43
Lesson 43 of 84 · Trade and Commerce
Imports and Exports Today
Natural resources — water, timber, minerals, oil — are raw materials economies depend on. Countries with abundant resources often build industries around extracting them.
Key Facts
1
Supply and demand affect prices.
2
Trade connects people globally.
3
Every choice has an opportunity cost.
Check Your Understanding
Question 1
1 of 2What are goods?