1. NC Economy and ME! In this study you will discover simple elements of how business works and then create your own business with 2 or 3 other partners.

2. Read pgs. 219-223 Define: Renewable resource vs. nonrenewable resource Renewable resource vs. nonrenewable resource What is a limited resource? What is a limited resource? Want Want Trade-off Trade-off Opportunity Cost Opportunity Cost How is conservation a trade off? Give an example. How is conservation a trade off? Give an example. List businesses or industries found in NC? List businesses or industries found in NC?

3. Read pgs. 225-229 What is an entrepreneur? What is an entrepreneur? What are the 3 factors of production? What are the 3 factors of production? How does pollution impact NC? How does pollution impact NC? How do North Carolinians work to use natural resources wisely? How do North Carolinians work to use natural resources wisely?

4. Read pgs. 231 through 235 What is a budget? What is a budget? What is interest? What is interest? What does invest mean? What does invest mean? What are taxes? What are taxes? What does paying taxes give us as citizens of the US., NC, and within our county/municipal areas? What does paying taxes give us as citizens of the US., NC, and within our county/municipal areas?

5. Read 238-239 Explain what a division of labor is and how if impacts a business? Explain what a division of labor is and how if impacts a business? What is interpendence? Give one example of this. What is interpendence? Give one example of this.

6. Read 242-245 What is international trade? What is international trade? Explain the difference between export and import? Explain the difference between export and import? Who is NC largest trading partner? Why do you think this is the case? Who is NC largest trading partner? Why do you think this is the case? How does international trade impact NC’s shipping ports and in turn our economy? How does international trade impact NC’s shipping ports and in turn our economy? What is a market and how has NC changed in response to its market? What is a market and how has NC changed in response to its market?

7. Read the 3 books that goes along with this study NC’s Economy NC’s Economy NC’s resources NC’s resources Across NC Across NC NOW create a brochure that advertises a NC business based on what you have learned in this study. The brochure can be 2 pages or 3 pages…folded. This will be graded along with the answers to the questions. Consider a business that you could actually do…

8. ONE more thing… I will support one idea for a business and we as a class will develop a plan, produce the product, set a price, and sell it at the Spring Fling…so put your thinking caps on!