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Cause Effect Because resources are _____ people must make choices. If you don't see any interesting for you, use our search form on bottom ↓ . CREATING A CUSTOMIZED FILE economy economic system in which the allocation of scarce resources and other economic activities are based on ritual, habit, or custom Student Web Activity Visit the Economics: Principles and Practices Web site at glencoe.com and click on Chapter 2—Student Web Activities for an activity on the economies of traditional societies. Reading Essentials and Study Guide Lesson 2 Our Economic Choices, Continued The Choices Producers Make Guiding Question Why must producers make production choices? Students use the reading to help them answer basic questions and complete a chart about making economic choices. Economics describes economic activity. Guided Reading Activities provide you with resources to help students focus on the key infor-mation and concepts in each chapter of Economics Today and Tomorrow. It helps to think of our economy as being made up of two broad groups—producers and consumers. 1, 1 For example, it uses terms such as Gross Domestic Product (GDP), which is the dollar value of all final goods, services, and structures made Answers to the Guided Reading Activity questions are in the back of the booklet. ORGANIZING YOUR THOUGHTS Use the cause-and-effect diagram below to help you take notes as you read the summaries that follow. Integrate economics content with yo Multiple choice, short answer, and writing prompt questions are included, along with an answer key. Everything we make requires the four factors of production. A. This is why we offer the books compilations in this website. 1. Production possibilities consist of four factors. The reproducible activities follow the outlines of each section in the chapter. Protestant Reformation DBQ - White Plains Public Schools study of these choices and how people make them forms the basis of economics. 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