“The Doughnuts” By Robert McCloskey HOMER PRICE “The Doughnuts” By Robert McCloskey

Vocabulary Capital Resources: tools, equipment, and buildings we use to help produce things machines use in producing a good or service. Increasing Productivity: increasing the amount (output) produced using the same amount of resources or producing the same amount with fewer resources.

Vocabulary Supply and Demand: as price decreases, the quantity demanded (amount people want to buy) increases. Goods and Services: A GOOD is an object people want that they can touch or hold. A SERVICE is an action that a person does for someone else. People usually pay for services.

Vocabulary Consumers and Producers: CONSUMERS are individuals or households that purchase and use goods and services. PRODUCERS make goods or provide services. Human Resources: People who work; like teachers, doctors, truck drivers, and sales clerks.

Discuss and Write What are some labor saving devices do we have today? What problems have you experienced with these machines? What have you or your family done to repair these machines or devices? Did it cost money?

Discuss and Write What was Homer’s problem? What other labor saving devices did Uncle Ulysses have in his lunch room? Why do you think Uncle Ulysses liked having all these machines?