True/False
More True/False
Multiple Choice
more m/c
100
Louisiana's trees made large profits for local companies. T/F
What is false
100
People satisfy their needs and wants through goods and services.
What is true
100
The value of a person's second choice is called
What is opportunity cost
200
LA important mineral resources today include oil, natural gas, sulphur, salt, and lignite.
What is true
200
People needing and wanting more than the resources available can result in a
What is scarcity
300
Beef cattle is an important contributor to the economy of LA
What is true
300
Capital resources include factories, tools, and machines. T/F
What is true
300
Which is not a game bird? dove, heron, quail,wild turkey
What is heron
400
Mineral resources are renewable
What is false
400
This term refers to the reliance of businesses and industries on one another in an economy.
What is interdependence
400
Which fish is used commercially? blue marlin, mackerel, redfish, tuna
What is tuna
500
LA's offshore port, the Superport, was constructed to serve the offshore oil industry.
What is true
500
Opportunity benefits and costs apply to choices such as using resources and time.
What is true
500
Trapping has declined in LA because there has been a decline in the demand for fur. T/F
What is true
500
When ___________is high and __________is low, the price for goods is higher.
What is demand, supply
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