Michigan's Natural Resources
Michigan's Industries
Economic Vocab
Economic Vocab-Part 2
Business Vocab
100

what is used for irrigation, power for mills and boat travel?

What is water?

100

Grand rapids has been known for the ________ capital of the world

What is furniture?
100

Inter means _______________

meaning between or among

100

what is found in nature that people use?

natural resource

200

this natural resource is known for building furniture, floors decks, and paper products

What is trees?

200

What three places have large automobile plants?

Detroit, Flint and Lansing

200

dependence means ______________________

meaning reliance

200

people that start and run their own business called?

entrepreneur

300

What is an example of a mineral?

Iron ore

300

Cherries come from what city in Michigan?

What is Traverse City?

300
Why does Interdependence help Michigan's Economy?

Michigan wants to sell products to other states and other states want to buy these products

300

when people really want something, but there is not enough for everyone

scarcity

300

are machines and tools needed to run a business

capital resources

400

iron ore is used to make what?

railroads, factories, bridges, sky scrapers, farm machinery

400

This city become known as Cereal City!`

What is Battle Creek?

400

Did people want to move to Michigan for jobs?

Yes

400

are the value of something that is given up in order to buy something else

opportunity costs

400

are workers in a business

human resources

500

the other type of mineral we learned about

what is copper?

500

Blueberries come from what city?

South Haven