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English first additional language

Grade 9

Fun at the fair

Module 2

Reading and response to reading

Activity 1:

Reading and response to reading

[lo 1.1.1]

Listen while members of the class read the following story aloud and then answer the questions that follow, orally at first and then in your written book:

  • The story will be broken up into sections to give you time to answer some questions before you go on to the next section.

Reminder : You are reading to the class and they have to answer questions afterwards, so it is very important that they understand what you are reading – SO READ SLOWLY AND CONTROL THE PACE. Prepare your reading BEFORE YOU START READING, as you have been taught.

The Young Roman Entrepreneur

Marcus Augustus was a young boy with ideas. As a small child, he had made toys out of nothing. He imagined that stones were chariots, and small pieces of wood were wolves and thieves who were trying to steal his chariots and all the sesterces that he owned, which he imagined were kept in a large treasure chest.

So early on he realised it did not always cost money to be creative.

When he was 16 years old, he decided to go to a local fair to display his toys.

A fair is a temporary market where buyers and sellers gather to transact business. It is organised at regular intervals, usually at a specific place at a certain time of the year and can last for a day or for a few days.

The Roman Fair, at the foot of the Palatine Hill was well known for enticing foreigners to Rome. It was always held on 1 May and this year it was a general fair and anybody could hire a table. Sometimes sellers exhibit different products (like Roman tunics and other clothing like togas and hair adornments) or are all in the same business line (like only exhibiting books).

Marcus knew that nobody else was selling stone toys, so he had a good chance to do well - and a chance to impress his successful father.

Now, listen carefully while more members of the class continue reading:

“After all, the Romans had introduced markets and fairs into Northern Europe in the first place, to encourage trade with their conquered provinces and to spread political propaganda. And Marcus was very proud of his heritage and the might of the Roman Empire.

Marcus came from a well-to-do family. He knew from what he had been told at school that in the past, each individual or family group worked hard to make a livelihood. They just survived on what they collected (like nuts and berries), harvested (like potatoes and grapes) or hunted (mainly poaching rabbits and smaller buck), and that they usually had nothing left to exchange.

Later on, fruit, skins and metals (found only in one area) were bartered for salt and textiles (only found in another area). Marcus imagined what it must have been like to make such exciting exchanges and what a business it must have been to set up a meeting between two partners dealing in different commodities. He wished that he could have been present to witness the exchanges for himself.

As it was only the 2nd century, commerce was beginning to pick up.

Questions & Answers

differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
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Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
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Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
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Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
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Shukri
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Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
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Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
Gsbwnw Reply
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
types of unemployment
Yomi Reply
What is the difference between perfect competition and monopolistic competition?
Mohammed
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Source:  OpenStax, English first additional language grade 9. OpenStax CNX. Sep 14, 2009 Download for free at http://cnx.org/content/col11061/1.1
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