an economic system where the businesses are privately owned is called
What is Capitalism
100
What is supply and demand? Give an example of supply and demand.
What is supply (product, good/service)
demand(need/want)
100
Aquaculture involves the cultivation of marine or freshwater fish or shellfish. To what La. natural resource does this apply?
What is Crawfish
100
When our government puts a tariff on a foreign good, such as leather shoes, what will happen to the shoes?
What is the price of the shoes will increase
100
Banks do all of the following an economy except:
(#1)
What is Pay a bonus to people who keep a minimum of money in their checking account.
200
A community's system of producing, distributing and consuming goods is called
What is Economics
200
When Andrew Higgins went from making swamp boats to making the World War II LCVP, this was_______________
What is Specialization
200
many natural resources have brought benefits to LA. buth they also have cost LA. What has been the cost of natural resources in LA?
What is The removal of these natural resources has caused pollution.
200
A portion of a public corporation available for sale is
What is Stock
200
Why does the U.S. participate in international trade?
(#2)
What is In order to have all the materials or resources to produce a product.
300
In what type of economic system does the government make the economic decisions?
What is Command
300
When there is a large supply of a product and little demand, prices ____________
What is Decrease
300
La produces more of this mineral than any other state. It is found in domes along the coast.
What is Salt
300
The reliance of businesses on each other to make a product
What is Interdependence
300
Which statement is true about our biological resources?
(#20)
What is All natural resources should be preserved.
400
The Four Basic Economic questions ask what to produce, how to produce or offer this service, who will buy this product or service, and ________________
What is How much should be produced?
400
As prices increase, demand decreases. As price decrease, ___________ increases.
What is Demand
400
A soft coal found in Louisiana is
What is Gypsum
400
During the 1800's what geographic feature in New Orleans increased trade and made the city have tremendous economic growth? (5)
What is The Mississippi River
400
What's the difference between traditional and command market system.
What is traditional (custom.....father son hand down)
command (government makes the economic decisions)
500
In what economic system are the 4 Basic Economic Questions answered by custom as in some underdeveloped countries where boys follow in the footsteps of their fathers?
What is Traditional
500
People needing and wanting more resources than are available is ____________
What is Scarcity
500
Many Louisiana resources such as salt and oil are found along the gulf Coast. What is a threat to these natural resources?
What is Coastal Erosion
500
What is a trade-off?
What is What one sacrifices when making a choice.
500
A) What's the difference between inflation and deflation?
B) Consumer Price Index tracks _______
A)What is inflation prices increase.
Deflation prices decrease.
B) Prices