Illustrate how a country’s resources determine what is produced and traded.
The interconnected global economy impacts all individuals and groups in significant and varied ways.
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Discuss reasons (e.g., labor, raw materials, energy resources) why some goods are made locally and some are made in other parts of the United States and world.
Generate questions to explain how trade leads to increasing economic interdependence on different nations.
Discuss how producers use natural, human, and capital resources to create goods and services.
Identify resources that are renewable, recyclable, and non-renewable.
Recognize that resources are renewable, recyclable, and non-renewable.