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Mini-Economy - Ancient Chinese Culture Resources

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Hist/Soc Sci SOL K.9b, 2. 8, 2.9, 3.8, 3.9; English SOL 3.9 Why Do Different Countries Produce Different Things? (Teacher copy) Case study: Imagine that you are a producer in ancient Mali. Draw a puzzle showing the natural, human, and capital resources needed to make a product that the ancient Mali actually made. The product: Salt Natural Resource Capital Resource Human Resource Contrast what someone in ancient Mali produced with what someone in a different ancient culture (maybe China, Rome, or Egypt) produced. Why are they different? People in Mali produced salt, while people in ancient China produced silk. Different nations specialize in producing different things because they have different resources. If they want to get more goods and services than what they can make in their country, then they must trade! Shovels Bags Miners to dig up the salt Merchants to carry the salt to market [Examples]: Salt from the ground Camels to transport the salt

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During your class Market Day, would you rather trade products using barter or using money? Write a paragraph explaining your answer. [Accept student answers that are well-reasoned. However, students should show some knowledge related to the sample answer below.] Money is better most of the time. With barter, each trader must have what another trader wants at the same time. If they don’t have what each other wants, they won’t trade. But everyone wants money because everyone can use it for trade. It makes trading easier. That’s why we should use money in Market Day.

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Name: _______________________________________________ Why Do Different Countries Produce Different Things? Case study: Imagine that you are a producer in ancient Mali. Draw a puzzle showing the natural, human, and capital resources needed to make a product that the ancient Mali actually made. The product: ____________________________________________ Natural Resource Capital Resource Human Resource Contrast what someone in ancient Mali produced with what someone in a different ancient culture (maybe China, Rome, or Egypt) produced. Why are they different?

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During your class Market Day, would you rather trade products using barter or using money? Write a paragraph explaining your answer.