Social Studies Economics - Bayport-Blue Point School District

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market value of the land ? Why?
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28. List the various natural resources that exist in your area.
How are they being used? How do they affect the economy
of your, area? How important are they to you personally?
29. Assume that you must borrow money to pay for tuition at a
college or a trade school, or to help finance your own
small business. What rate of interest would you have to
pay? Why is the interest rate at this level? What things
would you take into account in deciding whether or not to
pay this rate of interest?
30. Write a long letter to an imaginary student in the USSR,
describing the economic system of the United States , and
showing how our system differs from that of the USSR.
31. Make a large chart or poster describing economic systems .
Have four columns labelled Capitalism, Socialism,
Communism, and Market Socialism. List the features of
each system in the appropriate columns. Distinguish
between features that are basically economic and those
that are basically political.
32. Select any country that interests you —— perhaps one
that you would like to visit. Learn all you can about
its economic system . Write a description of that system
(
and decide how to categorize it. Would you call it
capitalist, socialist, communist, market Bocialist, or
mixed?