Chapter 3 CLCB by Kayden Brust https://padlet.com/kbrust16/zn1m53l187bx Students will be assigned small groups to create an exciting “bulletin board” that covers the contents of 3.3 and 3.4 by illustrating the key terms. en-us 2016-02-23 20:30:51 UTC 2016-02-23 20:55:30 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/28543608/25c0acb729c4b2f15f01e003a290406e9af051d7/9cf8a78530869ddf2cf41d4d90ed8ace.jpg Externality kbrust16 https://padlet.com/kbrust16/zn1m53l187bx/wish/96852047 an economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to produce or consume.

]]> 2016-02-23 20:37:45 UTC https://padlet.com/kbrust16/zn1m53l187bx/wish/96852047 Market Failure  kbrust16 https://padlet.com/kbrust16/zn1m53l187bx/wish/96854209 A situation in which the market does not distribute resources efficiently]]> 2016-02-23 20:46:16 UTC https://padlet.com/kbrust16/zn1m53l187bx/wish/96854209 Public Good kbrust16 https://padlet.com/kbrust16/zn1m53l187bx/wish/96854499  a shared good or service provided by the government]]> 2016-02-23 20:47:33 UTC https://padlet.com/kbrust16/zn1m53l187bx/wish/96854499 Public Sector kbrust16 https://padlet.com/kbrust16/zn1m53l187bx/wish/96854710 part of economy that involves transactions with the government

]]> 2016-02-23 20:48:27 UTC https://padlet.com/kbrust16/zn1m53l187bx/wish/96854710 Private Sector kbrust16 https://padlet.com/kbrust16/zn1m53l187bx/wish/96854929 The part of the economy that involves the transactions of individuals and businesses]]> 2016-02-23 20:49:25 UTC https://padlet.com/kbrust16/zn1m53l187bx/wish/96854929 Free Rider kbrust16 https://padlet.com/kbrust16/zn1m53l187bx/wish/96855022  someone who chooses not to pay for certain goods or services but gets benefits anyway

]]> 2016-02-23 20:49:45 UTC https://padlet.com/kbrust16/zn1m53l187bx/wish/96855022 Macroeconomy kbrust16 https://padlet.com/kbrust16/zn1m53l187bx/wish/96855124 the study of the behavior and decision making of entire economics ]]> 2016-02-23 20:50:10 UTC https://padlet.com/kbrust16/zn1m53l187bx/wish/96855124 Microeconomy kbrust16 https://padlet.com/kbrust16/zn1m53l187bx/wish/96855232  the study of the economic behavior and decisions making of small units, such as individuals, families, and businesses ]]> 2016-02-23 20:50:32 UTC https://padlet.com/kbrust16/zn1m53l187bx/wish/96855232 GPD kbrust16 https://padlet.com/kbrust16/zn1m53l187bx/wish/96855278  the total value of all final goods and services produced in a particular economy 

]]> 2016-02-23 20:50:49 UTC https://padlet.com/kbrust16/zn1m53l187bx/wish/96855278 Business Cycle kbrust16 https://padlet.com/kbrust16/zn1m53l187bx/wish/96855346 a period of macroeconomic expansion followed by a period of contraction]]> 2016-02-23 20:51:11 UTC https://padlet.com/kbrust16/zn1m53l187bx/wish/96855346 Technology kbrust16 https://padlet.com/kbrust16/zn1m53l187bx/wish/96855497  process used to produce a good or service

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