Unpacked Content
Knowledge
Students know:
- The production and distribution cycle.
- The difference between imported and exported goods consumer choices and decisions.
- The concepts of supply and demand.
- Vocabulary: production, producer, resource, consumer, economy
Skills
Students are able to:
- Describe the production and distribution cycle and relate it to consumer choices and decisions.
- Trace the production and distribution cycle for a variety of goods.
- Differentiate between imported and exported goods and provide examples of each.
Understanding
Students understand that:
- The production and distribution cycle and the impact of consumer choices on this cycle.
Vocabulary
- production
- distribution
- import
- export
- consumer choices
- impact
- supply
- demand
