Nc economy and me
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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. Read pgs. 219-223. Define: Renewable resource vs. nonrenewable resource What is a limited resource? Want Trade-off Opportunity Cost

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NC Economy and ME!

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Nc economy and me

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.


Read pgs 219 223

Read pgs. 219-223

Define:

  • Renewable resource vs. nonrenewable resource

  • What is a limited resource?

  • Want

  • Trade-off

  • Opportunity Cost

  • How is conservation a trade off? Give an example.

  • List businesses or industries found in NC?


Read pgs 225 229

Read pgs. 225-229

  • What is an entrepreneur?

  • What are the 3 factors of production?

  • How does pollution impact NC?

  • How do North Carolinians work to use natural resources wisely?


Read pgs 231 through 235

Read pgs. 231 through 235

  • What is a budget?

  • What is interest?

  • What does invest mean?

  • What are taxes?

  • What does paying taxes give us as citizens of the US., NC, and within our county/municipal areas?


Read 238 239

Read 238-239

  • Explain what a division of labor is and how if impacts a business?

  • What is interpendence? Give one example of this.


Read 242 245

Read 242-245

  • What is international trade?

  • Explain the difference between export and import?

  • 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?

  • What is a market and how has NC changed in response to its market?


Read the 3 books that goes along with this study

Read the 3 books that goes along with this study

  • NC’s Economy

  • NC’s resources

  • 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…


One more thing

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!


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