BOW BOW BOW
What is the term that describes a non-essential item needed for living?
want
These come from the Earth, such as water, oil, minerals, lumber, etc.
Natural Resources
What is the term for when there is a limited amount of a product?
scarcity
What are non-renewable solid material that can be extracted from the Earth and used for industrial purposes
Mineral Resources
What was the first major industry in WV?
salt
What is the term for an essential item needed for living?
need
These are the people that produce goods or services, such as factory employees, esthiticians, salesmen, etc.
Human Resources
Nine state forests and two national forests are located in West Virginia.
State Forests: 9
National Forests: 2
What is the term for any living organism that can be used by humans for purposes such as food, medicine, fuel, or fiber?
Biological Resources
What is the name of the state park that contains tall and fat hemlocks that dominate the area, and contains over thirty species of trees in the park.
Cathedral State Park
What is the term for someone who makes a good or provides a service?
producer
This is the money or physical things, such as factories, tools, bridges, or machines, that are used to produce goods or services.
Capital Resource
DAILY DOUBLE
What country is Miss Albertson's Hispanic side from?
Hint: It ranks 4th in the world for murder! Slay!
Honduras
What is the term for a resource that can replenish itself in a human’s lifetime--seconds, minutes, years...
Renewable Resource
One of the reasons glassmaking became important in West Virginia is because the state has good quality of...
white silica sand
What is the term for someone who purchases or partakes of a good/service?
consumer
What is the term for when you give up one thing to get a better, desired outcome?
Trade Off
How does scarcity often lead to trade-offs?
Scarcity often leads to trade-offs since goods/services are limited while the wants/needs of man are unlimited.
This forces us to make choices.
What is the term for a finite resource that cannot be replaced in a human’s lifetime once used up--thousands & millions of years
Non-Renewable Resource
What were attracted to West Virginia because of the abundance of coal, oil, and natural gas?
Chemical Plants
In the case of McDonald's, what would be the good and what would be the service?
Good: Big Mac
Service: Providing the food fast
What would be an example of a trade-off?
Example: Returning a pair of jeans that are a size too big for a pair that fit you perfectly!
What are the four basic questions of economics?
West Virginia’s supplies of coal, water, and wind have resulted in the development of the...
Electric Power Industry
What was one of the largest chemical companies to locate in West Virginia?
Union Carbide