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.
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 veryorganized 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.
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 veryorganized 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
Supply and Demand in a Private Enterprise System
Consultant Assignment #3 Rubric
Student Name: _____________________________________________________
CATEGORY
20
15
10
5 or less
Organization
Information is veryorganized 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 _______
ECONOMIC RESOURCES Rubric
Student Name: _____________________________________________________
CATEGORY
20
15
10
5 or less
Organization
Information is veryorganized 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