Inquiry: Two Systems by Charles O'Connor https://padlet.com/SRVUSD/4urkhdeu235a Econ 4 en-us 2017-09-14 16:52:18 UTC 2024-02-20 11:53:53 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Pizza.png Two Human Systems coconnor15 https://padlet.com/SRVUSD/4urkhdeu235a/wish/187663285 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.]]> 2017-09-14 16:54:34 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187663285 Questions sr_afahrenkrog https://padlet.com/SRVUSD/4urkhdeu235a/wish/187694724 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?]]> 2017-09-14 17:55:55 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187694724 Questions sr_rbayliss https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695592 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)?]]> 2017-09-14 17:57:40 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695592 Questions sr_sdimauro https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695672 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 ?

]]> 2017-09-14 17:57:50 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695672 Question sr_mgonzalez2 https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695749 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?]]> 2017-09-14 17:57:58 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695749 Questions sr_ptraylor https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695811 #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?]]> 2017-09-14 17:58:05 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695811 Questions sr_cwalter https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695823 1. What is the difference between wants vs needs?

2. What is the issue with land? How can this problem be fixed?]]> 2017-09-14 17:58:06 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695823 Question #1 sr_szeleny https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695825 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?

]]> 2017-09-14 17:58:07 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695825 Questions sr_tsasaki https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695844 1. Why might food production grow faster than population?

2. What are some of the disadvantages of laissez faire capitalism?]]> 2017-09-14 17:58:10 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695844 Questions sr_adunn https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695900 1. Are there more than two systems when it comes to how we think?
2. How does an entrepreneur go into business?]]> 2017-09-14 17:58:18 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695900 Question sr_swhite https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695918 - Why are managers/owners included in the labor factor, but entrepreneurs not ?
- How can we prevent population from affecting food production?]]> 2017-09-14 17:58:19 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695918 Question #1 sr_vgonzalezsoto https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695947 What are the economic differences between needs and wants, and why are wants so much more expensive?

]]> 2017-09-14 17:58:23 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187695947 Questions sr_mbray https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696036 1) How can we overcome our human biases and perceptions? 

2) What are the different kids of capital?]]> 2017-09-14 17:58:31 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696036 Questions 1/2 sr_ecastillo2 https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696038 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?

]]> 2017-09-14 17:58:31 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696038 Questions sr_aabbott https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696087 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?
 ]]> 2017-09-14 17:58:38 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696087 sr_obronge https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696098 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? 
]]> 2017-09-14 17:58:39 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696098 Questions sr_lforeman https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696100 1. Which step in the factories of production is the most important? 
2. What is an example of using your automatic system? ]]> 2017-09-14 17:58:39 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696100 Questions sr_lsimons https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696106 1) Do certain people have more important needs than others?
2) If and where have you experienced the Invisible Hand?]]> 2017-09-14 17:58:40 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696106 question sr_spaulus https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696166 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? ]]> 2017-09-14 17:58:43 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696166 Question 1 sr_gpletschet https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696185  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
]]> 2017-09-14 17:58:44 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696185 Question sr_lmcdonald https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696209 1) What is the difference is between traditional and centrally planned economic systems?]]> 2017-09-14 17:58:47 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696209 Questions sr_tsmith https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696316 1. What makes a critical factor critical to economics? 
2. How come the two tables are perceived as different sizes?
]]> 2017-09-14 17:59:01 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696316 In what situation would an elephants head get chopped off in such a gruesome way? sr_atorres https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696363 2017-09-14 17:59:08 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696363 Question sr_lfenoglio https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696422 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? ]]> 2017-09-14 17:59:18 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696422 Question 1 sr_bburke https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696468 What is an example of a want vs a need?]]> 2017-09-14 17:59:24 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696468 Questions sr_jlax https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696599 What market does America need?
Should entrepreneurs be counted in the labor force?]]> 2017-09-14 17:59:43 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696599 Question #2 sr_vgonzalezsoto https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696646 Does economics really have freedom if every system has regulations?]]> 2017-09-14 17:59:48 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696646 Questions sr_bmcdonald https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696738 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?
]]> 2017-09-14 17:59:59 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696738 Questions sr_garkin https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696759 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? ]]> 2017-09-14 18:00:02 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696759 questions 1 and 2 sr_atorres https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696914 How can we measure how effective someones automatic system is?

What factor our reflective system to not work as efficiently as possible?]]> 2017-09-14 18:00:23 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696914 When does our economic freedom of choice become a danger to ourselves or others? sr_saus https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696923 2017-09-14 18:00:24 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187696923 Questions sr_eplihon https://padlet.com/SRVUSD/4urkhdeu235a/wish/187697172 1/What are wants vs. needs?
2/How is supply and demand best demonstrated?]]> 2017-09-14 18:00:55 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187697172 Questions sr_ascarpinato https://padlet.com/SRVUSD/4urkhdeu235a/wish/187697219 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. ]]> 2017-09-14 18:01:03 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187697219 Question 2 sr_bburke https://padlet.com/SRVUSD/4urkhdeu235a/wish/187697278 What are some downsides of laissez faire economics?

]]> 2017-09-14 18:01:10 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187697278 Question 1 & 2 sr_sbura2 https://padlet.com/SRVUSD/4urkhdeu235a/wish/187698420 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?]]> 2017-09-14 18:03:25 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187698420 Question 1and 2 sr_imolina https://padlet.com/SRVUSD/4urkhdeu235a/wish/187700231 1. Is a car a want or a need in this time and day
2. ]]> 2017-09-14 18:05:57 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187700231 Question 1&2 sr_imolina https://padlet.com/SRVUSD/4urkhdeu235a/wish/187702013 1. Does culture affect the steps of running a business?
2. Are cars a need or a want in this era?]]> 2017-09-14 18:09:49 UTC https://padlet.com/SRVUSD/4urkhdeu235a/wish/187702013