well-constructed.

The information appears to be disorganized. 8)

Quality of

Information

Information clearly relates to the main topic. It includes several supporting details and/or examples.

Information clearly relates to the main topic. It provides 1-2 supporting details and/or examples.

Information clearly relates to the main topic. No details and/or examples are given.

Information has little or nothing to do with the main topic.

Amount of

Information

All topics are addressed and all questions answered with at least 2 sentences about each.

All topics are addressed and most questions answered with at least 2 sentences about each.

All topics are addressed, and most questions answered with 1 sentence about each.

One or more topics were not addressed.

Sources

All sources (information and graphics) are accurately documented in the desired format.

All sources (information and graphics) are accurately

documented, but a few are not in the desired format.

All sources (information and graphics) are accurately documented, but many are not in the desired format.

Some sources are not accurately documented.

Diagrams &

Illustrations

Diagrams and illustrations are neat, accurate and add to the reader's

understanding of the topic.

Diagrams and illustrations are accurate and add to the reader's

understanding of the topic.

Diagrams and illustrations are neat and accurate and sometimes add to the reader's

understanding of the topic.

Diagrams and illustrations are not accurate OR do not add to the reader's understanding of the topic.

Total Score _______

(5)

ECONOMIC RESOURCES Rubric

Student Name: _____________________________________________________

CATEGORY

20

15

10

5 or less

Organization

Information is very

organized with well-constructed paragraphs and subheadings.

Information is organized with well-constructed paragraphs.

Information is organized, but paragraphs are not well-constructed.

The information appears to be disorganized. 8)

Quality of

Information

Information clearly relates to the main topic. It includes several supporting details and/or examples.

Information clearly relates to the main topic. It provides 1-2 supporting details and/or examples.

Information clearly relates to the main topic. No details and/or examples are given.

Information has little or nothing to do with the main topic.

Amount of

Information

All topics are addressed and all questions answered with at least 2 sentences about each.

All topics are addressed and most questions answered with at least 2 sentences about each.

All topics are addressed, and most questions answered with 1 sentence about each.

One or more topics were not addressed.

Sources

All sources (information and graphics) are accurately documented in the desired format.

All sources (information and graphics) are accurately

documented, but a few are not in the desired format.

All sources (information and graphics) are accurately documented, but many are not in the desired format.

Some sources are not accurately documented.

Diagrams &

Illustrations

Diagrams and illustrations are neat, accurate and add to the reader's

understanding of the topic.

Diagrams and illustrations are accurate and add to the reader's

understanding of the topic.

Diagrams and illustrations are neat and accurate and sometimes add to the reader's

understanding of the topic.

Diagrams and illustrations are not accurate OR do not add to the reader's understanding of the topic.

Total Score _______

Maximum 100 Points

References

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