10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt ResourcesBasic.

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10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt ResourcesBasic Cost/Benefit Jabawa Trees of Island Breeze The Lorax

Used in the production of goods and services

What are resources?

Things found in nature that are used in the production of goods and services

What are natural resources?

Buildings, tools, machinery, etc. used in the production of goods and services

What are capital resources?

Labor provided by people with skills

What is human resource?

The economic problem that states there aren’t enough resources to satisfy all economic wants

What is scarcity?

Things people must have in order to survive

What are needs?

Things people desire but do not have to have to survive

What are wants?

Things we can touch that satisfy economic wants or needs

What are goods?

Jobs that people do for other people

What are services?

Too much of something

What is a surplus?

The amount of a product that is available for purchase?

What is supply?

How much consumers are willing and able to buy at all possible prices during a time period.

What is demand?

Weighs all the possible advantages and disadvantages of a decision

What is cost?

The thing you give up when choosing between 2 things

What is opportunity cost?

What is gained because of an action taken or a decision made.

What is benefit?

Goods made from the Jabawa Trees (name 2 or more)

What are houses, fishing boats, grog paddles, whistles, food… ?

Services provided by the Jabawa Trees (name 2 )

What are habitat, shelter from wind, shade…?

What type problem was discussed when the “trees” wouldn’t all fit on the island

What scarcity?

Solving the problem on the Island Breeze requires making a choice, so…the people would also have an _______ cost

What is opportunity?

When you give up one thing to gain something else, you have a __________

What is a trade-off?

How much people are willing and able to pay for goods or services.

What is value?

The actual amount paid for a good or service

What is price?

At the beginning of The Lorax the Once-ler provides the service of telling a story. What human and capital resouce was needed?

What is the Once-ler and the Whisper-ma-phone ?

What are some goods produced by nature in the area where the Truffula Trees grow?

What are clean air, Truffula fruit, homes for Swomee-Swans, Barbaloots, and Humming-fish?

What are some services produced by nature in the area where the Truffula Trees grow?

What are shade, breeze, natural beauty?