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| A natural resource is a useful material that comes from nature. |
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| Some natural resources are renewable. They can be replaced, or renewed.Trees are an example of a renewable resource. |
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| Once a nonrenewable resource is used up, it cannot be replaced. Oil is an example of a nonrenewable resource. |
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| A flow resource is a special kind of natural resource. Wind, sunlight, and water are flow resources. They can only be used at a certain time or place. |
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| Scarcity means not having as much of something as people would like. |
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The problem of scarcity means that people have to make decisions about what they want most. An opportunity cost is the thing you give up when you decide to do or have something else. Every choice people make about how to spend their money or their time has an opportunity cost.
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Conservation is the protection and wise use of natural resources.
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What can people do to solve the problem of resources being wasted? Give two examples |
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People can use resources carefully and recycle.
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A region is an area that has one or more features in common. Those physical or human features make the region different from other regions.
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characteristics of regions name some ways regions can be defined |
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Regions can be defined by: a. activities of people in an area (cultures of people, languages they speak) b. based on economic characteristics (work that the people do) |
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An economy is the system people use to produce goods and services. These goods and services include the things people buy and sell and the work that people do for others. Through the economy, people get the food, clothing, shelter, and other things they need or want.
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A region that makes a lot of one product is using specialization. Specialization happens when people make the goods they are best able to produce with the resources they have. By specializing, people can usually produce more goods and services at a lower cost and earn more money.
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trade Define and give an example |
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Trade is the buying selling of goods. For example, oil and natural gas from the Gulf of Mexico are sold beyond that region. People in the Gulf area use money they make from selling oil and other products to buy goods from other regions.
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interdependence Define and give an example |
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Interdependence means depending, or relying, on each other. For example, the economies of Canada, Mexico, and the United States all depend on specializing in certain goods and then trading with each other and other countries. Interdependence increases the amount and variety of goods available.
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| What problem does trade between regions solve? |
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The problem it solves is not producing all the goods and services that consumers want in that region. No pineapples in non-tropical OHIO? No problem, just trade for some pineapples from tropical HAWAII.
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Fill in the blank: Regions share _________ or _________ features. Regions then _________ and _____________. |
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Regions share physical or human features. Regions then specialize and trade.
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The environment is the surroundings in which people, plants, and animals live.
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Erosion is the process by which water and wind wear away the land.
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Pollution is anything that makes the soil, air, or water dirty and unhealthy. Pollution from mines may make nearby rivers unsafe for fish, wildlife, and people.
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An ecosystem is a community of plants and animals along with the surrounding soil, air, and water. Each part of an ecosystem affects the health of all the other parts.
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What is an example of how people can change the environment? |
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Sample Answer: Ships have brought zebra mussels into the Great Lakes.
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Would you classify pollution as a result of natural or human changes? Why? 2 point question
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Pollution is the result of human changes such as building highways, mining, and using chemicals. These changes do not occur naturally. (highways do not build themselves!)
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Give an example of how people change the environment by building highways and explain why the environment is changed. 2 point question
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Sample answer: People may change the environment by building highways to improve travel (how: change the environment by building highways). The land on which highways are built cannot be used for other purposes, such as farming (why: it is changed because it is no longer farmland).
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An economic system is a set of ideas that guides how a country will use its resources and produce its goods. Every economic system offers ways to answer three basic questions: - What goods will be produced?
- How will those goods be produced?
- Who will receive or buy the goods?
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What are three economic questions?
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Definition
- What goods will be produced?
- How will those goods be produced?
- Who will receive or buy the goods?
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Demand is the amount of something that people want to buy for a certain price. When demand is high, the price usually goes up. For example, if tomato soup is in demand, a soup company will probably produce more tomato soup and may raise the price.
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Supply is the amount of something that producers want to make at a certain price. For example, the soup company notices that not many people buy the onion soup. They have too large a supply of onion soup. When supply is high, prices generally fall. In this case, the soup company will probably make less onion soup and may lower the price.
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Competition occurs when businesses that sell similar goods and services try to attract the most consumers and make the most money. For example, when there is a lot of competition, consumers have many choices of where to buy what they need and want. One way companies win customers is to keep prices low and quality high.
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What can companies do to solve the problem of low demand? |
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Companies can make less of a product and lower prices.
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