Bracelet Factory #1: The government emphasizes specialization. The person sitting closest to the entrance
will cut string, then going counter clockwise around the group, the next person will sort
beads, another person will string the beads, another will tie the knot, and the last person
will trim the knot. A bracelet must have a 12-inch piece of string with 10 beads on it, in
this sequence: 2 red, 2 white, 2 orange, 2 black, and 2 light blue. A necklace must have
a 24-inch piece of string and 15 beads in this sequence: 3 red, 3 white, 3 orange, 3
black, and 3 light blue. A knot should be tied and trimmed after the beads are on the
string. A quality control person will then take, inspect, and price the finished product. If
your quota is filled your group will earn $15 per person. Any dollars earned after that
will belong to the government.
Economic System