Economics
Businesses want to make a ______, or money on sold goods.
What is a profit?
All of the businesses directly involved in agriculture are called __________.
What is agribusiness?
A person who starts a business is called an _________.
What is an entrepreneur?
Corn can be used to make a fuel called _________.
What is ethanol?
Many people in Nebraska work in ________, meaning farming or raising livestock.
When you buy something from a business, it is called a __________ or a product.
What is a good?
There are ______ ethanol plants in Nebraska.
What is 20?
How much of something consumers WANT is called...
What is demand?
Name one type of alternative energy
What is solar, wind, or hydroelectric?
Pepsi VS Coca Cola is an example of businesses in ___________.
What is competition?
When a business provides you with their time and energy (like a dentist or a teacher), it is called a __________.
What is a service?
We _________ tons of goods, meaning we send them to other places around the world.
How much of something a business HAS is called...
What is supply?
The study of how businesses make and use their money is called _________.
What is economics?
What is 4?
Corn is used to make over __________ products (you have to be close!)
What is 3,500?
Name one export Nebraska has.
What are corn, beef, wheat, and hogs?
___________ resources will never run out.
What are renewable?
How each part of a business interacts with other parts of a business is sometimes called a ________ ________. This also shows us how each product is made step-by-step.
What is a supply chain?
There are ________ factors of production in businesses.
What is 4?
In all, Nebraska makes over _______ billion dollars every year with exports.
What is 10?
Over _____ percent of Nebraska’s land is used for growing crops or raising livestock.
What is 90?
______________ resources can be run out of if we don't use them properly.
What are nonrenewable?
A _________ happens when the supply of something is greater than the demand.
What is a surplus?
_________ happens when the demand for something is greater than the supply.