Supply and Demand
When demand for a product goes down the price goes _______.
a. up
b. stays the same
c. down
When demand for a product goes down the price goes down.
Soil is a ______ resource.
Soil is a natural resource.
Why aren't oranges grown in Michigan?
Different areas grow different crops.
What did Henry Ford create?
Cars.
Unlimited _____ + Limited ______ = _________
Unlimited Wants + Limited Resources = Scarcity
What is an incentive to recycle?
a. paying people for their old video games
b. paying people for old shoes
c. paying people for their empty pop bottles
Incentive for recycling is paying people for empty pop bottles.
A hammer is a _____ resource.
A hammer is a capital resource.
Why do Michigan farms grow celery, corn, potatoes, carrots, and cherries?
To sell and trade.
8Why would you want your company to be located next to highways and rivers?
Easier to travel and transport goods.
Name three thing the Government pays for?
Roads, Highways, Schools, Police, Bridges
A doctor is a ______ resource.
A doctor is a human resource.