develop an understanding of the nature of limited resources and scarcity:
Skills and Concepts
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use a variety of sources to research and give examples of productive resources (e.g., natural, human, capital) found in regions of Kentucky
explain why individuals, groups, and businesses must make economic decisions due to the scarcity of resources
investigate banks in Kentucky; explain and give examples of the roles banks play (e.g., loan money, save money) in helping people deal with scarcity
investigate and give examples of markets (past and present); and explain how goods and services were/are exchanged