Econ Assignments

10-1-14  (Use Ch. 3 for help)

1. You have been hired to write the lyrics to a song titled “Who or What Decides What You Get?” Your song should be sung to the tune of any popular or well-known song. The lyrics must explain the difference between a market economy and a command economy. You may create one song that includes information about both market and command economies. Or you can create two versions of the song—one about market economies and one about command economies. Your song must: 

• include at least four Speaking of Economics terms from this lesson. 
• include at least one of the primary goals of each type of economic system. 
• explain the role of government in each type of economic system. 
• highlight at least two benefits and two drawbacks of each economic system.