“a picture is worth a thousand words” economics poster contest 2003-4 sponsored by
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“A Picture is Worth a Thousand Words”Economics Poster Contest 2003-4
Sponsored by
Bank of AmericaIllinois Council on Economic Education
UIC Center for Economic Education
Economics Poster ContestBrought to you by the
UIC Center for Economic Education
Presents:
The First PrizeWinners 2003-4
Productive Resources
Production of goods and services in any economic system involves three types of resources: • Natural Resources• Human Resources• Capital Resources
CA
Concept: Productive Resources 8th Grade Hale Elementary School
Goods and Services
Goods are tangible objects desired by consumers and supplied by producers.
Example of goods: cars & books Services are intangible outputs
produced in the economy. Example of a service: teaching
LA
Concept: Goods and Services 5th Grade Healy Elementary School
Scarcity
World resources are limited, so we cannot produce or have everything we could possibly want.
Thus, we must make choices about how best to use the limited resources we have.
SB
Concept: Scarcity 1st Grade Carver Primary
Goods and Services
Goods are tangible objects desired by consumers and supplied by producers.
Example of goods: cars & books Services are intangible outputs
produced in the economy. Example of a service: teaching
VB
Concept: Goods and Services 1st Grade Nathan Hale Elementary
Opportunity Cost
Opportunity Costs are what we give up when a resource is used for one purpose rather than another.
Example: If a baker uses a bag of flour to bake bread, she cannot use the same bag of flour to bake cakes.
RC
Concept: Opportunity Cost 6th Grade Hitch Elementary
Producers & Consumers
Producers are the people, and/or firms, which make and supply the goods and services provided in the economy.
Consumers use the goods and services produced to satisfy their wants and needs.
LD
Concept: Producers and Consumers
5th Grade Healy Elementary
Opportunity Cost
Opportunity Costs are what we give up when a resource is used for one purpose rather than another.
Example: If a baker uses a bag of flour to bake bread, she cannot use the same bag of flour to bake cakes.
MG
Concept: Opportunity Cost 6th Grade Ariel Community Academy
Producers & Consumers
Producers are the people, and/or firms, which make and supply the goods and services provided in the economy.
Consumers use the goods and services produced to satisfy their wants and needs.
MM
Concept: Producers and Consumers
5th Grade Curtis Elementary
Specialization
Efficiency is increased when individuals, firms, and nations produce the goods and services at which they are best.
Thus, leaving the production of other goods to others.
SM
Concept: Specialization 5th Grade Healy Elementary
Specialization
Efficiency is increased when individuals, firms, and nations produce the goods and services at which they are best.
Thus, leaving the production of other goods to others.
DO
Concept: Specialization 6th Grade Nathan Hale Elementary
Scarcity
World resources are limited, so we cannot produce or have everything we could possibly want.
Thus, we must make choices about how best to use the limited resources we have.
AS
Concept: Scarcity 8th Grade Garvey Elementary
Productive Resources
Production of goods and services in any economic system involves three types of resources: • Natural Resources• Human Resources• Capital Resources
KS
Concept: Productive Resources 8th Grade Nathan Hale Elementary
Economics Poster ContestBrought to you by the
UIC Center for Economic Education
Presents:
TheSecond Prize Winners
2003-4
Specialization
Efficiency is increased when individuals, firms, and nations produce the goods and services at which they are best.
Thus, leaving the production of other goods to others.
KB
Concept: Specialization 4th Grade Nathan Hale Elementary
Producers & Consumers
Producers are the people, and/or firms, which make and supply the goods and services provided in the economy.
Consumers use the goods and services produced to satisfy their wants and needs.
JB
Concept: Producers and Consumers
3rd Grade Nathan Hale Elementary
Goods and Services
Goods are tangible objects desired by consumers and supplied by producers.
Example of goods: cars & books Services are intangible outputs
produced in the economy. Example of a service: teaching
DC
Concept: Goods and Services 4th Grade William King Elementary
Opportunity Cost
Opportunity Costs are what we give up when a resource is used for one purpose rather than another.
Example: If a baker uses a bag of flour to bake bread, she cannot use the same bag of flour to bake cakes.
MC
Concept: Opportunity Costs 6th Grade Hitch Elementary
Goods and Services
Goods are tangible objects desired by consumers and supplied by producers.
Example of goods: cars & books Services are intangible outputs
produced in the economy. Example of a service: teaching
BG
Concept: Goods and Services 1st Grade Nathan Hale Elementary
Producers & Consumers
Producers are the people, and/or firms, which make and supply the goods and services provided in the economy.
Consumers use the goods and services produced to satisfy their wants and needs.
JL
Concept: Producers and Consumers
5th Grade Beethoven Elementary
Producers & Consumers
Producers are the people, and/or firms, which make and supply the goods and services provided in the economy.
Consumers use the goods and services produced to satisfy their wants and needs.
EM
Concept: Producers and Consumers
8th Grade Eberhart Elementary
Opportunity Cost
Opportunity Costs are what we give up when a resource is used for one purpose rather than another.
Example: If a baker uses a bag of flour to bake bread, she cannot use the same bag of flour to bake cakes.
BO
Concept: Opportunity Cost 7th Grade Pershing Elementary
Scarcity
World resources are limited, so we cannot produce or have everything we could possibly want.
Thus, we must make choices about how best to use the limited resources we have.
HQ
Concept: Scarcity 8th Grade Garvey Elementary
Scarcity
World resources are limited, so we cannot produce or have everything we could possibly want.
Thus, we must make choices about how best to use the limited resources we have.
ES
Concept: Scarcity 5th Grade Skinner Elementary
Specialization
Efficiency is increased when individuals, firms, and nations produce the goods and services at which they are best.
Thus, leaving the production of other goods to others.
JT
Concept: Specialization 5th Grade Healy Elementary
Opportunity Cost
Opportunity Costs are what we give up when a resource is used for one purpose rather than another.
Example: If a baker uses a bag of flour to bake bread, she cannot use the same bag of flour to bake cakes.
CZ
Concept: Opportunity Cost 5th Grade Healy Elementary
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