Economics Test on Unit 1 - Thursday, Feb. 2

Chapters 1, 2, and 3

You may prepare a Study Guide which can be used during the test. Your study guide should include:

The vocabulary

A review of charts, diagrams, illustrations, and images throughout these chapters

There will be a SHORT review of Chapter 3 prior to beginning the test.

The following areas will be covered in the 10 questions for Chapter 3:

Understand what "dividends" and "credit unions" are,

On Page 82, Chapter 3 Assessment "Reviewing the Facts" know #'s 4 and 11

Read and understand the Figure 3.2 on Page 63

Study the Business Organizations image of Page 65 and be prepared to know about "Preferred Stock"

Understand Business Regulation on Page 66

Review the Business Combinations Figure 3.5 on Page 71

Know about Labor, Professional, and Business Organizations on Pages 76-77

What are some differences between the Direct role of Government and the Indirect Role on Page 78

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