Resources
Trade
Charts
Supply & Demand
100
What is a renewable resource?
A renewable resource is a resource that cannot be used up or is quickly replaced
100
What is an import?
An import is a good or service purchased from another country
100
What does this chart show?
This chart shows what percentage of each country's exports are made up of diamonds, petroleum and metals.
100
What is supply?
Supply is how much of a good or service is available.
200
What is a non-renewable resource?
A non-renewable resource is a resource that cannot be replaced once it is used
200
What is an export?
An export is a good or service sold to another country
200
Which resource is the largest export in more than one country?
Petroleum: it is the largest export in Uganda and Sudan.
200
What is demand?
Demand is how much of a good or service people want to buy.
300
Give two examples of renewable resources (sunlight and air don't count!)
water, soil, plants, animals & more!
300
Where do most U.S. imports come from?
China
300
Which resource is the smallest export in more than one country?
Diamonds: They are the smallest export in Uganda, Sudan and Ethiopia
300
Name one item that would increase in demand around Valentine's Day.
Roses, flowers, chocolate, teddy bears, cards, etc.
400
Give two examples of non-renewable resources?
oil, petroleum, minerals, metals & many more!
400
Do countries profit off of imports or exports?
Exports - Exports are the things one country SELLS to another country, so they make a profit!
400
How many countries showed negative growth over the nine-year period?
Two - the EU (European Union), and the United States
400
On your whiteboard, draw a visual representation of scarcity. It could be a graph, chart, or picture. Just make sure it shows scarcity and be prepared to explain how!
*answers vary,* but your picture should show that supply is MUCH lower than demand.
500
Does this graph show renewable or non-renewable exports?
Non-renewable!
500
Most oranges in the U.S. come from Florida. However, this past summer, a huge orange plague ravaged Florida. 98% of oranges were infected with this plague and died. Many Americans are unhappy because they love having orange juice with their breakfast. How should the U.S. solve this problem?
The U.S. should import oranges from other countries to meet the demand for orange juice.
500
How many countries received over 30% of Sub-Saharan Africa's exports in the year 2013?
None! Read carefully!
500
What happens to price when demand is high and supply is low? What about when demand is low and supply is high?
When demand is high and supply is low, price goes down (scarcity).
When demand is low and supply is high, price goes up.