In How to Make an Apple Pie and See the World, a little girl wants to make an apple pie but she has a problem: the store is closed. So she decides to travel around the world to find the best ingredients for her pie. Travel around the world with her to find natural resources and intermediate goods she can use to make her pie. Natural resources are gifts of nature used to make goods and services. Capital resources are the tools used to transform natural resources into ingredients. When you buy goods (ingredients) to make another good, they are considered intermediate goods.
During the story the little girl searches for the intermediate goods to make her pie. She finds natural resources and uses capital resources (goods used to produce other goods) to transform the natural resources into intermediate goods Use the Apple Pie Economics video to help students identify the natural resources and dig deeper into other economic concepts. You can also use the How to Make an Apple Pie and See the World document to access a readers theater version of the story. Then, use the Federal Reserve Lesson (also available below) to reinforce the concepts of the different productive resources.
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AuthorDeborah Kozdras, Ph.D. Archives
February 2022
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