CCSS3: All the things you need to study for the test on Unit 5

For the test on Unit 5: The Economy, you´ll need

1.the three handouts I made from the powerpoint on unit 5. Here you have all three together:

https://www.dropbox.com/s/hof7t3ctv1wbunh/CCSS3%20Unit%205%20COMPLETE.pptx?dl=0

2. the chart on the types of economies (below)

	CAPITALISM	“MIXED ECONOMY”	SOCIALISM	COMMUNISM
Who owns the means of production?	Private people (investors)	The owners of private companies, or, in the case of public works, the state.	The state	The whole community without the state
Who get the extra profit?	Private people who own the means of production (the investors)	The owners of private companies, or, in the case of public works, the state.	The workers	The whole community
How involved is the state in the economy?	It doesn´t get involved in the economy at all.	It sometimes intervenes in the economy.	Totally involved (it is the only actor)	There is no state. It naturally ceases to exist because there is no need for it.
Who makes schools, roads, firemen, police, armies, etc.?	Private people (investors)	The state and sometimes private investors	The state	The whole community

3. The handout on Capitalism with the 19 questions, which is also on the blog:

https://www.dropbox.com/s/ln01vkcb5h00nyi/ccss3%20capitalism%20handout%20with%20questions%20and%20answers.docx?dl=0

4. The handout on Supply & Demand with the 5 questions, which is also posted on the blog:

https://www.dropbox.com/s/4dvhsojiloybabf/CCSS3%20Supply%20and%20Demand%20handout.docx?dl=0

5. The Questions for reflection on Unit 5: 

1.        After studying the economic spectrum (capitalism – “mixed economy” – socialism – communism), what do you think is the most efficient system? Why? What do you think is the fairest (most just) system? Why? Finally, what is the best system overall? Why?

2.        What is planned obsolescence? What is its purpose? How did you feel while watching, “The Lightbulb Conspiracy: The Untold Story of Planned Obsolescence”?

3.        In the context of the film, what is the significance of the statement: “Posterity will never forgive us.”?  Do you agree?  What solutions do you think could fix this problem?

6. Your notes from class on "The Lightbulb Conspiracy: The Untold Story of Planned Obsolescence", which include the definitions for "Planned Obsolescence" and "cartel".