Show:
Imports and Exports
Supply, Demand, and Price
Trade Partners and Economics
Wealth
Potpourri
100
Definition and example of an import.
What is a product that is traded and brought into a country. Toys from China into the U.S.?
100
When the supply is high, the demand is low, what happens to the price.
What is the price goes down or is lower?
100
Our biggest partner in terms of imports. Explain why.
What is China?
100
What GDP stands for.
What is Gross Domestic Product?
100
An example of debt that a citizen may have.
What is credit card debt (or others)?
200
Definition and example of an export.
What is a product that is sent out of a country to another. Beef from the U.S. to Canada?
200
When the supply is high, the demand is high, what happens to the price.
What is the price stays the same?
200
Our two biggest partners in terms of exports. Explain why.
What is Canada and Mexico? They are both located very close and the transportation costs and taxes are very low.
200
The definition of GDP.
What is the amount of wealth a country has (total amount of goods and services divided by number of people)?
200
Three examples of economics in your everyday life.
What is buying a consumer good (ice cream, video game, etc.), saving $$, and investing in the stock market (or game)?
300
This occurs when a country imports more than they export.
What is debt?
300
The supply is low, the demand is high, what happens to the price.
What is the price increases?
300
China's main exports.
What is toys, electronics, furniture, clothes, etc?
300
The country with the highest amount of debt and how much it is.
What is the United States with $18,000,000,000!!!
300
The Pacific Northwest includes what states and province (4 total)?
What is Oregon, Washington, Alaska, and British Columbia?
400
Three products that we import a lot of.
What is oil, toys, and cars?
400
The supply is low, the demand is low, what happens to the price?
What is the price stays the same?
400
Definition of economics.
What is the distribution of goods and services?
400
Two ways to increase your own wealth.
What is saving and investing?
400
The city and province of Mapman's mystery location.
What is Vancouver, British Columbia?
500
A product that Texas could export a lot of to other countries.
What is beef, oil, agricultural products (crops), etc?
500
Three examples of how the supply and demand affect the price.
What is many options?
500
The definition of capitalism.
What is the ability to run your own business and trade freely with others?
500
The continent with the highest concentration of wealthy countries.
What is Europe?
500
Where our nation's debt comes from.
What is military spending, outsourcing jobs, government spending, etc.?