Show:
Vocabulary
Resources
Greece, Rome, Mali 1
Greece, Rome, Mali, 2
Opportunity Cost
100
Consumer
Anyone who buys a good or a service
100
What resource is "wood" an example of?
Natural Resource
100
What was one human resource of Greece?
shipbuilder, farmer, etc.
100
Compare and contrast the resources of Greece and Rome.
answers will vary
100
You have a choice of pizza or hot dogs for dinner. You choose pizza. What is your opportunity cost?
Hot dogs
200
Producer
Anyone who makes a good or a service
200
What is a "teacher" an example of?
Human resource
200
What was one capital resource of Rome?
It has to be a tool used by a Roman.
200
What was a natural resource of Rome?
wood, trees, water
200
You have the choice of going to a baseball game or to your friend's house. You choose your friend's house. What is your opportunity cost?
The baseball game
300
Economic choice
A decision to buy one thing over another
300
What is a natural resource?
A resource found in nature.
300
What was a natural resouce of Mali?
gold, salt
300
What was a natural resource of Greece?
wood, trees, water,
300
You have a choice of going to the mall or to the movie on Friday. You choose the movies. What is your opportunity cost?
The Mall
400
Economic interdependence
Depending on others to provide some of the things you need
400
What is a human resource?
A human who does a service for society.
400
What was a capital resource of Mali?
tools used by the miners or protectors of the empire
400
What was a human resource of Mali?
protects of the empire, miners
400
You have the choice of having chocolate or caramel syrup on your ice cream. You choose caramel. What is your opportunity cost?
The chocolate syrup
500
Economic specialization
Focusing on a single product or service
500
What is a capital resource?
A tool used by a human
500
What was a capital resource of Greece?
farming equipment, tools used for making ships or pottery
500
What was a human resource of Rome?
Farmers, shipbuilders, pottery makers
500
What does opportunity cost mean?
It is the thing you miss out on when you make a decision.