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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

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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