Mrs. Marmiol's Class - HOME



Name_________________________________________Period__________"Return to Mocha" Student Questions Who is Pablo and why is he searching for wood?Pablo is the founder of the Greater Mochan Wood Supply Company. Pablo is searching for wood because there was a population explosion a few years back and the demand for housing used a lot of the trees in Mocha. What was the result of the Mochan "baby boom"?A result of the Mochan “baby boom” was an increase of teenagers and an increase of new businesses. Tell why the Mochan farmers were upset. Explain how this is an example of supply and demand?Mochan farmers were complaining about the price of wheat. Since the demand for wheat was low while the supply of wheat was high - the price of wheat decreased. What were some possible business ideas/markets for the radio?Some possible business ideas/markets that were possible include putting radios in cars and creating commercials to sell goods during the programs (advertising). According to the "Webster Whiz" is there much of a demand for radios on Mocha?According the “Webster Whiz”, the Mochan demand for radios is HUGE! Are the Mohan’s capable of producing radios? Explain why they chose not to do so?The Mochan’s are cable of producing radios because they are bigger and more advanced than the Caraway’s in their human and capital resources. The Mochan’s decided to not produce radios because they knew they would have to give up producing wheat. If they gave up wheat, their industry would change because they would have to retrain their people to make radios, make new factories to create radios. Plus, the Caraway’s specialize in making radios and the Mochan’s specialize in producing wheat. Explain the two-way trade that Pablo proposes. Does it work?Pablo suggests that since the Mochan’s can produce more wheat, at a lower cost, and the Caraways can produce radios at a lower cost – they trade! If each island specializes in what they do best, there will be more radios and wheat to go around both islands. The Caraways would have a new market for radios and the Mochan farmers would have a new market for wheat. What type of economic system do the Mochan’s have?The Mochan’s have a market economy. Describe how Little Augie became an entrepreneur?Augie became an entrepreneur by creating his own business based on the radio. Even though he couldn’t sell radios, he created a business showing the radio and by having a concession stand at his live shows. Tell the type of economic system found on the Oreganos?The Oregano’s have a traditional economy – based on tradition! Tell the type of economic system found on the Caraways. Explain the government’s role in housing, wages, prices, and quotas?The economic system found in the Caraways in a command economy. The government provides housing and healthcare for all the citizens. The government also sets prices, wages, and annual production quotas for most industries. The three economic questions are answered by the central government. Why was there a line to get milk? Why did the orange juice prices drop?There is a line for milk because the dairy farmers did not meet their quota for the month – meaning the farmers did not produce the amount of milk that the government asked for. For the citizens, the demand for milk is high if they do not like orange juice – so there is a line since the supply for milk is low. The orange juice prices drop because there is a surplus (large supply) of the product – the growing season was good for oranges so they have extra. The government decreased the supply in order to get more citizens to buy the orange juice. How are prices determined on Mocha? Does the market "run itself’?Prices are determined on Mocha based on supply and demand. At Benny’s coconut shop, if his prices are too high, the consumers won’t buy from him. If Benny’s prices are too high, all the consumers want to buy from him. The market “runs itself” because the businesses work off the consumers’ demand for goods. What is the result of Tanya Tiptoes elopement with Pablo?The Caraway’s have banned Pablo from their country and they broke off diplomatic relations with the kingdom of Mocha. What info does the Webster Whiz reveal about the supply of grain, crystals, and radios? Explain the proposed three-way trade.The Oregano’s crystal supply has doubled but their grain supply has decreasedThe Mochan’s grain supply has increased but their radio supply is decreasing The Caraway’s radio supply is decreasing because the crystal supply is decreasing Mocha could ship grain to the Oregano’s and trade for crystals THEN Mocha could ship crystals to the Caraway’s and trade for radios What is Tanya’s solution to the Mochan/Caraway trade problem?Send young musicians, the Java Quake, to the Caraways as a gesture of good will. “Rock and roll is good for the soul” Explain the result of the meeting of the Oregano tribal council. What happened as a result of Big Momma’s negotiations with the Caraways?The Oregano tribal council considers trade with the Mochan’s – exchange grain for crystals. The “wise one” says it is good to trade because the good (more grain to provide for their people) outweighs the bad (changes in their economy). Big Momma explained the three way trade with the Caraways – the Caraway council agrees to trade with Mocha – they also agree to the three way trade with Mocha and Oregano! Explain Pablo’s statement "People are the same all over’?When Pablo says “people are the same all over” he means that people do what they do best (specialize) in order to trade to get what they want. ................
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