Examine different types of producers and consumers in the U.S.
Economics: Students will analyze the U.S. in economic terms, including: producers and consumers, supply and demand, imports and exports, and why budgets are important.
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Distinguish how people are consumers and producers of goods and services.
Give examples of products (goods) that people buy and use.
Compare natural resources within the three grand divisions of Tennessee, and trace the development of a product from natural resource to a finished product.
Recognize major products and industries found in Tennessee (e.g., agriculture, manufacturing, mining, music, and tourism).