ALEX Classroom Resources

ALEX Classroom Resources  
   View Standards     Standard(s): [SS2010] ECON (12) 3 :
3 ) Describe different economic systems used to allocate scarce goods and services.

•  Defining command, market, and mixed economic systems
•  Describing how different economic systems answer the three basic economic questions of what to produce, how to produce, and for whom to produce
•  Evaluating how each type of system addresses private ownership, profit motive, consumer sovereignty, competition, and government regulation
[SS2010] ECON (12) 4 :
4 ) Describe the role of government in a market economy, including promoting and securing competition, protecting private property rights, promoting equity, providing public goods and services, resolving externalities and other market failures, and stabilizing growth in the economy.

•  Explaining how government regulation and deregulation policies affect consumers and producers
[SS2010] ECON (12) 7 :
7 ) Describe the organization and role of business.

•  Comparing types of business firms, including sole proprietorships, partnerships, and corporations
•  Explaining the role of profit as an incentive, including short-term versus long-run decisions, for all firms
•  Describing basic characteristics of pure competition, monopoly, monopolistic competition, and oligopoly
•  Explaining ways firms finance operations, including retained earnings, stocks, and debt, and the advantages and disadvantages of each
•  Explaining ways firms engage in price and nonprice competition
•  Recognizing the role of economic institutions, including labor unions and nonprofit organizations, in market economies
[SS2010] ECON (12) 8 :
8 ) Explain the impact of the labor market on the United States' economy.

•  Identifying regional characteristics of the labor force of the United States, including gender, race, socioeconomic background, education, age, and regional specialization
•  Explaining how supply of and demand for labor affect wages
•  Describing characteristics that are most likely to increase wage and nonwage benefits, including skill, productivity, education, occupation, and mobility
•  Explaining how unemployment and inflation impose costs on individuals and nations
•  Determining the relationship of Alabama and the United States to the global economy regarding current technological innovations and industries (Alabama)
Examples: World Wide Web, peanut industry, telecommunications industry, aerospace industry

•  Tracing the history of labor unions and methods of contract negotiation by labor and management (Alabama)
Subject: Social Studies (12)
Title: Flying Cheap: The Crash of Continental Flight 3407

In February 2009, Continental Flight 3407 crashed outside of Buffalo, NY, killing 50 people. The flight was operated by Colgan Air, a regional airline that flies routes under contract for US Airways, United, and Continental. The crash and subsequent investigation revealed a little-known trend in the airline industry: Major airlines have outsourced more of their flights to obscure regional carriers.

In this video chapter from FRONTLINE  Flying Cheap, correspondent Miles O'Brien explores this trend and examines some of the many factors that may have contributed to the accident.

ALEX Classroom Resources: 1

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