The price of a product if consumers demand more of it would...
Why do theaters NOT allow you to bring in food and drinks, even though you may buy them inside?
What incentive has the MI government offered to people in order to increase recycling efforts?
One year there was a freeze and this caused a decrease in the crop of cherries. This meant they could not make cherry syrup that year. What is the term for shortage of cherries?
One year there was an increase in demand for fudge due to increased tourism. Ali and Shayma wanted to open a bookstore but because of increased tourism they decided to learn how to produce fudge and open a fudge store instead. This is opportunity cost. Explain what opportunity cost is.
Machines and buildings used in production are ______________ resources.
Alia opened a store and was deciding on what flavors of fudge to make. She knew that cherries and blueberries were available, so she decided to make that kind of fudge. How is this an example of choice?
One year cherries were not available, so Alia used mostly blueberries in her fudge. So most customers were able to buy blueberry fudge at a lower price because it could be sold at a lower price. What does this show?
One example of a capital resource in a toy store is ____________?
More wind turbines are being built. Predict what may happen as a result of this?
What is a human resource?
Our government uses state taxes to provide various goods and services for its citizens. What good would most likely be provided by our government?
Malak takes her drivers test from the SecreShe passes the test and is able to get what?
James works for the Magic Company on Michigan Ave. What does the government get from his pay check?
A new car company is starting. Name the 3 human resources need to run this company.
This product is available in Michigan but comes from another country. It is ____________
Name the main reason for so many farms in Michigan.
Name the best location for most services.
Name a reasonwhy car manufacturing companies are located near highways and rivers?
When people break state laws, they have to pay a fine to the state government. Why?
What is the main reason for tourist areas near lakes?
Why is it important for MI to trade with other states?
How does using Mi lakes by tourist make money?
How do tourists make money for MI by visiting cities.
Give 2 reasons how Michigan makes money from tourism either in the city or at our lakes.
make the price go up
The owners want you to buy food they sell inside.
They give 10 cents back for returned bottles or cans.
Scarcity
Opportunity cost was making fudge was the 2nd thing that Ali and Shayma wanted.
Capital
Alia was able to decide what consumers wanted to buy.
This shows that scarcity affects what we can buy in Michigan.
This is a delivery truck.
This creates more jobs.
A human resource is a person.
State government provides roads.
When you pass the drivers test you will get a license to drive.
He works and pays taxes to the government.
They need factory workers, designers, and enginerrs.
They can sell the crops for money.
It is easy to transport the goods they produce.
The government needs to fund services and use some of the fines to pay for them.
There are many activities for people to do.
So we can have other products that we cannot produce. It gives us a variety of products.
People visit and use the lakes and spend money at stores.
They use hotels, restaurents, museums and stores which they pay for and make money for Michiganders.
They visit and spend money on activites, hotels. shops and restaurents.. They pay to use places like The Henry and Greenfield Village.
