Needs & Wants
Water, food, and shelter are examples of this.
What are needs?
This word means bringing in products from other countries.
What is import?
Knowing how to plant seeds is an example of this kind of resource.
What is a human resource?
This word means job or work
What is occupation?
These are items found in nature that are used to make products.
What are natural resources?
Toys, candy, and games are examples of this.
What are wants?
Cars and other products made in the USA are then sent to other countries. These are examples of _______.
What are Exports?
This is a product you could make with trees, a truck, and a person who knows how to work with wood.
Multiple Possible Answers- Will accept any product made from wood.
This word means something you must have to live
What is need?
These are items made by humans that are used to make products.
What are capital resources?
Eggs, milk, bread, and vegetables are examples of foods that are a ________.
What are needs?
Business owners export their products for this reason.
To gain more customers.
Lettuce is an example of this kind of resource.
What is a natural resource?
This word means a useful result or positive outcome
What is benefit?
Tractors, plows, and factories would be examples of this kind of resource.
What are capital resources?
Candy, chips, and soda are examples of foods that are a _________.
What is want?
Countries import products for this reason.
The products can not be made or grown where they live.
Spending your time to help out for a good cause is an example of this.
What is volunteering?
This word means sending out products to other countries
What is export?
Studying hard in school would be an example of investing in what kind of resource?
What is a human resource?
Give 2 examples of needs and 2 example of wants.
Answers will vary.
Needs- food, water, oxygen, shelter
Wants- toys, games, candy...
Give an example of a product that is imported and a product that is exported.
Answers will vary.
Exports- cars, apples, dairy products
Imports- coffee, chocolate, cars, etc..
People make economics choices for this reason.
They may not have enough money or resources to get everything they want.
What are human resources?
Growing your human resources would help you find success in this.
What is an occupation?