Lesson 74 of 84 · Economics
⭐ 30 XP⚓ Market PortImports and Exports
Imports are goods brought into a country; exports go out.
🎯 Your mission
Spot the cost behind the price.
⚡ The twist
Cheap for you usually means expensive for someone else.
Mind = Blown
🤯 Money used to be made of cocoa beans, salt, and even giant stones.
Then & Now
💱 This is happening in your local store every single day.
Imports are goods brought into a country; exports go out. The U.S. imports electronics from Asia and exports agricultural products worldwide.
Key Facts
Money is a medium of exchange.
Needs are different from wants.
Supply and demand affect prices.
Check Your Understanding
Question 1
1 of 2What is trade?
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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Imports and Exports
Spot the cost behind the price.
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