Blue
Define exports
Goods that are sent out of a country to be sold in a different country
Producer
What is a person who creates a product?
Invest
spend now in hopes for a future
Need
What is something you need to survive?
Define imports
Goods that come into a country from a different country
Consumer
What is a person who takes products?
Cause and Effect citizens believing in the value of good education
What is citizens spend tax money on schools?
Want
What is something you would like to have?
natural resources
What are items found in nature that people use?
Example of human resource
What are skills and talents like drawing, reading, and problem solving?
Define occupation
What is a job or work?
Human Resources
Example of capital resources
Economics changed over time.
What are human-made items used to make goods or provide services?
Define tradeoffs
There are not enough resources for people to have everything.
Define Cost-Benefit
What is comparing the cost of an item versus the benefits?