* Please number and write out ALL questions and answers in complete sentences.

* Leave a space between your question and answer.

* Leave a space between each question.

* Please attempt to be as neat as possible.

* Cut and paste all work into e-mail. NO ATTACHMENTS!

* Send the entire week's work in ONE e-mail .


Week #2

What is Economics?

We begin this course by some of the basics. We will begin by examining a fundamental economic problem: scarcity. We will also be learning many, many terms in the chapter that we will be using in the weeks ahead to understand economics.

Complete Study Guide for Ch. 1 (worth 44 points)

1. Read Chapter 1 Section 1 "Scarcity and the Science of Economics" (pp. 5-10) and answer Section 1 Review questions 1-5 on page 10 (worth 16 points). Title your responses to this activity "Chapter 1 Section 1."

2. Read Chapter 1 Section 2 "Basic Economic Concepts" (pp. 12-17) and answer Section 2 Review questions 1-4 on page 17 (worth 9 points). Title your responses to this activity "Chapter 1 Section 2."

3. Read through "Adam Smith" in the Profiles in Economics article on p. 18. There are no questions to answer for this article but this information will be on an upcoming quiz.

4. Read Chapter 1 Section 3 "Economic Choices and Decision Making" (pp. 19-25) and answer Section 3 Review questions 1-4 on page 25 (worth 33 points). Title your responses to this activity "Chapter 1 Section 3."

Once you have completed all of this work (worth 102 points), copy and paste your answers into ONE E-MAIL titled "Assignment 1 Homework." Be sure to include your full name at the top of your e-mail and send it to haskellgs@yahoo.com.by 3 PM Friday.