United States Economy Review. What are “goods”? Can you think of a good you have bought?
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Transcript of United States Economy Review. What are “goods”? Can you think of a good you have bought?
![Page 1: United States Economy Review. What are “goods”? Can you think of a good you have bought?](https://reader035.fdocuments.us/reader035/viewer/2022062422/56649f0e5503460f94c22ed7/html5/thumbnails/1.jpg)
United States
EconomyReview
![Page 2: United States Economy Review. What are “goods”? Can you think of a good you have bought?](https://reader035.fdocuments.us/reader035/viewer/2022062422/56649f0e5503460f94c22ed7/html5/thumbnails/2.jpg)
What are “goods”?Can you think of a good you have bought?
![Page 3: United States Economy Review. What are “goods”? Can you think of a good you have bought?](https://reader035.fdocuments.us/reader035/viewer/2022062422/56649f0e5503460f94c22ed7/html5/thumbnails/3.jpg)
What is a service?
Can you name a person who provides a service?
![Page 4: United States Economy Review. What are “goods”? Can you think of a good you have bought?](https://reader035.fdocuments.us/reader035/viewer/2022062422/56649f0e5503460f94c22ed7/html5/thumbnails/4.jpg)
What is a producer?
What is a consumer?
![Page 5: United States Economy Review. What are “goods”? Can you think of a good you have bought?](https://reader035.fdocuments.us/reader035/viewer/2022062422/56649f0e5503460f94c22ed7/html5/thumbnails/5.jpg)
How do producers and consumers affect each other?
![Page 6: United States Economy Review. What are “goods”? Can you think of a good you have bought?](https://reader035.fdocuments.us/reader035/viewer/2022062422/56649f0e5503460f94c22ed7/html5/thumbnails/6.jpg)
Some jobs can be both consumers and producers. Can you name a job and
describe how they are both a consumer and a
producer?
![Page 7: United States Economy Review. What are “goods”? Can you think of a good you have bought?](https://reader035.fdocuments.us/reader035/viewer/2022062422/56649f0e5503460f94c22ed7/html5/thumbnails/7.jpg)
Can you explain what an import is?
Can you explain what an export is?
![Page 8: United States Economy Review. What are “goods”? Can you think of a good you have bought?](https://reader035.fdocuments.us/reader035/viewer/2022062422/56649f0e5503460f94c22ed7/html5/thumbnails/8.jpg)
How do imports and exports help the United
States economy?
![Page 9: United States Economy Review. What are “goods”? Can you think of a good you have bought?](https://reader035.fdocuments.us/reader035/viewer/2022062422/56649f0e5503460f94c22ed7/html5/thumbnails/9.jpg)
What is supply and demand?
How do the affect each other?
Can you give an example?
Hint: Low Demand/ High SupplyHigh Demand/ Low Supply
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Explain how supply and demand affects
prices.
![Page 11: United States Economy Review. What are “goods”? Can you think of a good you have bought?](https://reader035.fdocuments.us/reader035/viewer/2022062422/56649f0e5503460f94c22ed7/html5/thumbnails/11.jpg)
Can you name
different pieces of
technology you see?
What Industry is shown above? What jobs may be found within this industry?
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Can you explain the division of labor within
an industry?
Can you think of an industry with a division of labor?
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Can you name a major way that imports and exports are transported into and out of the United States?
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Where are many United States ports located and why is the location important to the United States economy?
How do ports help the U.S economy?
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How have ports impacted the USA’s economy and
trade?