3.10 - Questions of Production in Economies
From EngageNY
Each community develops an economic system that addresses three questions: what will be produced, how will it be produced, and who will get what is produced?3.10a Communities around the world produce goods and provide services.
- Students will determine what goods are produced and services are provided in each selected world community.
- Students will examine how the goods are produced within each selected world community.
- Students will investigate who receives the goods that are produced in each selected world community.
- Students will examine each selected world community in terms of what products and/or services it exports to other communities.
- Students will examine each selected world community in terms of what products and/or services it imports from other communities.
- Students will explore the basic economic concepts of supply and demand and how they influence prices and trade.
- Students will examine how technological developments in transportation and communication have influenced trade over time.
Supporting Materials
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Bear Wants MoreAfter a long winter hibernation, Bear awakes to a new spring and a ravaging hunger! He just can’t seem to get enough to eat. Bear eats roots, clover, and fish, but he still wants more! Bear’s friends do their best to help satisfy their enormous friend’s huge appetite. Finally, as Bear searches... |
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The Difference Between Wants and NeedsPeople earn, save, and spend money to satisfy their needs and wants. Making the right choice between the two is not always easy. In this enchanting movie, two friends wake up and find themselves on a desert island where the "Genie of Wise Choices" lives. While there, the genie helps the children... |
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Tia Isa Wants a CarTía Isa wants a car. A shiny green car the same color as the ocean, with wings like a swooping bird. A car to take the whole family to the beach. But saving is hard when everything goes into two piles, one for here and one for Helping Money, so that family members who live far away might join... |
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