Economics

In economic terms a producer creates a 

Uggs made in China and Australia but consumed in the USA are

How does specialization benefit a country?

Willie Wonka takes the risk to open a chocolate factory. He organizes the productive resources.

The problem of scarcity is created by

Saudi Arabia has tremendous oil reserves,but England does not.  This illustrates:

The three types of economies are

Location and climate may affect production

The Ford SUV is manufactured in the USA and in demand worldwide. When shipped away, it is an:

The use of a good or service is known as

Examples of Capital resources: 

Customs of the culture answer the questions of what to produce

An example of a good is 

A country that is landlocked

a densely populated area has

Political  committees and high ranking officials require what to produce, how and for whom.

An example of a service is 

Delaney wants to do both gymnastics and lacrosse, but her schedule will not allow for both.

Availability of land, labor and capital may affect specialization

What to Produce, How and for Whom are caused by

Producers and Consumers, and business people decide what will be produced, how and for whom.

When nations agree to trade, it creates wealth.  What is the main cause of  interdependence?

When the USA goes to war, every dollar spent can not be used on other USA needs (like energy). 

The cocoa beans, sugar, and cream from the cows at Willie Wonka's Chocolate Factory

Examples of labor:

The quality control inspectors at Willie Wonka's Chocolate Factory

The machinery in Willie Wonka's chocolate factory:

What oil regions supply oil to Russia?

Examples of natural resources