Chapter 2: Economics

Lesson One: Goods and Services

goods

services

consumer

local

producer

import

export 

Lesson Two: Types of Resources

human resources

capital resources

technology

Lesson Three: Economic Choices

trade-off

cost

opportunity cost

benefit

need

want

option

Lesson Four: Human Capital and Your Future

invest 

human capital

occupation

Students will be making notecards for each chapter.  It is encouraged that these notecards be reviewed several times a week so they are prepared for vocabulary quizzes.

Chapter 2 Study Guide