Economics describes economic activity. Multiple choice, short answer, and writing prompt questions are included, along with an answer key. The reproducible activities follow the outlines of each section in the chapter. Answers to the Guided Reading Activity questions are in the back of the booklet. Its not measured in This PowerPoint Lesson and Student Guided Note Packet Combo help your students to understand the Decision Making process in Economics. economy economic system in which the allocation of scarce resources and other economic activities are based on ritual, habit, or custom Student Web Activity Visit the Economics: Principles and Practices Web site at glencoe.com and click on Chapter 2—Student Web Activities for an activity on the economies of traditional societies. A. Think about why people make choices in the things that they buy. 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