The US Economic System

Trading Places Essay Assignment
Mr. D’Lugo:  Economics, Spring 2021

Overview:  Section 5 of Chapter 3 in the TCI Economics Alive! digital textbook discusses 7 key characteristics of the US economic system
Your job in this essay is to pick three of these characteristics and compare what the TCI Economics Alive! digital textbook says about how they are supposed to work in the American economy with how those same characteristics are shown to work in the movie,” Trading Places”.
Steps: 
1.  Pick 3 of the 7 characteristics of the American economy discussed in Section 5 of chapter 3.  Here are the 7 characteristics:
1.  Economic Freedom                      2.  Competition
3.    Equal Opportunity                        4.  Binding Contracts
5.    Property Rights                              6.  Profit Motive
7.    Limited Government

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2.  Fill out the “Trading Places Essay Graphic Organizer”
​a.  You will need to create a thesis for your essay.  Look at the first part of the “Trading Places Essay Graphic Organizer” to help you do this.
3.  Write your essay.  The essay consists of 8 paragraphs.  Here is the structure for how the essay should look:
1.  Intro paragraph with thesis and 3 characteristics of the American economy from chapter 3, section 5 the student wants to write about.
2. Body paragraph 1:  Explain how characteristic #1 is supposed to work according to the textbook
3. Body paragraph 2:  Does the movie Trading Places show this characteristic working as the textbook says or not?
4. Body paragraph 3:  Explain how characteristic #2 is supposed to work according to the textbook.
5. Body paragraph 4:  Does the movie Trading Places show this characteristic working as the textbook says or not?
6. Body paragraph 5:  Explain how characteristic #3 is supposed to work according to the textbook.
7. Body paragraph 6:  Does the movie Trading Places show this characteristic working as the textbook says or not?
8. Conclusion

For more information on The US Economic System read this: https://en.wikipedia.org/wiki/Economy_of_the_United_States

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