“Chickenomics”
(Capitalism / Market Economic System)
1. What was the Chicken’s original salary? Current Salary?
2. What is another term for a market economy?
3. List the five Characteristics of a market economy.
4. With regard to private property, what is one economic role of the government?
5. What is the chicken’s greatest asset?
6. List the jobs in which the Chicken was not a success?
7. Give the title of the Chicken’s favorite record?
8. Why is the Chicken able to charge such high fees for his performances?
9. Give three examples of the marketplace?
10. Describe the exchange between buyers and sellers in the market place?
11. What did the Chicken do with his skills in the marketplace?
12. List three of the Chicken’s current competitors?
13. What did the chicken learn about competition by selling the chicken dolls?
14. What does it take to reach the successful financial level of the Chicken?