Chapter 8: Economics
Source 1:
Source 2:
Source 3:
1. Using Source 1: Sort and group the topics on the list into the three resource categories: Natural, Human, and Capital. Your list must include at least five topics in each group.
2. Using Source 2: Select two pictures, one must be a good, the other must be a service. Then, explain why they are a good or service and how they might be used in everyday life.
3. Using Source 3: Identify and list the positive incentives that are included in the picture collage in source three. Choose one and describe a real life situation where that positive incentive could be used.
4. Using Source 3: Identify and list the negative incentives that are included in the picture collage in source three. Choose one and describe the opportunity cost that would be involved in you receiving that negative incentive.
