What is supply?
The amount of product available
What are goods?
Bonus: Name a good to get and extra 50 points
products that people buy
Ex: a car, a video game, a laptop, etc.
How does the government pay for the goods and services it provides?
What does Indiana import from Canada?
Copper Products
Fertilizer
What is demand?
The amount of a product that is actually wanted or needed
What are services?
Bonus: Name a service to get an extra 50 points
Ex: car repairs, haircut, garbage disposal, mail services, etc.
What are some services the national government provides?
Military, national parks
What inventions helped with the production of cotton?
Cotton gin
Looms
What are taxes?
money that people give the government so that the government can provide goods and services to its citizens
What are exports?
goods shipped OUT of the country
What are some services the state government provides?
Public safety, state police, state parks, operating public schools
What is the main goal of government services?
To help meet citizens' needs
What are human resources?
Bonus: Name a human resource to get an extra 100 points
people who make up the labor force
ex: People who work in a factory, people who put out forest fires, people who work in a school, etc.
What are imports?
What are services the local government provides?
Garbage disposal, community library, community parks
What best describes this image?

A. Supply and Demand
B. Imports and Exports
C. Trade and Purchasing
D. Scarcity
B
What are capital resources?
Bonus: Name a capital resource to get an extra 100 points
tools that are used to make goods
Ex: factory machines, cars in a taxi company, etc.
What is an assembly line?
Bonus: 50 points - Why do companies use assembly lines?
dividing labor among workers so a product is completed as it moves from person to person
Bonus: They increasing production.
Who shares the responsibility of educating citizens?
The national, state, and local governments
What do farmers do to keep the soil healthy?