Deadline for Submissions:
Friday, April 23, 2021
Virtual Award Announcement:
Wednesday, May 7, 2021
Official Rules
CLICK HERE for the Drawing for Dollar$ official rules
Draw a Picture About:
(a few ideas to get you started)
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- Capital Resources: Capital resources are tools and equipment used to make goods and services.
- Consumers: Consumers are people who buy goods and services. Are you a consumer?
- Economic Wants: Economic wants are desires that can be satisfied by consuming a good, service or leisure activity.
- Entrepreneur: An entrepreneur is someone who takes the risk to develop a new product or start a new business.
- Goods and Services: Goods are object you can touch or hold, and services are actions one person does for someone else.
- Human Resources (Labor): Human resources are the people who work to produce goods and services.
- Income: The amount of money received in exchange for labor.
- Interdependence: Interdependence occurs when people or countries depend on someone else to provide the goods and services they consume.
- Interest: The money earned on our savings.
- Investing: In economics, investing occurs when people use money to purchase capital goods. In finance, investing occurs when people put money in long-term savings options like stocks and bonds.
- Market: A market exists whenever people buy and sell goods and services. Markets are where prices are determined.
- Natural Resources: Natural resources are materials found naturally and they are used in the production of goods and services. Examples are water, soil, minerals and sunshine.
- Opportunity Cost: When you make a decision, the most valuable alternative you give up is your opportunity cost.
- Price: The price is what people pay when they purchase a good or service.
- Producers: Producers are people who make goods or provide services.
- Productive resources: Productive resources are the natural, human and capital resources that are used to produce goods and services.
- Productivity: Labor productivity measures how many goods and services are produced per worker.
- Profit: Profit is the difference between the money people make when they produce and sell a good or service and all their costs of production.
- Saving: Saving is the part of a person’s income that is not spent for goods and services or used to pay taxes.
- Scarcity: Scarcity is the condition of not being able to have all of the goods and services that you want.
- Specialization: People specialize when they produce only some of the goods and services they consume, then trade with others to get more of the things they want.
- Supply and Demand: Producers supply goods and services. Consumers demand them. Prices in the market are determined by the interaction of supply and demand.
- Trade and Money: People trade (exchange) with each other to get the goods and services they want. To make trade easier, people use money.
- Trade-offs: Trade-offs means getting a little less of one thing in order to get a little more of another.
- CORRELATIONS TO THE OKLAHOMA ACADEMIC STANDARDS
Entry Forms
To download a copy of the Teacher/Class Entry Form, CLICK HERE
To download a copy of the Individual Student Entry Form, CLICK HERE
To enter using our NEW! Digital Entry Form, CLICK HERE
