Lesson 75 of 84 · Economics
⭐ 30 XP⚓ Market PortNatural Resources and the Economy
Natural resources — water, timber, minerals, oil — are raw materials economies depend on.
🎯 Your mission
Trade-offs everywhere — find them.
⚡ The twist
Cheap for you usually means expensive for someone else.
Mind = Blown
🤯 The first ATM was installed in 1967 — and used radioactive ink.
Then & Now
💱 This is happening in your local store every single day.
Natural resources — water, timber, minerals, oil — are raw materials economies depend on. Countries with abundant resources often build industries around extracting them.
Key Facts
Trade connects people globally.
Every choice has an opportunity cost.
Money is a medium of exchange.
Check Your Understanding
Question 1
1 of 2What is an opportunity cost?
Why this still matters
The next time you spend $1, ask: who else benefited besides you?
Stretch Challenge
Try this in real life this week.
Find two products that look similar but cost very different. Why?
For the dinner table
“If you had $20 to start a business, what would you sell?”
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