In your own words... 2. Identify the role of businesses in the circular flow.

3. Identify the role of workers/individuals in the circular flow.

4. Define "The Law of Demand”.

5. Explain the substitution effect and give an example from your personal life

6. List & explain 3 factors that affect demand

7. Explain price elasticity and name 1 product this is elastic and 1 that is inelastic

8. Define "The Law of Supply"

9. List 3 determinants (factors) of supply.

10. What are the two main variables in the law of supply and what is the relationship between the two?

Section 1: this section deals with the possible implications (consequences) of sexual activity or abstinence for a teenager. 1. being sexually active can impact teenagers emotionally. in a complete paragraph, discuss one emotional impact of sexual activity. remember to refer to facts you’ve learned to answer the question. (10 points) 2. choices we make affect our health. in a complete paragraph, discuss a possible health consequence for sexually active teens. remember to refer to facts you’ve learned to answer the question. (10 points) 3. throughout this course, we have discussed goal setting. in a complete paragraph, discuss how sexual involvement can change or potentially influence a teen’s goals? (15 points) 4. in a complete paragraph, explain how your value system impacts your choices about abstinence versus sexual activity. (15 points)