Students rewrite three economics errors — a consumer described as someone who makes goods, gold called renewable because miners keep finding more, and a business computer called a human resource. Part B fills in producer, renewable (sunlight), human (a nurse), and capital (fishing boats and freezers). Part C explains how producers and consumers depend on each other, then traces the natural, human, and capital resources behind a loaf of bread.
Pinning down producer-consumer roles and the three resource types gives students a steady framework for every later economics unit.
Style:
Resources and Trade
Part A: Fix the Sentence
Each sentence has an error. Rewrite it correctly on the line.
1. Fix the sentence:
A consumer is someone who makes goods and sells them to stores.
Rewrite: A producer is someone who makes goods and sells them to stores. A consumer is someone who buys goods.
2. Fix the sentence:
Gold is a renewable resource because miners can always find more of it underground.
Rewrite: Gold is a nonrenewable resource because Earth has a limited supply and it cannot be replaced once it is mined.
3. Fix the sentence:
A computer at a business is a human resource because people use it.
Rewrite: A computer at a business is a capital resource because it is a tool made by people to help produce goods or services.
Part B: Fill in the Blank
Write the missing word or number on each line.
1. A person or company that makes goods to sell is called a producer.
2. Sunlight is a renewable resource because it will not run out.
3. A nurse who cares for patients is an example of a human resource.
4. Fishing boats, nets, and freezers at a seafood company are all capital resources.
Part C: Short Answer
Answer each question in one or two complete sentences.
1. How do producers and consumers depend on each other?
Producers need consumers to buy the goods they make. Consumers need producers to create the goods and services they want.
2. Give an example of how one product uses all three types of resources to get made.
Bread uses natural resources like wheat and water, human resources like farmers and bakers, and capital resources like tractors and ovens.
Resources and Trade
★ Part A: Fix the Sentence
Each sentence has an error. Rewrite it correctly on the line.
1) Fix the sentence:
A consumer is someone who makes goods and sells them to stores.
Rewrite: A producer is someone who makes goods and sells them to stores. A consumer is someone who buys goods.
2) Fix the sentence:
Gold is a renewable resource because miners can always find more of it underground.
Rewrite: Gold is a nonrenewable resource because Earth has a limited supply and it cannot be replaced once it is mined.
3) Fix the sentence:
A computer at a business is a human resource because people use it.
Rewrite: A computer at a business is a capital resource because it is a tool made by people to help produce goods or services.
★ Part B: Fill in the Blank
Write the missing word or number on each line.
1) A person or company that makes goods to sell is called a producer.
2) Sunlight is a renewable resource because it will not run out.
3) A nurse who cares for patients is an example of a human resource.
4) Fishing boats, nets, and freezers at a seafood company are all capital resources.
★ Part C: Short Answer
Answer each question in one or two complete sentences.
1) How do producers and consumers depend on each other?
Producers need consumers to buy the goods they make. Consumers need producers to create the goods and services they want.
2) Give an example of how one product uses all three types of resources to get made.
Bread uses natural resources like wheat and water, human resources like farmers and bakers, and capital resources like tractors and ovens.
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