What Are We Going To Learn?

Certain economic activities happen in certain places because of which of the following reasons?

• Availability of resources

• Random chance

• Government preference only

• Lack of population

What is Economics?

• The study of how people, businesses, and governments make decisions about producing, distributing, and consuming goods and services.

• The study of where economic activities happen and why.

• The study of physical geography.

• The study of history.

What is Economic Geography?

• The study of how people, businesses, and governments make decisions about producing, distributing, and consuming goods and services.

• A branch of geography that looks at where economic activities happen and why.

• The study of money and markets.

• The study of inflation and employment.

What are renewable resources?

• Resources that are limited or can’t make more.

• Resources that can grow and come back.

• Resources that are always available.

Which of the following is a renewable resource?

• Coal

• Oil

• Solar

• Natural Gas

Fill in the blank: Resources that are limited or can’t make more are called ________ resources.

• nonrenewable

• renewable

• infinite

• recyclable

Which of the following is NOT a nonrenewable resource?

• Wind

• Coal

• Oil

• Nuclear Energy

Renewable resources are sustainable if managed properly.

• True

• False

Why is promoting environmental awareness important?

• It impacts the planet and highlights the importance of conserving resources.

• It increases the cost of living for everyone.

• It encourages people to ignore environmental issues.

• It reduces the need for education about the environment.

What are capital resources (man-made resources)?

• Natural resources used to produce goods

• Tools, machines, buildings, and equipment used to produce goods and services

• The final products themselves

• Money used by businesses