2/13-2/16 Economics

Answer the following four questions in paragraph form using Lessons 9-10.

1) Explain how competition protects worker and consumers.

2) If you expect to live to be 80 years old, why would you seriously consider saving a large amount of your income and investing it while you are young?

3) Respond to someone who says, "It hurts the economy when people save too much, because if people don't spend, businesses can't hire workers."

4) Respond to someone who says," For every lender who grows rich, there must be a borrower who grows poor."

Start studying the vocabulary words for Lessons 8-10. It is less than 20 terms. There will be a test on Wednesday.