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01.06 Critical Thinking Questions

 Please answer each question with a minimum of 3-5 complete sentences based on the text in the lessons.  Remember to check your grammar and spelling.  Submit through the Assessment Tab.

1. In the lesson you learned that a market economy is where the prices of services and goods are determined through a free system. Tell what you think an advantage and disadvantage is of this type of economy.

2. You are now familiar with government and how it plays a role in our economy. What are the advantages and disadvantages of governmental involvement? What changes would you make to improve government’s role?