1. Describe North Korea's political system or Political Climate.
2. How does Kim Jong-un lead the Country?
3. How do North Koreans interact with thier Government?
4. Describe North Korea's economic system.
5. How do North Koreans meet their basic survuval needs?
6. What was the most surprising information you learned about life in North Korea from the film, provide 3 examples.
7. What are 3 questions you have about North Korea after viewing this film.
8. After viewing the film, write a paragraph to describe what life is like for the citizens of North Korea and describe how you would handle life if you lived in North Korea.
Thursday, February 12, 2015
Tuesday, February 10, 2015
Creative Destruction
1. In a free market, what happens if a price
is too high, a product doesn’t work, or service is lousy?
2. Why do you think Mr. Cheung started making
more things for the tourist trade?
3. What motivated telecom companies to bring
cell phones to developing countries? Did they know about the difficulties faced
by boat drivers, butchers, and egg farmers?
4. How does the rapid rollout of cell phone
technology illustrate Adam Smith’s principle of
the “invisible hand”?
5. Who benefits from new
technologies like cell phones? Who loses out?
6. Should government have banned
cell phones in order to protect the jobs of people who made and repaired
landline phones? Why?
7. “Many would say that this
[cell phone technology] revolution did more to give the average person power
and to reduce poverty than any government program.” Do you agree? Why/why not?
8. If goods and services can be
improved or made at lower cost, does it matter whether the cause is technology
or trade?
9. Rather than trying to preserve
obsolete jobs, what are some other ways we could help workers whose skills are
no longer in demand?
10. Why does competition lead to
inequality of outcome? Is that a bad thing?
11. What examples are given in
the video to show that the average person – not just the rich person – is
better off now than 25 years ago? Name 2 other examples?
12. What are some of the ways in
which poor households in the U.S. are better off now than the average household
was in the 1970s?
Monday, February 9, 2015
Free Trade
1. What is a free market?
2. Why did economist Milton Friedman
travel to Hong Kong in 1980?
3. How was Hong Kong able to prosper
despite its lack of natural resources?
4. Why was Hong Kong allowed economic
freedom after World War II even though China became a communist country?
5. Besides material wealth, on what other
quality of life measures did Hong Kong match Western countries by 1980?
6. What did Milton Friedman mean by an
“atmosphere of incentive”?
7. GDP per capita is just a number. Why
should we care if it increases? How does it affect the life of the average
person?
8. Why has much of the world tried to
follow Hong Kong’s example?
9. Why might some people see a free market
economy as dog-eat-dog? Why didn’t Friedman see it this way?
10. What is voluntary association?
11. How do prices influence people’s
actions?
12. If more people purchase tomatoes at
their current price, how does that influence Ng Choi’s pricing decision?
13. How does the production of a pencil
illustrate the “invisible hand” of the market?
Thursday, February 5, 2015
Monday, February 2, 2015
Textbook URL link
http://ocas.pearsonschool.com/ph/cd/0-13-251420-6/?token=53616c7465645f5f1fb75ad6259c730fa23234173e484f6bc8c48136ba385f29cc54174831a68c34a993020be365b891c11f96f4a7943ea2
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