What are interests?
The things you like and enjoy
What are resources?
The people and things needed to produce a good or service.
What is trade?
Exchanging resources, goods, or services.
What is a consumer?
A person who buys things
What is a supply?
The amount of a thing that is available for sale
What are skills?
The ability to do something well
What does it mean to use a resource sustainably?
Using it in a careful way so that it is available for the future
What is interdependence?
Individuals or groups relying on each other.
What is a producer?
A person who makes things/provides services
What is scarcity?
When there is a limited amount of a resource
What does it mean to earn?
To get money for a job you did
Give an example of a Natural Resource
Wind, Water, Tree, Animal, Fossil fuels
What is specialization?
Choosing to focus on one or a few products.
Give an example of a renewable resource
Wind, Water, Sun, Plants
What is demand?
The amount of a good or service that people are willing/able to buy
What is a region?
an area or having definable characteristics
Tool, Machine, Building, Tech
What is movement in trade
Transfer of resources, goods, or services from one place to another.
Give an example of a nonrenewable resource
Coal, Oil, Metals
A store is having a big sale and wants to sell as many shirts as possible. Do you think the price will go up or down?”
Down
Give an example of a job that is more common in our region than it is in others
Farmer, Factory worker, Transport, Construction
What are the 3 types of resources
Natural, Capital, and Human
In what 2 regions would mountains be a problem that could arise during movement?
Mountain (Rocky Mountains) and South Atlantic (Appalachian)
How many sustainable points were paper plates worth?
1 (renewable resource, but single use)
A snowstorm is coming and everyone rushes to buy all the bread and milk. Do you think the price will go up or down?”
Up