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The United
States has a rich variety of natural
resources.
Scarcity
compels people and communities to make choices about goods and services.
The interaction
of buyers and sellers influences the prices of goods and services in
markets
Vocabulary
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Learning Standards
Define
and give examples of natural resources in the United States.
Give examples
of limited and unlimited resources and explain how scarcity compels people
and communities to make choices about goods and services, giving up some
things to get other things.
Give
examples of how the interaction of buyers and sellers influences the prices
of goods and services in markets.
Describe
the climate, major physical characteristics, and major natural resources of
Canada
and explain their relationship to settlement, trade, and the Canadian
economy.
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Sample Assessments
With a
partner design a business that serves customers in North
America. Describe the product or service that you will
deliver. Identify the natural resources that your business will rely on.
Describe two situations that would influence the need for your product or
service.
Sample Learning Experiences
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