You are with your parents at the grocery store. The selves are full of items that are available for sale. What are these items called?
What is goods?
100
A producer will make a certain amount of something for a price.
What is supply?
200
You and your younger brother are starting your own business. You are making greeting cards to sell to your neighbors for Mothers Day. What role do you and your brother play in the economy?
What is producers?
200
The amount consumers are willing to buy at a certain price.
What is demand?
300
You and your brother just made your first sale. Your next door neighbor just purchased two greeting cards. What role has your neighbor assumed in the economy?
What is a consumer?
300
Knowledge and labor that people bring to their job
What is human resources?
400
Consumers in Georgia depend on other states for certain crops. Producers in other states depend on consumers in Georgia to purchase their crops. Citizens need services from their government. What is the relationship among the consumers, producers, and citizens?
What is interdependent?
400
Things made by people that help workers make goods or provide services
What is capital resources?
500
I am a producer, but I only do one kind of work. Why do I only do one kind of work?
What is specialize?
500
Resources found in nature such as land, water, sun