Natural
We use water to stay healthy and grow plants. What type of resource is it?
A natural resource
We need teachers to help students learn and doctors to help people stay healthy. What type of resource is this?
Capital Resource
Things people use to help them work, like a phone, a computer, or a backpack. What type of resource is this?
Capital Resources
If there are a lot of apples at there store there is a high...
Supply
Inelastic
What natural resource do we get our paper from?
Trees!
What human resource helps students learn in school?
Teachers
What capital resource do we use to call our friends or play games?
Phone
If no one wants any apples from the store there is a low...
Demand
If the price of soda goes up and a lot of people stop buying it, is the demand elastic or inelastic?
Elastic
Name a natural resource
Water, plants, sunlight, coal, animals
Name a human resource
Teacher, doctor, chef, bus driver, farmer
Name a capital resource
Machines, tools, computers, ovens, hammers
Supply is increasing
If an item is a luxury good is it inelastic or elastic?
Elastic
Which of these is a natural resource: A lake, a pencil, or a backpack?
A lake
Which of these is a human resource: a car, a computer, or a doctor?
A doctor
Which of these is a capital resource: a car, water, or a tree?
A car
If a lot of people want the same toy, what happens to the demand?
It increases
If the price of your favorite toy doubles, but you still really want it, is your demand elastic or inelastic?
Inelastic (people still buy it even if the price goes up).
If a company cuts down too many trees to make paper, what natural resource might start to run out?
Trees
A new playground is being built at school. The people planning, building, and painting it are using their skills to finish the job. What kind of resource are they?
Human Resources
A smoothie shop buys new blenders to make drinks faster. What type of resource are the blenders?
What are capital resources
If the price of ice cream goes up, what usually happens to the amount of ice cream people buy?
People will have a lower demand for ice cream and buy less
If the price of ice cream goes up and people still buy almost the same amount, is demand elastic or inelastic?
Inelastic