
1. Quiz #2: Study the vocabulary from Lesson Plan #4
Turmoil: A state of uneasiness or disturbance of public peace.
Fiasco: A complete failure: The expectation created by Microsoft with its Windows Vista only magnified the fiasco; many users chose not to install it.
Private Sector: The part of the economy in which goods and services are produced by individuals and companies, not the government. Not owned by the state.
Privatization: A business term referring to the transfer of ownership or property from a government to a privately owned entity, such as a company.
World Bank: A branch of the United Nations that provides financial and technical assistance to enhance economic growth in developing countries.
Profit: Refers to the money gained in business, for example, by selling something. Profit is not the same as income.
Income: The amount of money received during a period of time in exchange for labor or services: His monthly income while working in Hispanic Teleservices was not enough to pay his studies.
Loan: The lending of money.
Scarcity (Scarce): Lack or shortage of something: Overpopulation, rapid industralization, and increasing agricultural use have lead to a worldwide water shortage and scarcity.
Bill: A note showing how much money is owed for goods: A water bill.
Bond: A certificate of debt issued by government or corporation guaranteeing payment of the original investment plus interest by a specific future time.
Commodity: Any good that can be exchanged in commerce; any good that can be bought or sold.
Expense: Charge or payment of money,
2. Homework: Answer to the questions with nice and well-founded answers (use as much information you know or learned from our debate).
a. How will our lives change if water was scarce in our community?
b. What did I learned from the discussion?
c. What was my role-play? How was my opinion affected after performing this role?
d. Historically, water has been viewed as a shared common, but do you think of it as a) a public good or right or b) a market commodity that can be bought or sold? Explain your answer.
3. If you want to know what happen after your planning, read "The Aftermath of your decisions" :)
Additional reference
You've seen in class the first part of the video, at 5.41s you can see a second solution to avoid privatization.
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