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You're all asking questions in your notes (or you should be), so let's start getting some answers!  Make sure you're NOT "anonymous."

Step #1:  Double-click on the wallpaper to open a new text box (Do NOT add comment to this post).
Step #2:  Write down one or two questions you have about our Two Systems (from the Nudge reading) or Economics Basics notes or from Google Classroom question, or anywhere).
Step #3:  Answer at least two questions from two of your peers.
Note:  In order to answer you may use information from your notes, class, personal experience, or REASON a possible explanation if you're not sure.

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1.Out of the 4 factors of production, why are entrepreneurs separate from the labor "factor?"
2. Why is it that some people are able to have certain skills in their Automatic System but others can only have them in their Reflective System?

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1.Although we talked about the difference between labor and entrepreneur in class, I do not fully understand it. How can labor include factory owners/management and not entrepreneurs?

2. The 'Biases and Blunders' article likens our Automatic System to a gut reaction. "Gut feelings can be quite accurate, but we often make mistakes because we rely too much on our Automatic System." (21). How do we know when to trust our Automatic System?

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1. What are the crucial differences between laborers and entrepreneurs?

2. What is an example of a business that reaches all five economic goals, in addition to “other” goals (e.g. environmental protection)?

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1) When do think it would be an important time for economists to use their Reflective systems?
2) How can our automatic system affect us negatively ?

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1. Why might food production grow faster than population?

2. What are some of the disadvantages of laissez faire capitalism?

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1. Which countries have changed their own economic systems from more traditional roots to a either a free market, centralized or mixed economic system?

2. Which countries have the biggest misconceptions about their own economic systems?

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1. Do you think the Automatic system hinders us or helps us most of the time?
2. What do you think the meaning of life is?

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How do most companies find the right place to produce goods and services?

Question #2
What are the most important needs and wants for the Labor factor of production?

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1. Are there more than two systems when it comes to how we think?
2. How does an entrepreneur go into business?

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#1 How are the prices of the bat (in example 1) determined?

#2 Why do the tables still look like they are different proportions even even you cover everything but the top?

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1. What is the difference between wants vs needs?

2. What is the issue with land? How can this problem be fixed?

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- Why are managers/owners included in the labor factor, but entrepreneurs not ?
- How can we prevent population from affecting food production?

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1) What is the difference is between traditional and centrally planned economic systems?

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What are the economic differences between needs and wants, and why are wants so much more expensive?

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1) Do certain people have more important needs than others?
2) If and where have you experienced the Invisible Hand?

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1) How can we overcome our human biases and perceptions?

2) What are the different kids of capital?

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1. Which step in the factories of production is the most important?
2. What is an example of using your automatic system?

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1. Does tradition affect the way we think in terms of government and economic systems?
2.  Why aren't entrepreneurs included in the labor force, but include factory owners and managers?

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What happens if the initial entrepreneur and head of a company is no longer the head or CEO? Does that mean the company has none or is the new head an entrepreneur because wouldn’t that make them management? At what point can an entrepreneur stop being an entrepreneur and become labor force for management?

Question 2
How can we encourage voters to use their Reflective System instead of solely relying on the Automatic System? can we get voters to care about the issues

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1) which factor is the most important out of all of the factors of production?
2) Do you think the american free enterprise is the best economic system?

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When does our economic freedom of choice become a danger to ourselves or others? 

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When does our economic freedom of choice become a danger to ourselves or others? 

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In what situation would an elephants head get chopped off in such a gruesome way?

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In what situation would an elephants head get chopped off in such a gruesome way?

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1. What makes a critical factor critical to economics?

2. How come the two tables are perceived as different sizes?

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1) What parts of the brain are responsible for each system?

2) How would our lives be affected if we only relied on the Reflective system instead of automatic and vise versa?

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What is an example of a want vs a need?

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What market does America need?
Should entrepreneurs be counted in the labor force?

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Does economics really have freedom if every system has regulations?

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1. What is so important about scarcity of resources and what can we do to eliminate the need for scarce resources?

2.  Why is efficiency so important and can you it have down sides to being efficient? if so why?

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1. Have any other countries  adopted the American Free Enterprises form of economy?

2.Which of the four economic concepts is the least important to a modern economy. Can any of these necessities be done away with?

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How can we measure how effective someones automatic system is?

What factor our reflective system to not work as efficiently as possible?

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1. Are there controlled economies that are not considered communist, or are the two 100% linked to each other
2. Do any major countries have a traditional economic system or elements of it.

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1/What are wants vs. needs?
2/How is supply and demand best demonstrated?

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1. Is a car a want or a need in this time and day
2.

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What are some downsides of laissez faire economics?

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What system do you believe is the most important?

Do you think everyone has an entrepreneur mindset or is it something you're born with?

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1. Does culture affect the steps of running a business?
2. Are cars a need or a want in this era?