Economics

What is this an example of?

• Needs

• Wants

• Producers

• Consumers

What capital resources are needed to get this item?

• Farmers

• cows, chickens, seeds

• vegetables

• tractors, plows, factories

What is the CAUSE to this effect:

Money is saved on shipping resources to other places

• Consumers enjoy buying things from far away

• Producers import resources

• Producers build businesses near resources they need

• Consumers only buy wants instead of needs

Jasmine has a cookie shop. She has decided to start exporting her cookies. What conclusion can you make about her business?

• She is closing down

• She will get resources easier

• She will gain/reach more costumers

• She will save money

This is an example of what kind of resource?

• Natural

• Capital

• Human

This is an example of what kind of resource?

• Natural

• Human

• Capital

This is an example of what kind of resource?

• Natural

• Human

• Capital

Hanz studied good in school to get good grades and eventually get a good job. What is Hanz doing?

• Investing in his human resources

• Investing in capital resources

• Investing in natural resources

• Nothing

How has technology affected CAPITAL RESOURCES over time?

• You can study good in school

• You can plant a garden to use for food

• You can use books on essays

• You can order things online and have them shipped to you in trucks

Look at this picture of a capital resource. Write two questions you have about this truck. Use the vocabulary in the chapter and on the quiz to help you spell out and ask questions.

(Looking for resources, import or export, and cost/benefits)