1. M IXED E CONOMY By: Kelly Langan, Chelsea Allen, Charity Green, and Gina Cozzolino

2. T HE I SLAND The town center is where the city council meets and also where the doctor meets the patients. The food center is where the food is stored until being equally distributed. Town Center Food Center Housing Well Crops Area to produce harvesting machines

3. E CONOMIC P ROBLEMS Native People There are native people that already live on the island We are going to make peace and trade with them but we aren’t going to interfere with their way of living.

4. E CONOMIC P LAN Economic goal is to make sure that the basic needs of the people are met and they are safe. We have corn on our island, so we built machines that can harvest the corn faster. In order to fuel the machines, we trade some of our corn with the natives in exchange for coal. We are on good terms with the natives who live on the far end of the island. For land, we used water for drinking and growing our crops. We used the sun to grow our crops. The coal is used to fuel our machines which collect the corn. Labor--there was someone who was at a higher intellectual level, so they were designated to be the doctor of the island. Other people who had a similar intellect were on the board. Everyone is guaranteed food, protection, housing, medical care, and water. The final decisions are made by the council which is comprised of the educated people on the island. They are there to settle the big disputes amongst individuals or groups. The government’s role is to equally distribute food and water to the people. They also select the jobs based on the skills that each person has. This government also decided on the fair amount of land which is distributed equally for all the 14 people.

5. T YPE OF S YSTEM We have a socialist system The have a mixed economy our council has some rule, but they don’t make all decisions. We are traditional in the way that we work together with other people, and assign people their jobs We are like a command economy because of the way we distribute our resources and crops

6. C APITAL AND B ASIC N EEDS What kind of capital (tools, machines, etc.) will be used to produce goods? How will this capital be attained? A lot of the tools and materials came off the cargo ship in which we were on. The only machine on the island is to help us pick crops more efficiently. There are other basic medical tools used in the hospital which were also obtained from the cargo ship. Our society is very basic when it comes to machinery, we rely mostly on manual labor. Are there some basic needs that should be guaranteed for all? If so, what are they? Should individuals secure their needs by themselves? There are for sure basic needs guaranteed for all. This is in effect to keep order in our society and make all citizens happy. These basic needs are equal amounts of food, safety, equal opportunity, housing, medical care, and water. All of these needs will be provided through the system and residents do not have to worry about anything as long as they keep up their end of the bargain and work to help grow the society.

7. L AND The needs of the environment will be considered On our island, nothing that will harm the land is produced Everybody on the island has the right to water We get our water from a water well. The well was built by using parts from the ship. Soil and water are the natural resources that are used to produce goods There are rules on the use of natural resources The reason being is because the council has to divide how much of a resource people get so it won’t be overused

8. L ABOR Work that needs to be done Digging a well Building homes Building the town hall areas Planting crops Parts from ship brought to where they are needed Jobs required Doctors(on a need basis) Farmers Seamstresses Builders People to cut down trees

9. Jobs required (continued) People to move water Council Law enforcement Who does the jobs? Jobs split among the people People with more high labor jobs will only do one job, others will have more than one. Doctors will have more than one because they only work when someone needs medical help Jobs will be chosen based on skill and education

10. O PPORTUNITY C OST Pineapples The next best option is growing pineapples. Instead of growing a vegetable, fruit would be the opportunity cost

11. PPC C HART